EQS-Adhoc: NEW VALUE AG: Halfyear-report FY 2015/16
27.11.2015 – 07:08
EQS Group-Ad-hoc: NEW VALUE AG / Key word(s): Half Year Results NEW VALUE AG: Halfyear-report FY 2015/16 27.11.2015 / 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- / Press Release Financial statements of New Value AG for the first six months of the financial year 2015/2016 (as per 30.09.2015) Baar, 27 November 2015 -Progress in the harvesting strategy During the first half of the financial year 2015/16, contacts with potential buyers of portfolio companies were intensified, with the goal to realize a first sale in the current financial year. The claims from New Value AG against the former members of the Board of Directors, the former auditing company and the bank involved were sold in order to secure the long-term continuity of this legal case. This also helped in strengthening the financial situation of the company as this sale resulted in an immediate cash in-flow for New Value AG. The contract is designed such that New Value AG will participate with a substantial share in the future proceeds from any agreement or court proceedings. The first payments from this sale of claims resulted in a profit for the first half year of the financial year 2015/16. The equity value, equivalent to the Net Asset Value (NAV) of New Value AG, amounted to CHF 8.85 million as per 30.09.2015 (CHF 8.55 million as per 31.03.2015). The NAV per share rose from CHF 2.63 at the beginning of the period to CHF 2.69. New Value AG reported a total profit of CHF 0.24 million for the first six months of 2015/16, compared to a loss of CHF 0.3 million in the previous year in the same period. The profit per share amounted to CHF 0.07. The Half Year Report of the financial year 2015/16 contains detailed information on the financial statements for the first six months and will be published in electronic form on New Value's website and in German only (www.newvalue.ch/index.php?id=19&L=0). 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 listingSIX Swiss Exchange (www.six-swiss-exchange.com) Ticker symbolNEWN (CH Security number1 081 986 ISINCH0010819867 ContactNew Value AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland Dr Bernd Pfister Phone +41 43 344 38 38 pfister@newvalue.ch Information/ downloadswww.newvalue.chEmail:info@newvalue.ch End of ad hoc announcement -------------------------------------------------------------------------------- 27.11.2015 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: info@newvalue.ch 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 -------------------------------------------------------------------------------- 417919 27.11.2015