20.07.2016
Lloyd Fonds Aktiengesellschaft DE000A12UP29
DGAP-News: Lloyd Fonds AG confirms full-year forecast and plans to double the assets under management
DGAP-News: Lloyd Fonds Aktiengesellschaft / Key word(s): Half Year
Results/Dividend
Lloyd Fonds AG confirms full-year forecast and plans to double the assets
under management
20.07.2016 / 06:53
The issuer is solely responsible for the content of this announcement.
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CORPORATE NEWS
Lloyd Fonds AG confirms full-year forecast and plans to double the assets
under management
- Increase of more than 100 percent in consolidated net profit to EUR 1.8
million expected in the first half of 2016
- Assets under management to double in the medium term to EUR 3 billion
thanks to strong pipeline of new projects
- Presentation of new projects for future growth
Hamburg, July 20, 2016 According to provisional calculations, Lloyd Fonds
AG generated a consolidated net profit of EUR 1.8 million in the first half
of 2016. This is more than twice as much as in the same period of the
previous year (EUR 0.7 million). The Hamburg-based investment and asset
manager reported that this significant improvement is due to the increase
in management fee income including transaction fees particularly in the
real estate segment.
Given its successful business performance, Lloyd Fonds AG expects to be
able to report a sharp increase in consolidated net profit for financial
year 2016. The current forecast is for profit of EUR 2-3 million. In view
of the strong result in the first half of the year, Lloyd Fonds assumes
that full-year consolidated net profit will come in at the top end of this
range.
New projects to generate sustained growth
Against the backdrop of its strategic decision to develop listed and
tradable investments, Lloyd Fonds is currently working on the establishment
of a listed company for funded housing construction in metropolitan
regions. Institutional investors are the main target group.
In a second project, retail investors are to gain access to real estate
investments via a listed real estate investment trust (REIT). In the
maritime segment, a platform for distressed ship investments is being
developed.
"Today, investors are primarily seeking a liquid market, transparency and
solid returns. Investments in listed entities offer all these benefits to a
high degree and are also more attractive from a tax point of view due to
the flat-rate withholding tax," says Dr. Torsten Teichert, CEO of Lloyd
Fonds AG. "The new projects will boost our business volumes and drive our
Company's growth on a sustained basis. We are confident of being able to
double the current volume of assets under management from around EUR 1.4
billion to roughly EUR 3 billion in the medium term. This will be
accompanied by the clear expectation of rising revenues and profits in
future years."
Dividend of 7 cents per share proposed
At today's annual general meeting, the management of Lloyd Fonds AG will be
providing its shareholders with a first view of the new projects. At the
same time, they will be asked to approve a dividend of 7 cents per share
for last financial year.
In view of the amount held in the tax-recognized contribution account, the
planned dividend for 2015 is classified as a returned capital contribution,
meaning that no investment income tax or solidarity surcharge is payable on
it. Accordingly, the dividend to be approved will be paid from the tax-
recognized contribution account (Section 27 of the Corporate Tax Act) and
is thus normally not subject to tax for shareholders.
About Lloyd Fonds AG:
As an investment and asset manager, Lloyd Fonds AG has been specializing in
investments in alternative real assets and investment products as well as
the professional management of these investments for over 20 years. To
date, the Hamburg-based company has initiated investment products worth
around EUR 5 billion. Currently, it particularly manages investments in the
areas of shipping, real estate, aircraft and renewable energies. Lloyd
Fonds has been listed on the Frankfurt stock exchange since 2005 (WKN
A12UP2, ISIN code DE000A12UP29).
Contact:
Susanne Maack
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: [email protected]
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20.07.2016 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.
Archive at www.dgap.de
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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Germany
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: [email protected]
Internet: www.lloydfonds.de
ISIN: DE000A12UP29
WKN: A12UP2
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart; Open Market (Entry Standard)
in Frankfurt
End of News DGAP News Service
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484029 20.07.2016
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