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SLEEPZ AG — Earnings Release 2009
Apr 20, 2010
5817_rns_2010-04-20_1a6fae84-83b7-4e4e-89d5-59149f3a96e0.html
Earnings Release
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Ad-hoc | 20 April 2010 13:15
bmp AG: bmp records loss in 2009 of EUR 10.1 million; outlook positive for 2010
bmp AG / Final Results
20.04.2010 13:15
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
bmp AG: bmp records loss in 2009 of EUR 10.1 million; outlook positive for
2010
Berlin, 20 April 2010
The private equity manager bmp AG (ISIN DE0003304200) today released its
figures for the 2009 financial year.
Group turnover was EUR 1.5 million, more than 60% below the prior year's
figure of EUR 4.0 million, due to significantly reduced exit activity in
the investment business. This can be traced primarily to lower trade sale
activities in the wake of the global financial crisis.
The bmp Group ended the 2009 financial year with a considerably negative
net result of EUR 10.1 million (2008: EUR 0.2 million profit). The loss is
mainly due to write-downs on financial assets and securities totalling EUR
9.8 million. Of this, EUR 6.8 million is allocated to Revotar
Biopharmaceuticals AG alone. The company is not fully financed for 2010 and
thus subject to default if no financing solution is found in the near
future.
Despite the negative revenues, in 2009 bmp maintained a relatively constant
level of liquidity with EUR 3.2 million as at year-end (2008: EUR 3.4
million) and, at the same time, repaid EUR 0.6 million in liabilities from
refinancing to KfW Bankengruppe.
bmp has gotten off to a good start in 2010. It has already exceeded the
prior year's turnover by the partial sale of its shareholding in K2
Internet S.A. and selling its shareholding in Nokaut.pl Sp. z o.o., thereby
also reinforcing its liquidity. Moreover, after winning a Europe-wide bid
process in March, bmp received a mandate to manage a EUR 20 million early
stage fund in Brandenburg with a term of ten years. bmp will receive
quarterly management fees and also shares in the fund's profits.
For 2010, bmp anticipates a return to growth provided that business
developments continue to improve significantly.
The quarterly report will be published at www.bmp.com on 30 April 2010.
Information and Explaination of the Issuer to this News:
For further information:
Corinna Riewe
Investor Relations
[email protected]
Phone: +49-30-20 30 5 567
Fax: +49-30-20 30 5 555
bmp AG, Schlüterstraße 38, D-10629 Berlin
http://www.bmp.com
International securities identification number (ISIN): DE0003304200
This ad hoc report represents neither an offer nor a request for an offer
for the purchase of securities to be submitted - especially not in the USA
and not in countries or jurisdictions in which an offer, a request for an
offer for the purchase of securities to be submitted or the sale of
securities would not be permitted under the prevailing Securities Law
without prior registration or listing.
This ad hoc report represents neither an offer for the sale of shares made
out to the bearer nor a request for an offer for the purchase of shares to
be submitted. It is for information purposes only.
20.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: bmp AG
Schlüterstraße 38
10629 Berlin
Deutschland
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-555
E-mail: [email protected]
Internet: www.bmp.com
ISIN: DE0003304200
WKN: 330420
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg; Foreign
Exchange(s) Warschau
End of News DGAP News-Service