29.09.2016
FinLab AG DE0001218063
DGAP-News: FinLab AG: Positive half-Year figures for FinLab AG as of 06/30/2016
DGAP-News: FinLab AG / Key word(s): Half Year Results
FinLab AG: Positive half-Year figures for FinLab AG as of 06/30/2016
29.09.2016 / 11:20
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Positive half-year figures for FinLab AG as of 06/30/2016
- IFRS net income in the first half year of EUR 0.4 million - IFRS
comprehensive income of EUR 0.6 million
- Positive portfolio performance
- Extremely positive forecast for the 2nd half of 2016 due to already
successfully completed financing rounds in the portfolio
Frankfurt/Main, 09/29/2016 - FinLab AG (ISIN: DE0001218063 / WKN: 121806 /
ticker symbol: A7A.GR) was able to achieve its expected net income of EUR
0.4 million in the first half of the year, thus keeping up with the
positive IFRS net income in the first half of last year (EUR 3.8 million).
This equals EUR 0.09 of profit per share. In terms of comprehensive income
under IFRS, including the revaluation reserve, FinLab AG was able to
generate profit of EUR 0.6 million (previous year: EUR 8.3 million). Under
German GAAP (HGB), net income in the first half of the year was EUR 0.6
million (previous year: EUR 4.2 million). Accordingly, the Net Asset Value
(NAV) as of 08/31/2016 increased to EUR 14.83 per share as compared to EUR
12.12 per share as of 12/31/2015.
In April of this year, FinLab invested in the Darmstadt-based security
pioneer AUTHADA. AUTHADA technology allows secure, virtual authentication
of people in just a few seconds thanks to official verification of master
data via a cell phone and a personal identity card.
Also in April, the Berlin-based fintech start-up Kapilendo AG merged with
the FinLab subsidiary Venturate AG under the Kapilendo name. Kapilendo now
is the leading German platform to combine crowd-lending with crowd-
investing. The new products include both classic loans to small and medium-
sized enterprises, as well as investments in start-up companies. Following
this transaction and a parallel capital increase, FinLab now holds 28% of
Kapilendo.
Two additional events that took place in July 2016 - so after half year end
- will have very positive effects and lead to a clear increase in value
under the IFRS financial statements in the second half of 2016. The first
is the capital increase of the Hamburg-based fintech company Deposit
Solutions, which increased its company value to over EUR 100 million, more
than four times what it was worth when FinLab first invested in it in
September of last year. The second is a new investment round at
nextmarkets, the innovative e-learning platform for retail investors active
on the stock exchange. Among others, US star investor Peter Thiel
participated in both financing rounds.
The FinLab investments Heliad Equity Partners GmbH & Co. KGaA and Patriarch
Multi-Manager GmbH also performed well in the first half of the year.
Patriarch Multi-Manager GmbH's assets under administration are over EUR 225
million and Heliad Equity Partners' portfolio exhibited very impressive
operating performance.
FinLab management member Kai Panitzki explains: "We are very pleased with
the performance of our investments. The operating success and the increases
in valuation, in particular the just completed financing rounds of Deposit
Solutions and nextmarkets in July 2016, confirm our strategy of investing
early on in a company's history, and continuously supporting our portfolio
companies with tangible value-add and a strong network of strategic
partners."
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and one of the largest company
builders and investors focused on the Financial Services Technologies
("fintech") sector in Europe. 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.
Media contact:
FinLab AG
Kai Panitzki
[email protected]
Telefon: +49 (0) 69 719 12 80 - 0
---------------------------------------------------------------------------
29.09.2016 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
---------------------------------------------------------------------------
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, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
---------------------------------------------------------------------------
507055 29.09.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
FinLab AG ISIN: DE0001218063 können Sie bei EQS abrufen
Beteiligungen , 121806 , A7A , XETR:A7A