Earnings Release • Jun 26, 2015
Earnings Release
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News Details
Ad-hoc | 26 June 2015 06:56
NEW VALUE AG: Year-end report financial year 2014/15
NEW VALUE AG / Key word(s): Final Results
2015-06-26 / 06:56
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
/
Press Release
New Value’s Annual Result 2014/15 (as of March 31, 2015)
Baar, June 26, 2015 – Focus on realizing the harvesting strategy
After the clarification of shareholder positions, the Board of Directors of New Value AG can concentrate again on the implementation of its harvesting strategy. In the fiscal year 2014/15 talks with potential buyers of portfolio companies were started. These talks continue during the financial year 2015/16. Intensive discussions are also being held with the D&O-insurance of the former Directors to enforce New Value’s claim for damages.
Since the profits and losses of venture capital equity investments and loans balanced each other, the loss of the fiscal year 2014/15 consists mainly of the operating expenses.
The Net Asset Value (NAV) of New Value AG as per March 31, 2015 decreased to CHF 8.55 million (previous year CHF 9.15 million). The NAV per share decreased accordingly from CHF 2.93 at the beginning of the period to CHF 2.63. New Value AG recorded in total a loss of CHF 0.85 million in the financial year 2014/15 (previous year loss of CHF 0.58 million). The loss per share amounted to CHF 0.27.
New Value AG will publish its annual report 2014/15 with detailed information on year-end results today. The report will only be available on the website of New Value AG ( www.newvalue.ch/index.php?id=19&L=1 ) and only in German.
The Annual General Shareholders Meeting will take place on August 20, 2015.
About New Value
New Value AG, which is listed on the SIX Swiss Exchange, invests directly in private companies with strong growth potential in Switzerland and neighbouring countries. New Value AG provides growth capital to promote innovative business models and supports the companies to market success. The companies included in the portfolio are mainly related to the cleantech and healthcare sectors.
Stock exchange listings: SIX Swiss Exchange (www.six-swiss-exchange.com)
Ticker symbols NEWN (CH)
Security number 1 081 986
ISIN CH0010819867
Contact New Value AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland
Dr. Bernd Pfister
Phone +41 43 344 38 38
Information/
downloads www.newvalue.ch Email: [email protected]
End of ad hoc announcement
2015-06-26 News transmitted by EQS Schweiz AG. www.eqs.com – news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
| 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 |
| Valor: | 552932 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; SIX |
| End of News | EQS Group News-Service |
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| 372331 2015-06-26 |
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