27.04.2015
FinLab AG DE0001218063
DGAP-News: FinLab AG: * FinLab AG publishes 2014 financial figures
DGAP-News: FinLab AG / Key word(s): Final Results
FinLab AG: * FinLab AG publishes 2014 financial figures
27.04.2015 / 08:00
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- FinLab AG publishes 2014 financial figures
- Net profit according to German Commercial Code nears EUR 10 million
- Equity ratio 90%
- Outlook for 2015 also positive
Frankfurt am Main, 27.04.2015 - FinLab AG (ISIN: DE0001218063) today
publishes its figures for FY 2014.
FinLab generated a net profit for 2014 in the financial statements prepared
pursuant to HGB [German Commercial Code] of EUR 9.5 million (prior year EUR
-1.8 million). This very good result was due both to the positive
performance of the portfolio - particularly the sustained recovery in value
of the investment in Heliad Equity Partners GmbH & Co. KGaA - and the
successful exits, and also to the decrease in personnel costs and other
operating expenses. The positive result for the year resulted in an
increase in the equity ratio to 90% (prior year 76%). There were also
increases in revenues to EUR 2.7 million (prior year EUR 1.4 million) and
other operating income to EUR 10.3 million (prior year EUR 3.5 million).
In this annual report, FinLab AG records not only the completion of a
prosperous financial year but also the successful conclusion of the
restructuring phase initiated at the end of financial year 2012. With the
start of the new financial year, the company's specific focus, in addition
to its continued core investments, is on Financial Services Technologies
("fintech") investment business. Focus will be on developing German and
international fintech start-ups and providing venture capital for their
financing requirements, with the aim in all cases of having a long-term
equity interest and providing support for the investments.
Financial year 2015 has begun very well for FinLab AG and management
expects that the company will be able to generate another positive result
this year.
The annual financial report is available for inspection at www.FinLab.de.
About FinLab AG:
The listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker
symbol: A7A) is one of the largest leading company builders and investors
concentrating on the Financial Services Technologies ("fintech") sector.
FinLab's focus is the development of German fintech start-up companies and
the provision of venture capital for their financing requirements, with the
aim in all cases of having a long-term equity interest and providing
support for the investments. In addition, FinLab invests globally in
venture rounds in fintech companies, primarily in the USA and Asia.
Press contact:
FinLab AG
[email protected]
Telephone: +49 (0) 69 719 12 80 - 0
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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
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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348611 27.04.2015
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Beteiligungen , 121806 , A7A , XETR:A7A