20.03.2018
FinLab AG DE0001218063
DGAP-News: FinLab AG expects very strong results for the 2017 financial year, according to preliminary figures
DGAP-News: FinLab AG / Key word(s): Preliminary Results
FinLab AG expects very strong results for the 2017 financial year, according
to preliminary figures
20.03.2018 / 09:30
The issuer is solely responsible for the content of this announcement.
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Frankfurt am Main, March 20, 2018 - FinLab AG (WKN 121806, ISIN
DE0001218063, Ticker A7A.GR) expects very strong financial results for the
past financial year of 2017, according to reviews of preliminary figures.
The (preliminary) net profit for FinLab, which is derived in accordance with
IFRS standards, has improved by EUR 0.2 million to EUR 14.2 million,
compared to the last period. The (preliminary) overall profit (IFRS) of EUR
30.8 million (last year: EUR 32.2 million) has continued to develop
strongly. According to German GAAP (HGB), FinLab has achieved a
(preliminary) result of EUR 1.8 million (last year: EUR 2,3 million). This
figure is well-above the expected values.
The (preliminary) net asset value per share (NAV) of FinLab has improved by
41% from EUR 14.79 per share to EUR 20.83 per share. The company's
(preliminary) equity (IFRS) amounts to EUR 103.9 million (last year: EUR
67.1 million).
The principal reasons for the very good results (IFRS) are the outputs from
the strong performance of Heliad Equity Partners GmbH & Co. KGaA (ISIN:
DE000A0L1NN5 / Ticker: HPBK), which demonstrated a 66% performance in 2017,
as well as the revaluation of Deposit Solutions GmbH, which collected USD 20
million in its last financing round at the end of November 2017, doubled
last year's valuation.
The annual report is expected to be published on April 12, 2018 on
www.FinLab.de in the Investor Relations section.
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A.GR) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech") sector
in Europe. FinLab focuses on developing German FinTech startups and
providing venture capital for their financial needs, whereby in each case
the aim is a long-term participation and ongoing support of the investment.
FinLab also invests globally, as part of venture rounds, in FinTech
companies, primarily in the USA and Asia.
Press contact:
FinLab AG:
[email protected]
www.finlab.de
Phone: +49 69 719 12 80 147
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20.03.2018 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.
Archive at 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
Indices: Scale
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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Beteiligungen , 121806 , A7A , XETR:A7A