TIG Themis Industries Group GmbH & Co. KGaA
Themis Equity Partners: Financial report published for the second quarter of 2008
Themis Equity Partners GmbH & Co. KGaA / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- ++ Financial report published for the second quarter of 2008 ++ Price drop on listed investments leads to a net loss for the period ++ NAV equal to EUR 0.98 per share as of 31 July 2008 Listed investment company Themis Equity Partners GmbH & Co. KGaA recorded a net loss of EUR 2.6 million during the second quarter of 2008. This was primarily due to write-downs on listed investments that were made necessary as a result of price drops in the generally difficult capital market environment. The Company’s balance sheet showed a solid equity of EUR 52.7 million as of June 30, 2008 reporting date, which considerably exceeded the Company’s stock market capitalisation of EUR 36.2 million at that time. The Company’s equity ratio was 95%. At the end of the second quarter, Themis had no bank debts and possessed short-term financial resources of EUR 6.1 million, including receivables and securities. As part of the Company’s strategic investment alignment toward the restructuring and reorganisation segment, investments in the buyout and growth capital funds LBO France, 360 Capital, Nestor 2000 and TDR were sold at an overall profit, thereby creating more freedom for the new investments planned. The Company plans a capital consolidation that will allow it to repurchase its own shares at prices below NAV, thereby increasing the value of the Company after the shares have been retired. Themis’ intrinsic value (NAV) was EUR 0.98 per share as of July 31, 2008, on the same level as of the previous month. The share price on this date was at a 34% discount below NAV. ++ About Themis Themis Equity Partners (WKN: 785 757) is Germany’s first listed investment company for private equity funds. It combines the liquidity of shares with the yields of the renowned top quartile of private equity funds, which are usually not accessible to individual investors due to their high minimum subscriptions and exclusivity. The Company’s future investment focus will be on restructuring situations. Additional information on the Company and detailed quarterly reports are available at www.themis-equity.de. Contact: Themis Equity Partners GmbH & Co. KGaA Alexander Mitsch Chief Financial Officer / Investor Relations Tel.: +49 (0) 69 71 91 59 65 28 E-Mail: alexander.mitsch@themis-equity.de Christiane Kriesche Head of Marketing and Communication Tel.: +49 (0) 69 71 91 59 65 17 E-Mail: christiane.kriesche@themis-equity.de 12.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Themis Equity Partners GmbH & Co. KGaA Grüneburgweg 18 60322 Frankfurt am Main Deutschland Phone: +49 (0)69 719 15 965 0 Fax: +49 (0)69 719 15 965 11 E-mail: alexander.mitsch@themis-equity.de Internet: www.themis-equity.de ISIN: DE0007857575 WKN: 785757 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München End of News DGAP News-Service ---------------------------------------------------------------------------
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