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LAIQON AG — Earnings Release 2008
Apr 21, 2009
5417_rns_2009-04-21_080a7366-449b-48e6-848c-c9c399f74942.html
Earnings Release
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News Details
Corporate | 21 April 2009 07:00
Lloyd Fonds AG looking forwards with muted optimism
Lloyd Fonds Aktiengesellschaft / Final Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
- Lloyd Fonds publishes annual report 2008
- Moderate recovery expected in the second half of 2009
- Focus on transportation and real estate
Hamburg, April 21, 2009. Against the backdrop of the crisis afflicting the
international financial markets and economy, investment fund initiator
Lloyd Fonds AG sustained a marked decline in revenues and earnings last
year. Thus, it recorded equity placements of EUR 278 million in 2008, down
from EUR 452 million in 2007. At the same time, sales contracted from EUR
90.1 million to EUR 48.1 million, resulting in a post-tax loss of EUR 4.6
million compared with post-tax earnings of EUR 20.2 million in the previous
year.
Dr. Torsten Teichert, CEO of Lloyd Fonds AG, is convinced of the company's
long-term stability: 'Even though we cannot expect any recovery in the
financial markets in the short term or an imminent return of investor
confidence, Lloyd Fonds has a stable and economically solid basis for the
future. In this year, we will be breaking even on equity placements of EUR
150 million. Thanks to the efficient cost-cutting program and the widening
proportion of non-issuing income, we have created the basis for steering
Lloyd Fonds safely through the current difficulties.'
'We are not able to tell when confidence will return to the markets,' says
Michael F. Seidel, CFO of Lloyd Fonds AG. 'What we can say with certainty,
however, is that with an equity ratio of 59 % we have very good equity
resources with which we will be able to weather even protracted weak spells
thanks to the precautions which we have taken. Thus, we will be able to
cover around 60 % of our fixed costs via recurring income in 2009.'
Focus on transportation and real estate
Under its new product strategy, the Hamburg-based investment fund initiator
will be concentrating on the two asset classes in which it has the greatest
knowledge and experience - transportation (shipping, aircraft and
secondary-market shares) as real estate. With this strategy, Lloyd Fonds is
underscoring its commitment to offering solid products with a simple
structure.
In addition, it will be continuing to adopt a cautions approach in its
forecasts. Values such as fairness and reliable continue to form material
parts of its corporate philosophy alongside transparency, security and
quality.
Moderate recovery in the markets expected in the second half of the year
Lloyd Fonds does not see any turnaround in the current conditions in the
first half of the year due to the lack of confidence in the markets and
resultant investor restraint.
However, the company expects a moderate recovery to emerge in the second
half of the year, With its new structures, clear market strategy and its
skilled and motivated employees, Lloyd Fonds has responded to the market
situation and will be able to react as soon as demand for closed-end funds
returns.
Financials Lloyd Fonds AG
in EUR million 2008 2007 +/- in%
Sales 48.1 90.1 -46.6
Non-issuing income 17.3 20.9 -17.2
EBIT -4.3 28.3 -115.2
Net profit/loss for the year -4.6 20.2 -122.8
EBIT margin in % -8.9 31.5 -40.4 Pts
Return on sales in % -9.6 22.4 -32.0 Pts
Equity 66.3 86.2 -23.1
Equity ratio in % 59.0 72.7 -13.7 Pts
Earnings per share (in EUR) -0.36 1.59 -122.6
Dividend per share (in EUR) - 1.30 -100
Headcount (annual average) 157 130 20.8
Contact:
Lloyd Fonds AG, Amelungstraße 8 - 10, 20354 Hamburg
Press: Stefanie Martens, Britta Cirkel (cirkel communications)
Phone: 040.32 56 78-133 / -205. Fax: 040.32 56 78-99.
E-Mail: [email protected] or [email protected]
Investor Relations: Carolin von Below, Dr. Götz Schlegtendal (Kirchhoff
Consult)
Phone: 040.32 56 78-127 / 148. Fax: 040.32 56 78-99.
E-Mail: [email protected] or [email protected]
21.04.2009 Financial News transmitted by DGAP
Language: English
Issuer: 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: [email protected]
Internet: www.lloydfonds.de
ISIN: DE0006174873
WKN: 617487
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service