26.04.2016
FinLab AG DE0001218063
DGAP-News: FinLab AG: FinLab publishes final audited figures for 2015
DGAP-News: FinLab AG / Key word(s): Final Results
FinLab AG: FinLab publishes final audited figures for 2015
26.04.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- FinLab publishes final audited figures for 2015 - earnings per share
jump fourfold from EUR 0.36 to EUR 1.44
- IFRS-based annual net results up fourfold to EUR 6.5 million
- IFRS overall results up 46% to EUR 15.4 million
- Positive trend across the whole portfolio
- Outlook for 2016 very positive
Frankfurt am Main, April 26, 2016 - During the previous financial year,
FinLab AG ("FinLab", "the company") (ISIN: DE0001218063, WKN: 121806,
ticker: A7A.GR) once again delivered very positive growth, exceeding
expectations and further solidifying its position as one of the leading
investors in the German fintech market. The portfolio was expanded and all
holdings are currently showing steady growth. The changeover to
International Financial Reporting Standards ("IFRS") was completed
successfully, with the IFRS statements for both 2013 and 2014 financial
years being published for comparison on FinLab's website.
Under IFRS reporting standards, the annual earnings for FinLab for 2015
were EUR 6.5 million, which represents a fourfold increase over the prior
year (EUR 1.6 million). The overall result under IFRS rose by about 46%,
with earnings rising from EUR 10.5 million in 2014 to EUR 15.4 million in
2015. This value includes both recurring earnings and the profit shown in
the accumulated gains from the revaluation of shares held in Heliad GmbH &
Co. KGaA.
At the same time, earnings per share also grew significantly: Year-on-year
this value, based on the annual results, also grew fourfold from EUR 0.36
to EUR 1.44 per share. Net Asset Value (NAV) rose on 12/31/2015 to EUR
12.12 per share (prior year: EUR 8.70 per share).
On the basis of HGB (German GAAP) accounting, FinLab AG achieved earnings
of EUR 5.2 million for 2015 (prior year: EUR 9.5 million). While the prior
year's earnings came mainly from the revaluation of the historic
acquisition costs of shares in Heliad Equity Partners GmbH & Co KGaA, the
German GAAP surplus for this year came mainly from three sources:
1. Performance-Fees of Heliad Management GmbH accounted for around EUR 2.7
million,
2. Profit on the sale of financial investments came from the sale of
financial instruments as part of liquidity management and
3. Disbursements and dividends from Heliad Equity Partners GmbH & Co KGaA
(EUR 0.7 million), from Patriarch Multi-Manager GmbH (EUR 0.3 million)
as well as from Heliad Management GmbH (EUR 0.7 million).
FinLab board member Juan Rodriguez: "Thanks to the supplementary release of
the IFRS figures, we are able to further improve transparency for our
shareholders and also open ourselves up to a wider circle of investors,
especially overseas. In the financial year just ended, we were not only
able to significantly accelerate growth in the value of our portfolio, and
therefore of our company as a whole. Parallel to that we were also able to
further improve our position as one of the largest incubators for
innovative fintech companies in Germany and Europe."
FinLab board member Kai Panitzki adds: "We expect the coming year to also
be marked by very positive and vigorous growth. With our wide-ranging
expertise, our resources in the area of financial services as well as in
venture capital, combined with a strong partner network like our strategic
partners FinTech Group, XCOM Group and biw Bank, we are able to offer our
portfolio companies an attractive bundle of added value. That's FinLab's
unique strength."
In detail, all FinLab portfolio companie showed positive trends across the
board for financial year 2015 and the opening months of 2016. What stands
out most positively is Deposit Solutions GmbH, the latest investment by
FinLab AG. It is expected that the stake taken by Peter Thiel end of last
year, one of the best known investors in the world, will serve in
particular to provide a sustained positive stimulus going forward. And just
a few days ago, Deposit Solutions, which manages an open platform for the
European retail deposit market, was able to announce a comprehensive
partnership with Deutsche Bank.
All the other holdings - nextmarkets, Venturate, Patriarch and Heliad -
also got off to a very good start in 2016. The board therefore expects to
end 2016 on a very positive note, with additional further expansion of the
investment portfolio.
Press contact:
FinLab AG
Kai Panitzki, Board member
[email protected]
Phone: +49 (0) 69 719 12 80 - 0
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 ongoing support of the investment. FinLab
also invests globally, as part of venture rounds, in fintech companies,
primarily in the USA and Asia.
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26.04.2016 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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457591 26.04.2016
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