DGAP-News: Clere AG publishes Annual Report 2015 / 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


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.



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


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


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