Corporate | 28 February 2007 11:36
Deutsche Effecten- und Wechsel- Beteiligungsges. AG / Final Results
Release of a Corporate-announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- DEWB records an eventful business year. Net result for the year
tripled.
- High potential through leveraged buyout of KSW Microtec AG.
- DEWB examines new investment opportunities.
Jena, February 28th 2007. Deutsche Effecten- und
Wechsel-Beteiligungsgesellschaft AG (DEWB AG, ISIN DE0008041005) posted
sales of 17.7 million Euros in the 2006 business year. The sale of the
listed shares in MediGene AG and SMSC accounted for 8.7 million Euros, with
8.8 million Euros coming from trade sales. The trade sales resulted
primarily from the sales of shares in KSW Microtec AG, Erste DEWB
Vermögens-verwaltungs AG and unique m.o.d.e. AG.
In the investment business the company posted a gross result of 5.3 million
Euros (2005: 2.8 million Euros). DEWB succeeded in generating a positive
result from all the exits in the year covered by the report. Value
adjustments in the investment business in the 2006 business year totaled
0.7 million Euros and are consequently well down on the figure of 11.2
million Euros in the previous year.
Administration costs in the reporting year at 1.9 million Euros, were 14
percent lower than in 2005.
Thus DEWB posted an EBIT (earnings before interest and taxes) of 3.5
million Euros compared with 1.9 million in the previous year. The marked
improvement in the financial result by comparison with the previous year,
of –0.3 million Euros (2005: -0.8 million Euros), reflects the significant
reduction in DEWB’s level of debt. DEWB recorded a result after tax of 3.1
million Euros for the 2006 business year (previous year: 1.1 million
Euros). This represents earnings per share of 0.20 Euros (2005: 0.07 Euros)
based on the 15,230,000 bearer shares issued.
As at the end of the year covered by the report DEWB had increased its
shareholding in KSW Microtec AG to 100 percent within the framework of a
leveraged buyout, markedly strengthening a promising position in its
investment portfolio. The company significantly increased the qualified
deal flow in 2006 and will continue to press ahead with the acquisition of
new investments.
The DEWB AG full 2006 business report will be presented on March 30th 2006.
Information in TEUR 2006 2005
Revenues 17,707 38,018
EBIT 3,467 1,949
Earnings after taxes 3,107 1,149
Earnings per share (in EUR) 0.20 0.07
Invested capital in the investment business 40,818 52,439
Shareholders’ equity 39,160 40,118
Equity ration (percent) 76.5 60.1
Equity per share (in EUR) 2.57 2.63
About DEWB: Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG
(DEWB AG) is an investment company which specializes in young and
established medium-sized companies in the field of optical technologies and
sensor systems within the region of Germany, Austria and Switzerland. We
provide support for strong growth companies in the form of shareholders’
equity, comprehensive expertise in corporate development and our sector
network.
Our interdisciplinary team, with years of experience in the acquisition,
development and sale of investment holdings, possesses commercial, legal
and financing know-how. What sets it apart from the rest is its
well-developed technical understanding of the target sectors. Since 1997 we
have invested more than 300 million Euros in 52 companies and realized more
than 400 million Euros through 32 exits, eight of which were in the form of
IPOs.
The company’s registered offices are located in Jena, one of the most
successful technology and science regions in Germany, with a long tradition
in the field of optical technologies and one of the most important European
centres for Photonics.
Contact:
Mirko Wäckerle
DEWB AG
Phone: +49 (0) 3641 573 3600
Fax: +49 (0) 3641 573 3610
E-Mail: ir@dewb-vc.com
www.dewb-vc.com
DGAP 28.02.2007
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Language: English
Issuer: Deutsche Effecten- und Wechsel- Beteiligungsges. AG
Leutragraben 1
07743 Jena Deutschland
Phone: +49 (0)3641 573 3600
Fax: +49 (0)3641 573 3610
E-mail: ir@dewb-vc.com
WWW: www.dewb-vc.com
ISIN: DE0008041005
WKN: 804100
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Stuttgart
End of News DGAP News-Service
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