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bmp media investors AG: publication of figures for first quarter of 2013
- Net result of EUR 118 thousand
- One new investment in Q1 2013
- More new investments and a considerable earnings planned for 2013
bmp media investors AG (ISIN DE0003304200) is today announcing its figures under IFRS for the first quarter of 2013.
After a slight loss of EUR 18 thousand as of the end of the same period of the previous year, the company posted a profit of EUR 118 thousand as of the end of the first quarter of 2013. Since no exits took place, no revenue was generated from disposals (previous year EUR 200 thousand).
As of 31 March 2013, there was a net asset value, equal to IFRS shareholders' equity, of EUR 17.1 million (previous year EUR 18.6 million) or 91 cents per share (previous year 99 cents per share). This is slightly higher than the NAV as of 31 December 2012, which was 90 cents per share.
The equity ratio improved further, now standing at 94% as of the end of the reporting period (previous year 91%).
As of the end of the first quarter of 2013, cash and cash equivalents amounted to EUR 3.0 million. Due to investing activities, they were thus below the previous year's figure of EUR 5.2 million. There was a rise in listed securities over the previous year from EUR 2.9 million to EUR 4.3 million.
Following a new investment in department one GmbH, bmp media investors AG now has a stake in 17 companies in its core field, as of the end of the reporting period. Accordingly, the media & marketing services investment portfolio was expanded by seven investments year-on-year.
At least four further new investments are planned for the current business year. In view of the good condition of the portfolio and the high growth momentum in the investments, the Executive Board also anticipates one to two exits, a positive annual result and a significant rise in the net asset value.
The three-month report will be published on 31 May 2013 at www.mediainvestors.com.
This ad hoc report represents neither an offer nor a request for an offer for the purchase of securities to be submitted - especially not in the USA and not in countries or jurisdictions in which an offer, a request for an offer for the purchase of securities to be submitted or the sale of securities would not be permitted under the prevailing Securities Law without prior registration or listing.
This ad hoc report represents neither an offer for the sale of shares made out to the bearer nor a request for an offer for the purchase of shares to be submitted. It is for information purposes only.
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