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FinLab AG: Positive half year results for FinLab AG as of 06/30/2015

30-09-15
DGAP-News: FinLab AG: Positive half year results for FinLab AG as of 06/30/2015


DGAP-News: FinLab AG / Key word(s): Half Year Results

2015-09-30 / 08:00


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- Positive half year results for FinLab AG as of 06/30/2015

- IFRS net income in the first half year EUR 3.8 million and comprehensive income of EUR 8,3 million

- Increase in transparency by quarterly NAV-reporting and half year release of IFRS and HGB (German GAAP) figures

- Positive portfolio performance

Frankfurt am Main, 30.09.2015 -FinLab AG (ISIN: DE0001218063, WKN: 121806, Ticker: A7A.GR) was able to increase its net income under IFRS in the first half year 2015 to EUR 3.8 million, EUR 3.4 million more than in the previous year. This equals EUR 0.83 net income per share. Within comprehensive income under IFRS, it was even able to generate a profit of EUR 8.3 million (previous year: EUR 12.2 million) in the first half year. This positive development was due to an increase of the change of revaluation reserve mostly caused by our 47% stake into Heliad Equity Partners GmbH & Co. KGaA's positive share performance. Under German GAAP (HGB), net income even amounted to EUR 4.2 million (previous year: EUR 9.4 million).
Accordingly, the Net Asset Value (NAV) as of 06/30/2015 increased to 10.53 EUR/share after 8.70 EUR/share as of 12/31/2014. This equals an appreciation of the NAV of 21% in the first half year.

"We are very happy with our performance in the past two years", states FinLab Executive Board member Juan Rodriguez. "The half year results are mainly due to receipt of performance fees of approximately EUR 2.7 million, as well as approximately EUR 0.9 million composed of dividend payments from subsidiaries. In addition, the positive performance of our investments also increased our overall income."

In order to provide its shareholders with greater transparency in the future, FinLab AG will immediately begin publishing its net asset value (NAV) on a quarterly basis, and will also release its half year financial reports in accordance with IFRS additional to German GAAP. The German GAAP only allows capital gains on investments to be accounted for up to the amount of their acquisition cost. IFRS, however, allows them to be booked at fair value - i.e. their true market value - and so gives an impression of the realistic potential

In the first half year, all of FinLab's investments performed very well:

- The launch of nextmarkets GmbH's trading and e-learning platform is scheduled for the fourth quarter of this year. On that platform, clients will be able to choose among excellent, independent trading coaches (twelve top experts have already committed themselves), and a number of trading strategies. Its business model is highly scalable for both the web and mobile end-user devices. An extensive partnership with one of the largest German online brokers is in preparation.

- The goal of "Curated Crowdfunding", Venturate AG's unique, Europe-wide business model, is to ensure high quality standards during the selection of investments by including an experienced business angel as "deal captain". It has now successfully concluded its first financing project with Twinkind AG, a pioneer in the 3D photo figurine growth market, and the results achieved have greatly exceeded expectations.

- Patriarch Multi-Manager GmbH's first half year results as of 30.06.2015, and its assets under management (approximately EUR 220 million), were above those in the previous year. Patriarch is a distributor of innovative and excellent wealth-management and retirement-plan products based on a fund-of-funds investment approach. Its particular speciality is the creation and tailoring of individual financial product solutions for Independent Financial Advisors.

- Heliad Equity Partners GmbH & Co. KGaA, an investment company specialising in rapidly growing medium-sized companies in German-speaking countries, is performing impressively, as indicated by the continued positive performance of its stock in both 2014 and 2015. Since Heliad's NAV rose to EUR 10.10 per share by the end of June, FinLab management believes that its stock has significant potential to increase further in price. As of 30.06.2015, Heliad shares have been quoted at 5.24 EUR per share. This year Heliad paid dividends for the first time, and its management has instituted a policy of continuing to issue dividends in the future. This means additional annual cash flow for FinLab.

FinLab AG's newest venture is the Hamburg-based company Deposit Solutions GmbH, in which Finlab invested EUR 3.0 million in September 2015. Deposit Solution's COMONEA platform offers banks for the first time a full-service solution to gather cross-border European retail deposits without the need to operate their own retail infrastructure. FinLab Executive Board member Kai Panitzki: "Deposit Solutions is one of the few fintech start-ups in Germany totally disrupting the banking landscape."

In what remains of the year, FinLab Executive Board member Stefan Schütze expects the current dynamic developments to continue. Schütze: "In the future, our investment strategy will focus even more particularly on fintech companies that disrupt the financial services market with their highly innovative concepts. We are in particular interested in German fintech start-ups in the early stage of development." The goal is to fully use FinLab's strengths: Extensive knowhow and resources in the general area of financial services, but also in the classic investment business (start-ups), combined with a strong network of partnerships that benefits FinLab's portfolio companies.

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. 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, Member of the Management Board
investor-relations@finlab.de
Phone: +49 (0) 69 719 12 80 - 0




Contact:
FinLab AG
Kai Panitzki
Tel: +49 69 719 12 80 0
E-Mail: investor-relations@finlab.de




2015-09-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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398581  2015-09-30