DGAP-News: Clere AG publishes Annual Report 2015 / 2016
28.09.2016
DGAP-News: Clere AG / Key word(s): Final Results
Clere AG publishes Annual Report 2015 / 2016
28.09.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
—————————————————————————
Bad Oeynhausen, 28 September 2016 – Clere AG has published its annual
report 2015 / 2016 today for the reporting period 1 July 2015 until 30 June
2016. The year elapsed was affected by the sale of the entire operating
business to the Stevanato Group. With their realigned focus on renewable
energy and financing of small and medium sized companies, the Group has not
yet started business operations.
The sale of the operational units had a positive effect on the consolidated
profit, thus Clere AG generated a profit of EUR 32.8 million.
Group earnings affected by gains connected with the disposal of operating
business
Through the disposal of the operating units and the consequential
reclassification of the sold operating business into “discontinued
operations”, no sales revenues are shown in the annual report – the
Clere Group will only generate sales revenues after the start of the future
business operations.
In the reporting period earnings before interest and taxes (EBIT) of the
continuing operations and before extraordinary items stood at EUR -3.5
million and after extraordinary items at EUR -6.7 million compared to
previous year’s EUR -6.0 million. This is mainly due to other operating
expenses, which amounted to EUR 5.9 million and were EUR 1.1 million higher
than in the previous year’s reporting period. They were primarily composed
of risen expenses for legal and consulting services as well as higher
expenses in connection with the Annual General Meeting and Extraordinary
General Meeting.
Due to the disposal of the operating units to the Stevanato Group, Clere AG
has generated a consolidated profit of EUR 32.8 million after a loss of EUR
-12.7 million in the previous year. Therefore the earnings per share
amounted to EUR 5.56 (previous year: EUR -2.16) – based on a number of
shares of 5,889,063 after the capital reduction.
The reduction of equity to EUR 143.8 million (previous year: EUR 234.1
million) results from the dividend payed in the amount of EUR 64.8 million
as well as the capital reduction in the amount of EUR 53.0 million. The
equity ratio thus fell to 66.4% (previous year: 88.1%).
On balance sheet date a total cash of EUR 172.5 million remain within the
Group. Thereby the Group possesses sufficient sources to establish the
future business.
Events after the reporting period
After the end of the reporting period the confirmation of the arbitration
proceedings through a US civil court concluded the legal dispute and the
parallel civil lawsuits successfully. Also, the pending labor class action
was finished with a mutual agreement. Thus all legal disputes in the USA
have come to a conclusion.
Clere AG has opened a new location in Berlin and has decided to relocate
the administration to Berlin. In the first quarter of the current financial
year, Clere has started successfully with their new business model by
subscribing secured coupon bonds in the amount of EUR 16.5 million.
“Our new business model accelerates: Within the next few months we will
focus on the new business model of Clere AG and examine new projects”, says
Thomas Krupke, Management Board member of Clere AG. “Further projects are
currently negotiated and shall contribute to the current financial year’s
earnings. In the long run this shall secure solid return of investments and
corresponding dividends”, adds Oliver Oechsle, Management Board member of
Clere AG.
Note to the publishers:
The annual report 2015 / 2016 can now be downloaded on the company’s
website www.clere.de.
Contact / contact person
Daniela Münster
Deekeling Arndt Advisors
Tel: +49 (0) 69 97098 511
Mobile: +49 (0) 174 335 8111
E-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 environmental and energy technology as well
as participation and financing of small and medium sized businesses.
www.clere.de
—————————————————————————
28.09.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
—————————————————————————
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
—————————————————————————
506417 28.09.2016