bmp media investors AG: Strong third quarter leads to positive nine-months result

Net profit for Q1-Q3/2013 of EUR 0.9 Million / Net asset value (NAV) of 95 cent/share after 87 cent/share in previous year

(PresseBox) ( Berlin, )
Today, the private equity company bmp media investors AG (ISIN DE0003304200) is releasing its nine-months figures for 2013 in accordance with IFRS.

Revenue from sales of investments amounted to just under EUR 0.4 Million (previous year: EUR 0.0 million). Thanks to a strong third quarter with a profit of EUR 1.3 million (previous year: EUR -0.2 million), net profit for the period amounted to EUR 0.9 million (EUR 0.05/share) and was thus considerably higher than the figure from the same period of the previous year of EUR -2.4 million (EUR -0.13/share).

The sale of mbr Targeting GmbH announced on 29 August 2013 did not take effect until 1 October 2013, meaning that both the revenue and the purchase price inflow from the transaction are attributable to the fourth quarter. However, the income generated from the sale is already included in the revaluation amount in the third quarter.

Net asset value (NAV), which corresponds to IFRS shareholders' equity, amounted to EUR 17.9 million as of 30 September 2013 (previous year: EUR 16.3 million) or EUR 0.95/share (previous year: EUR 0.87/share). The equity ratio was 99% (previous year: 93%).

As of 30 September 2013, liquid funds including marketable securities totalled EUR 5.4 million (previous year: EUR 8.0 million). Bank balances decreased from EUR 3.0 million to EUR 1.2 million. This is primarily due to the further expansion of the portfolio.

The media and marketing services portfolio consisted of 18 investments as of 30 September 2013. One or two new investments are to be made in the fourth quarter, but no further sales of investments are planned before the end of the year. The Executive Board continues to expect a positive annual result.

The nine-month report is to be published on 29 November 2013 at
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