- FinLab AG releases its preliminary results for 2015
- (Preliminary) annual net profits as per German Commercial Code (HGB): EUR 5.2 million
- (Preliminary) comprehensive income as per IFRS: EUR 15.4 million
- The equity ratio as per IFRS was 96%
- Outlook for 2016 is also positive
Frankfurt am Main, 03/23/2016 - FinLab AG (ISIN: DE0001218063; ticker symbol: A7A.GR) has released its preliminary results for fiscal year 2015.
In 2015, FinLab's (preliminary) annual net profits under terms set forth by the German Commercial Code (HGB) equaled EUR 5.2 million (EUR 9.5 million in fiscal year 2014). Its (preliminary) comprehensive income as defined by IFRS equaled EUR 15.4 million (EUR 10.5 million in fiscal year 2014), once again significantly surpassing the previous year's results.
These excellent results were due to positive portfolio performance - in particular appreciation in value of shares of Heliad Equity Partners GmbH & Co KGaA - and also increased revenues from services and performance fee income.
The positive annual results led the equity ratio as defined by IFRS to rise to 96% (94% in 2014). Total proceeds also increased to EUR 6.5 million (EUR 4.8 million in 2014), while personnel and non-personnel expenses were further reduced from EUR 4.3 million to EUR 2.4 million.
In addition to its existing core investments in the area of "Traditional Financial Services", FinLab has been focusing since the beginning of fiscal year 2015 in particular on "Financial Services Technologies" ("fintech"). In the fintech area, FinLab has already made successful investments in the crowd-funding platform Venturate, the deposit platform Deposit Solutions, and the trading and e-learning platform nextmarkets. Additional new investments will soon be concluded.
FinLab AG got off to a good start in fiscal year 2016, and management assumes that it will also generate positive results once again in 2016. In particular, several of FinLab's existing portfolio companies are preparing for new financing rounds, in which their value should be significantly higher than at the time FinLab invested in them.
FinLab's comprehensive annual financial report will be available at www.FinLab.de beginning on April 25, 2016.
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 on-going support of the investment. FinLab also invests globally, as part of venture rounds, in fintech companies, primarily in the USA and Asia.
Tel.: +49 (0) 69 719 12 80 - 0
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