LAIQON AG - Earnings Release 2017

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Ad-hoc | 1 September 2017 17:37

Lloyd Fonds AG scaling back forecast for 2017

Lloyd Fonds Aktiengesellschaft / Key word(s): Profit Warning

01-Sep-2017 / 17:37 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Ad hoc bulletin

Lloyd Fonds AG scaling back forecast for 2017

Hamburg, September 1, 2017. Lloyd Fonds AG has lowered the forecast for its consolidated net profit for 2017, which it now expects to be lower than in the previous year.

There have been delays and changes in the planned projects in new business which may cause sales to decline. Thus, the “WohnWert” project for funding government-sponsored affordable housing was initially structured as a share-based limited partnership (KGaA). Now, however, the project will be taking the form of an open-end real estate fund, which is to be launched on the market at the end of the year. Similarly, other projects and transactions in the shipping and real estate segments will not be implemented this year contrary to original plans.

Lloyd Fonds AG now projects net profit for the year of around two million euros and assumes that major projects currently still in the pipeline will be executed next year.

Consolidated net profit for the period ending June 30, 2017 is expected to come to one million euros. The interim report on the first half of the year will be published on September 28, 2017.

Contact:

Susanne Maack

Capital Markets / PR

Lloyd Fonds AG

Amelungstraße 8-10

20354 Hamburg

Tel: +49-40-325678-132

Fax: +49-40-325678-99

Mail: [email protected]

01-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Lloyd Fonds Aktiengesellschaft
	Amelungstr. 8-10
	20354 Hamburg
	Germany
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:	DE000A12UP29
WKN:	A12UP2
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt