DGAP-Adhoc: NEW VALUE AG: Annual Result 2012/13
14.06.2013 – 06:58
NEW VALUE AG / Key word(s): Final Results 14.06.2013 06:55 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- / Press Release New Value's Annual Result 2012/13 (as of March 31, 2013) Baar, June 14, 2013 - In the financial year 2012/13 the focus was on restructuring the company and the portfolio companies. With the necessary measures taken the basis has been laid for the targeted implementation of the value realization strategy. All the restructuring measures defined for the period under review were implemented and the company was stabilized. All shares in the portfolio company Swiss Medical Solution AG were sold and two minor stakes in other portfolio companies were disposed of. The bridging loans were repaid in full and liquidity obtained to ensure the continuation of the company. Operating costs were reduced significantly (-42% compared to the previous year). In the current financial year 2013/14 it is planned to further reduce operating costs by 37% compared to the year under review. In the financial year 2012/13 New Value had to take further losses primarily as a result of write-downs and impairments in the portfolio companies. The Net Asset Value (NAV) of New Value as per March 31, 2013 decreased to CHF 9.73 million (previous year CHF 18.33 million). Accordingly, the NAV per share decreased to CHF 3.11 from CHF 5.90 at the beginning of the period. New Value recorded in total a loss of CHF 8.65 million in the financial year 2012/13 (previous year loss of CHF 44.1 million). The loss per share amounted to CHF 2.78. New Value will publish its annual report 2012/13 with detailed information on year-end results today. The report will only be published on the website of New Value (www.newvalue.ch/index.php?id=19&L=1) and only in german. The General Meeting will take place on August 20, 2013. 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. New Value is implementing a value realization strategy and is no longer investing in new companies. 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 pfister@newvalue.ch Information/ downloads www.newvalue.ch Email: info@newvalue.ch 14.06.2013 News transmitted by EQS Group AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: NEW VALUE AG Zugerstrasse 8a 6340 Baar Switzerland Phone: +41 43 344 38 38 Fax: E-mail: info@newvalue.ch Internet: www.newvalue.ch ISIN: CH0010819867 Swiss Security Number: 552932 Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------