Navigator Equity Solutions SE
Navigator Equity Solutions SE: Navigator announces the latest developments in its group companies.
Navigator Equity Solutions SE / Key word(s): Miscellaneous 26.03.2013 17:12 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Navigator announces the latest developments in its group companies. Waalre, March 26, 2013 - Navigator Equity Solution SE updates on latest developments in its group companies: The ACON Group SE Navigator Equity Solutions SE hereby announces that it has reduced its shareholding in The ACON Group SE to 49.99% from 100%. The shares were acquired by the current management team. The new ownership structure aligns interests of management and shareholders, gives consideration to regulatory aspects while allowing Navigator Equity Solutions SE to still benefit directly from The ACON Group SE's success. IT Competence Group SE IT Competence Group SE - a 75% participation of Navigator Equity Solutions SE - has recently announced its 2012 preliminary financial figures. The company has generated revenues at Group level of EUR 16.3m and the result before depreciation (EBITDA) amounted to around EURk 300 (previous year: EUR -1.5m). The company has proven its successful turnaround and is on track to deliver double-digit growth in revenues in 2013. IT Competence Group expects 2013 revenues to be in the range of EUR 18m and EUR 20m and a 2013 EBIT margin greater than 3%. The result before depreciation (EBITDA) is anticipated on Group level at more than EUR 0.6m. Over the medium-term, EBITDA margin should be increased to greater than 5%. Catalis SE Catalis SE increased its revenues for fiscal year 2012 to EUR 27.5m (2011: EUR 26.4m). The resulting group profit was in excess of EUR 800k (EBIT), after significant restructuring costs. This represents a significant turnaround on the losses recorded in 2011 (-EUR 3.5m EBIT), and those of the two preceding years. Furthermore Catalis announced that the long-term financing of the company is secured. Effective March 18th, 2013 KBC Bank converted the short term credit facility with Catalis SE amounting to Euro 8.6 m into a term loan maturing 31.12.2015. This new structure is very much appreciated by Catalis as it provides longer term security about the funding of the company. Catalis has announced that it expects fiscal year 2013 Group revenues are greater than EUR 30.0m and a group EBIT of greater that EUR 2.0m. Navigator Equity Solutions SE hereby gives notice that the company holds option rights to increase the current participation of 11.74% in Catalis SE to more than 20% of the share capital. Outlook Navigator Equity Solutions SE's participations started the fiscal year 2013 on a positive note. On that basis Navigator expects to conclude the fiscal year 2013 with a positive result. Navigator Equity Solutions SE Investor Relations t.: +49 89-244118-223 f.: +49 89-244118-228 info@navigator-equity.com 26.03.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Navigator Equity Solutions SE Laan van Diepenvoorde 3 5582 LA Waalre Netherlands Phone: +49 89 244118-414 Fax: +49 89 244118-499 E-mail: info@navigator-equity.com Internet: www.navigator-equity.com ISIN: NL0009538008 WKN: A1CUJD Listed: Freiverkehr in München (m:access), Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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