DGAP-News: CLERE AG started with new business model in first quarter 2016 / 2017
09.11.2016
DGAP-News: Clere AG / Key word(s): Quarter Results
CLERE AG started with new business model in first quarter 2016 / 2017
09.11.2016 / 07:37
The issuer is solely responsible for the content of this announcement.
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Bad Oeynhausen, 9 November 2016 – Today CLERE AG has published its report
on the first quarter 2016 / 2017 for the period of 1 July to 30 September
2016. In the reporting period the Group has made first investments within
their new business model and has acquired bearer bonds in the amount of EUR
16.5 million. Besides, the first quarter was affected by ongoing litigation
and the reorganization of internal structures for the new strategic
alignment.
Initial revenues in the new business area
After the start of the new business activity of CLERE AG in the area of
financing of small and medium sized companies, initial revenues were
generated in this area in the amount of EUR 0.2 million, resulting from
deferred interest.
Earnings before interest and taxes (EBIT) of the continuing operations
amounted to EUR -1.6 million in the reporting period and were thereby below
previous year’s EUR -0.7 million. This was mainly due to other operating
expenses from ongoing litigation and expenses from releasing currency.
The slightly positive net financial result of EUR 0.1 million fed through
to earnings before taxes (EBT) of EUR -1.5 million, and were thus almost at
the level of the year prior (EUR -1.4 million). After taxes the Group loss
of the quarter amounted to EUR -1.6 million after EUR -0.6 million in the
previous year period. This results in earnings per share of EUR -0.27 after
EUR -0.10 in the reference period.
As of 30 September 2016 Group equity was reduced by EUR 1.9 million to EUR
141.9 million, which corresponds to an equity ratio of 66.3 % (30 June
2016: 66.4 %).
At balance sheet date a total of EUR 157.7 million of cash remained in the
Group. Therefore sufficient funds remain for investments in further new
business areas.
After the reporting period, CLERE AG again invested in the area of
financing of small and medium sized companies and acquired further bearer
bonds in the amount of EUR 4.2 million. Besides, the capital reduction was
paid out to the shareholders in October 2016.
“In the first quarter of the new financial year, we were able to achieve a
few milestones regarding the new CLERE AG: We have executed first
investments within the new business area and have built up and expanded our
operation and our team in Berlin” states Thomas Krupke, Executive Board
member of CLERE AG. “On this basis the Group can now focus increasingly on
the operational business and the investments in energy and environmental
technology assets as well as financing of small and medium-sized companies
and thus can generate further revenues within this new business area” adds
Oliver Oechsle, Executive Board member of CLERE AG.
Note to the publishers:
The report in the first quarter 2016 / 2017 can now be downloaded on the
company’s website www.clere.de.
Contact / contact person
Christin Preß
CLERE AG
Tel: (+49) 30-213 0043-0
Mail: ir@clere.de
Daniela Münster
Deekeling Arndt Advisors
Tel: (+49) 30-213 0043-0
Mobil: (+49) 174 335 8111
Mail: daniela.muenster@deekeling-arndt.de
About CLERE
After the sales of the operating business of the “old Balda AG”, the new
business model of CLERE AG business model will be about investments and
shareholdings in the field of energy and environmental technology as well
as participation and financing of small and medium sized businesses.
www.clere.de
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09.11.2016 Dissemination of a Corporate News, transmitted by DGAP – a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
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Language: English
Company: Clere AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
E-mail: info@clere.de
Internet: www.clere.de
ISIN: DE000A2AA402
WKN: A2AA40
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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518751 09.11.2016