Heliad Equity Partners GmbH & Co. KGaA Announces Preliminary Group and Parent Earnings Results for the Fiscal Year 2017; Provides Earnings Guidance for Fiscal Year 2017
The (preliminary) result for the period of the parent company (according to HGB) also improved significantly, amounting to EUR 3.4 million against loss of EUR 2.9 million a year ago. The (preliminary) net asset value (NAV) per share of Heliad increased accordingly by 45% from EUR 8.43 to EUR 12.20. The increase of the results is largely attributable to the higher stock price of FinTech Group AG and due to the profits from sale of shares of Finites Group AG.
The company expects significantly higher results for fiscal year 2017 compared to the previous year, after evaluation of the preliminary figures.