Navigator Equity Solutions SE
Navigator Equity Solutions SE: Navigator Equity Solutions SE announces results for the fiscal year 2011 and the change of listing segment of IT Competence Group SE to the Entry Standard of the Frankfurt Stock Exchange
Navigator Equity Solutions SE / Key word(s): Final Results Navigator Equity Solutions SE announces results for the fiscal year 2011 and the change of listing segment of IT Competence Group SE to the Entry Standard of the Frankfurt Stock Exchange Waalre, June 30, 2012 – Navigator Equity Solutions SE hereby announces its results for the fiscal year 2012. In 2011 Navigator Equity Solutions changed its accounting policy from IFRS to Dutch GAAP. The comparative figures 2011 have been adopted for this new accounting policy. In the fiscal year 2011, the group generated total revenues of 13.3m euros (2010: 10.9m euros). These were made up from 15.5m euros (2010: 10.7m euros) at our operating subsidiaries IT Competence Group SE and The ACON Group SE as well as -3.8m euros (2010: 1.1m euros) from investments held for trading. Operating income (EBIT) for the period amounted to -4.9m euros (2010: -0.7m euros). The result after tax amounts to -4.5m euro (2010: 0.3m euro). This figure was negatively affected in particular by devaluation of listed investments to account for the negative performance on the capital markets in the second half of 2011. The individual balance sheet items have developed as follows: The group’s balance sheet total was down from 10.8m euros to 7.9m euros. Current assets were reduced from 16.2m euros to 10.6m euros. Cash and cash equivalents are reduced from 3.6m euros to 2.4m euros . The group’s total equity was reduced from 8.9m euros to 4.2m euros The group’s equity ratio as of December 31, 2011 amounts to 53.2%. The company’s management believes that Navigator Equity Solutions SE is well positioned to generate positive consolidated net income in the year 2012. The Annual Report will be published today in the Investor Relations section of Navigator’s website at www.navigator-equity.com. Further Navigator Equity Solutions SE announces that IT Competence Group SE changes the listing segment from the Open Market of the Frankfurt Stock Exchange to the Entry Standard. The first trading day in Entry Standard is June 30, 2012. Given the restructuring of the Open Market, the management board of IT Competence Group SE has decided to cater to an increased interest by institutional investors’ accounts and transfer it’s listing to the Entry Standard of the German Stock Exchange. Entry Standard is a section of Frankfurt Stock Exchange’s open market with higher standards than required by law, which insures greater transparency. Navigator Equity Solutions SE Investor Relations t.: +49 89-244118-414 f.: +49 89-244118-499 info@navigator-equity.com End of Corporate News 29.06.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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 Berlin, München (m:access), Stuttgart; Open Market in Frankfurt | |
End of News | DGAP News-Service |
176095 29.06.2012 |