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FinLab AG — Earnings Release 2014
Apr 27, 2015
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Earnings Release
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Corporate | 27 April 2015 08:00
FinLab AG: * FinLab AG publishes 2014 financial figures
FinLab AG / Key word(s): Final Results
2015-04-27 / 08:00
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– FinLab AG publishes 2014 financial figures
– Net profit according to German Commercial Code nears EUR 10 million
– Equity ratio 90%
– Outlook for 2015 also positive
Frankfurt am Main, 27.04.2015 – FinLab AG (ISIN: DE0001218063) today publishes its figures for FY 2014.
FinLab generated a net profit for 2014 in the financial statements prepared pursuant to HGB [German Commercial Code] of EUR 9.5 million (prior year EUR -1.8 million). This very good result was due both to the positive performance of the portfolio (particularly the sustained recovery in value of the investment in Heliad Equity Partners GmbH & Co. KGaA) and the successful exits, and also to the decrease in personnel costs and other operating expenses. The positive result for the year resulted in an increase in the equity ratio to 90% (prior year 76%). There were also increases in revenues to EUR 2.7 million (prior year EUR 1.4 million) and other operating income to EUR 10.3 million (prior year EUR 3.5 million).
In this annual report, FinLab AG records not only the completion of a prosperous financial year but also the successful conclusion of the restructuring phase initiated at the end of financial year 2012. With the start of the new financial year, the company’s specific focus, in addition to its continued core investments, is on Financial Services Technologies (“fintech”) investment business. Focus will be on developing German and international fintech start-ups and providing venture capital for their financing requirements, with the aim in all cases of having a long-term equity interest and providing support for the investments.
Financial year 2015 has begun very well for FinLab AG and management expects that the company will be able to generate another positive result this year.
The annual financial report is available for inspection at www.FinLab.de.
About FinLab AG:
The listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the largest leading company builders and investors concentrating on the Financial Services Technologies (“fintech”) sector. FinLab’s focus is the development of German fintech start-up companies and the provision of venture capital for their financing requirements, with the aim in all cases of having a long-term equity interest and providing support for the investments. In addition, FinLab invests globally in venture rounds in fintech companies, primarily in the USA and Asia.
Press contact:
FinLab AG
Telephone: +49 (0) 69 719 12 80 – 0
Contact:
FinLab AG
Tel: +49 69 719 12 80 0
E-Mail: [email protected]
2015-04-27 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | FinLab AG |
| Grüneburgweg 18 | |
| 60322 Frankfurt / Main | |
| Germany | |
| Phone: | +49 (0)69 719 12 80 – 0 |
| Fax: | +49 (0)69 719 12 80 – 011 |
| Internet: | www.finlab.de |
| ISIN: | DE0001218063 |
| WKN: | 121806 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News-Service |
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| 348611 2015-04-27 |