Earnings Release • Jun 29, 2012
Earnings Release
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News Details
Ad-hoc | 29 June 2012 07:00
NEW VALUE AG: Annual result 2011/12
NEW VALUE AG / Key word(s): Final Results
29.06.2012 07:00
/
Press Release
New Value's Annual Result 2011/2012 (as of March 31, 2012)
Baar, June 29, 2012 - The reporting year 2011/12 turned out to be the worst
in the history of New Value. The transactions of Rolf Wägli, the former
President of the Board, led to major value adjustments.
In the financial year 2011/12 New Value had to take huge losses. The Net
Asset Value (NAV) of New Value as per March 31, 2012 decreased to CHF 18.32
million (previous year CHF 63.16 million). Accordingly, the NAV per share
decreased to CHF 5.90 from CHF 21.01 at the beginning of the period. This
corresponds to a decrease of 72%. New Value recorded in total a loss of CHF
44.1 million in the financial year 2011/12 (previous year loss of CHF 10.3
million). The loss per share amounted to CHF 13.95.
On June 29, 2012 SIX Swiss Exchange has announced that they have led an
investigation against New Value concerning the breach of relevant
accounting regulations. Based on their findings they imposed a sanction.
Basically SIX Swiss Exchange objected to the fact that the controversial
transactions of Rolf Wägli had not been properly shown in the books.
New Value will publish its annual report 2011/12 with detailed information
on year-end results on June 29, 2012, after the closing of the stock
market. The report will only be published on the website of New Value and
only in german. The General Meeting will take place on August 15, 2012.
Additional information about New Value
New Value, which is listed on the SIX Swiss Exchange, invests directly in
private companies with above-average market and growth potential in
Switzerland and neighbouring countries. New Value provides the venture
capital to promote innovative business models and supports the companies
until they achieve market success. The portfolio includes companies at
various stages of development. The companies included in the portfolio are
from the cleantech and healthcare sectors.
Stock exchange listings: SIX Swiss Exchange (www.six-swiss-exchange.com)
Xetra, Open Market Frankfurt, Berlin, Düsseldorf, Stuttgart and
Munich
Ticker symbols NEWN (CH), N7V (D)
Security number 1 081 986
Security ID number 552 932
ISIN CH0010819867
Contact New Value AG, Zugerstrasse 8a, CH-6340 Baar
Dr. Bernd Pfister
Tel. +41 43 344 38 38
[email protected]
Information/
downloads www.newvalue.ch Email: [email protected]
29.06.2012 News transmitted by EquityStory AG.
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Language: English
Company: NEW VALUE AG
Zugerstrasse 8a
6340 Baar
Switzerland
Phone: +41 43 344 38 38
Fax:
E-mail: [email protected]
Internet: www.newvalue.ch
ISIN: CH0010819867
Swiss Security Number: 552932
Listed: Freiverkehr in Berlin, Düsseldorf, München,
Stuttgart; Open Market in Frankfurt; SIX
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