Talenthouse AG

Earnings Release • Nov 17, 2009

News Details

Ad-hoc | 17 November 2009 06:36

Significant increase in NAV, half-year profits of CHF 10.2 million

NEW VALUE AG / Half Year Results

17.11.2009

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

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Announcement regarding First Half of 2009/10 (as of September 30, 2009)

Significant increase in NAV, half-year profits of CHF 10.2 million

In the first half of the 2009/10 fiscal year (as of September 30, 2009),
New Value portfolio companies performed well overall in spite of the
challenging environment. The Net Asset Value (NAV) of the investment
portfolio, which is focused on young Swiss growth companies, increased as
of September 30, 2009, by 18.6% over the start of the reporting period to
CHF 79.64 million. NAV per share rose from CH 21.76 to CHF 24.28.
Operations centered on additional financing and the completion of an exit
transaction.

Portfolio management activities generated profits of CHF 10.2 million (same
period last year: CHF 3.0 million), corresponding to earnings per share of
CHF 3.39. This was primarily the result of strong performance by 3S
Industries AG since March 31, 2009; shares in 3S jumped 120% from CHF 9.95
on March 31, 2009, to CHF 21.90 on September 30, 2009. New Value also
completed its successful investment in Meyer Burger by selling all its
remaining shares in the solar company, thereby further contributing to
these positive results. Income from investments and loans totaled CHF 19.1
million (previous year: CHF 6.9 million). Expenses from investments and
loans increased over the same period last year to CHF 7.2 million (previous
year: CHF 2.5 million). These expenses include value adjustments for Idiag
and Bogar due to weaker-than-expected business performance. Operating
expenses remained stable at CHF 1.4 million.

New Value has enough financial resources to support the growth of the
existing portfolio. Between April and September, New Value completed four
growth financing initiatives totaling CHF 3.1 million. The beneficiaries
were Natoil, QualiLife, Idiag and Swiss Medical Solution.

Sunny skies continue for solar firms, Silentsoft ventures into cleantech
3S Industries AG continues to enjoy fast-paced growth, doubling its sales
once again from January to June. 3S also opened its own offices in Hong
Kong and Singapore, thus strengthening its presence in the important Asian
market.
In early September 2009, Solar Industries AG founded SI Solutions GmbH, a
provider of photovoltaic systems, in Puchheim, Germany. This move will
allow Solar Industries to grant its Italian production companies expanded
access to the German sales market.

Silentsoft SA posted an impressive increase in sales during the reporting
period. In May 2009, the company signed contracts for the installation of
over 1,200 telemetry systems, including high-profile projects in the cities
of Zurich and Winterthur. Silentsoft is also intensifying its efforts in
the 'Green Building' market segment in cooperation with EPFL Energy Center.

Portfolio strengthened and gradually expanded
During the reporting period, the proportion of renewable energies in the
overall portfolio grew to 48.8% (end of previous year: 35%). This was
followed by medical technology at 16.0% (previous year: 18.0%), information
technology at 13.2% (previous year: 14.7%) and health at 10.4% (previous
year: 20.5%) as the next most important sectors. As of September 30, 2009,
liquid assets and financial assets totaled CHF 6.9 million or 8.6% of the
portfolio. These funds will be invested in strengthening and promoting the
growth of current as well as selected new investments, namely in the
cleantech and health segments. New Value seeks to take advantage of the
current low-price buying phase.

Information about New Value AG
New Value, officially listed at the SIX Swiss Exchange, invests directly in
promising private companies in Switzerland and neighbouring countries with
above-average market and growth potential. As an investment company, New
Value promotes innovative business models with venture capital and
accompanies those to market success. The portfolio covers companies of
different stages of development, starting with the market introduction
phase up to medium-sized enterprises with stable profits. A broad
investment approach is deliberately followed regarding industry sectors.
The portfolio contains companies active in renewable energy, medical
technology, health, information technology and new materials. New Value
assigns great value to ethical business concepts and good corporate
governance while selecting their portfolio companies. Criteria such as
meaningfulness, social responsibility and ecological sustainability are
considered by New Value as decisive competitive advantages, which affect
and enhance the quality of products and services offered and thus,
facilitate an above average increase of value potential. Since the
formation of New Value, EPS Value Plus AG, Zurich, has served as investment
manager.

Contact:
Marcel Rogenmoser

17.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info@newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
WKN: 552932
Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Open
Market in Frankfurt; Foreign Exchange(s) SWX

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