LAIQON AG — Earnings Release 2009

Nov 12, 2009

News Details

Corporate | 12 November 2009 07:30

Lloyd Fonds AG publishing report on the third quarter – realignment beginning to bear fruit

Lloyd Fonds Aktiengesellschaft / Quarter Results

12.11.2009

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Hamburg, November 12, 2009. Investment fund initiator Lloyd Fonds AG has
today published its interim report on the third quarter as scheduled. The
Company had already announced at the end of October that its business
performance in the third quarter had come under pressure from muted demand
for closed-end funds and a series of exceptionals against the backdrop of
the global economic crisis and the slump in shipping markets. As a result
of exceptionals of EUR 14.63 million, Lloyd Funds AG sustained a loss at
the EBIT level of EUR 14.59 million (year-ago period EBIT of EUR 2.22
million). These exceptionals were chiefly due to impairment losses
recognized on receivables and shares in associates. Accordingly,
non-recurring effects totaled EUR 17.03 million in the first nine months.
This results in an EBIT for the same period of minus EUR 22.00 million
(year-ago period 5.61 million Euro). This translated into a post-tax loss
of EUR 24.18 million in the period from January through September (year-ago
period net profit of EUR 3.80 million) on sales of EUR 13.21 million
(year-ago period EUR 45.48 million). Total assets contracted by some 34
percent compared with the end of last year. With equity standing at EUR
40.58 million, Lloyd Fonds thus has a high equity ratio of 54.5 percent,
which is above the industry average.

'The nine-month figures shows that Lloyd Fonds was unable to shield itself
from the adverse economic and market conditions,' said CFO Michael F.
Seidel. 'However, the positive effects arising from the reduction in
contingent liabilities and liability risks, the ongoing focus on real
estate, shipping and transportation products as well as sustained cost cuts
will not make them-selves felt until 2010.' In addition, Lloyd Fonds is
working with all parties involved to reduce its risk exposure, e.g. in the
ship pipeline, and to optimize its funding structures.

Lloyd Fonds AG's full interim report on the third quarter is available in
the Investor Relations section of its website at www.lloydfonds.de.

About Lloyd Fonds AG:
Lloyd Fonds AG is one of the leading arrangers of closed-end investment
fund products in Germany and Austria. Since 1995, the Hamburg-based company
has initiated 100 funds with an investment volume of around EUR 4.5
billion. Lloyd Fonds specializes in tangible asset investments in the real
estate, shipping and transportation segments. To date, more than 52,000
subscribers have placed equity of over EUR 52.000 billion in Lloyd Fonds AG
investment funds. Lloyd Treuhand GmbH is responsible for managing the
Group's relations with its subscribers. Lloyd Fonds has been listed on the
Frankfurt stock exchange since 2005 (WKN 617487, ISIN Code DE0006174873).

Lloyd Fonds AG contact information:
Amelungstraße 8 - 10, 20354 Hamburg, www.lloydfonds.de
Press: Stefanie Martens
Tel: 040.32 56 78-133 or -205. Fax: 040.32 56 78-99.
E-Mail: stefanie.martens@lloydfonds.de
Investor Relations: Carolin von Below
Tel: 040.32 56 78-127 or -148. Fax: 040.32 56 78-99.
E-Mail: carolin.von-below@lloydfonds.de

12.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Deutschland
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: info@lloydfonds.de
Internet: www.lloydfonds.de
ISIN: DE0006174873
WKN: 617487
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart

End of News DGAP News-Service

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