23.03.2016
FinLab AG DE0001218063
DGAP-News: FinLab AG: FinLab AG releases its preliminary results for 2015
DGAP-News: FinLab AG / Key word(s): Preliminary Results
FinLab AG: FinLab AG releases its preliminary results for 2015
23.03.2016 / 09:00
The issuer is solely responsible for the content of this announcement.
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- FinLab AG releases its preliminary results for 2015
- (Preliminary) annual net profits as per German Commercial Code (HGB):
EUR 5.2 million
- (Preliminary) comprehensive income as per IFRS: EUR 15.4 million
- The equity ratio as per IFRS was 96%
- Outlook for 2016 is also positive
Frankfurt am Main, 03/23/2016 - FinLab AG (ISIN: DE0001218063; ticker
symbol: A7A.GR) has released its preliminary results for fiscal year 2015.
In 2015, FinLab's (preliminary) annual net profits under terms set forth by
the German Commercial Code (HGB) equaled EUR 5.2 million (EUR 9.5 million
in fiscal year 2014). Its (preliminary) comprehensive income as defined by
IFRS equaled EUR 15.4 million (EUR 10.5 million in fiscal year 2014), once
again significantly surpassing the previous year's results.
These excellent results were due to positive portfolio performance - in
particular appreciation in value of shares of Heliad Equity Partners GmbH &
Co KGaA - and also increased revenues from services and performance fee
income.
The positive annual results led the equity ratio as defined by IFRS to rise
to 96% (94% in 2014). Total proceeds also increased to EUR 6.5 million (EUR
4.8 million in 2014), while personnel and non-personnel expenses were
further reduced from EUR 4.3 million to EUR 2.4 million.
In addition to its existing core investments in the area of "Traditional
Financial Services", FinLab has been focusing since the beginning of fiscal
year 2015 in particular on "Financial Services Technologies" ("fintech").
In the fintech area, FinLab has already made successful investments in the
crowd-funding platform Venturate, the deposit platform Deposit Solutions,
and the trading and e-learning platform nextmarkets. Additional new
investments will soon be concluded.
FinLab AG got off to a good start in fiscal year 2016, and management
assumes that it will also generate positive results once again in 2016. In
particular, several of FinLab's existing portfolio companies are preparing
for new financing rounds, in which their value should be significantly
higher than at the time FinLab invested in them.
FinLab's comprehensive annual financial report will be available at
www.FinLab.de beginning on April 25, 2016.
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("fintech")
sector. FinLab focuses on developing German fintech start-ups and providing
venture capital for their financial needs, whereas in each case the aim is
a long-term participation and on-going support of the investment. FinLab
also invests globally, as part of venture rounds, in fintech companies,
primarily in the USA and Asia.
Media contact:
FinLab AG
[email protected]
Tel.: +49 (0) 69 719 12 80 - 0
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23.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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448003 23.03.2016
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Beteiligungen , 121806 , A7A , XETR:A7A