- FinLab publishes preliminary figures for financial year 2018
- Profit above EUR 9 million according to German GAAP (HGB)
- Heliad KGaA share price performance has negative impact on IFRS results
Frankfurt am Main, April 2, 2019 - FinLab AG (WKN 121806, ISIN DE0001218063, Ticker A7A.GR) reports very strong financial results for the 2018 financial year, according to reviews of preliminary figures.
The preliminary net profit for FinLab, which is derived in accordance with IFRS standards, has improved over the prior period by EUR 2.7 million to EUR 16.9 million (previous year: EUR 14.2 million). The preliminary overall profit (IFRS) fell by EUR -3.7 million (previous year: EUR 30.8 million) due to negative share price performance of Heliad Equity Partners GmbH & Co. KGaA.
The preliminary net asset value (NAV) per share of FinLab decreased slightly from EUR 20.83 per share to EUR 20.44 per share. The company's preliminary equity (IFRS) amounts to EUR 106.3 million (previous year: EUR 103.9) indicating an equity ratio of 98.2% (previous year: 97.9%).
According to German GAAP (HGB), FinLab AG has achieved a preliminary result of EUR 9.1 million (previous year: EUR 1.8 million), which marks the best result in the firm's history.
All figures are preliminary. The annual report is expected to be published on April 12, 2019 on www.FinLab.de in the Investor Relations section.
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A.GR) is one of the first and largest company builders and investors focused on the Financial Services Technologies ("FinTech") sector in Europe. FinLab focuses on developing German FinTech startups and providing venture capital for their financial needs, whereby 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.
Phone: +49 69 719 12 80 147
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