EANS-News: november AG
1. quarterly report 2010
Köln, 11.5.2010 (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
3-month report
november AG - On Schedule
november AG continues upswing / publication of consolidated results 1st quarter 2010
reduction of liabilities 3 Mio. EUR
restructuring of remaining loan portfolio into predominantly long-term
titles
stable liquidity
another significant equity increase by TEUR 2.522
consolidated sales revenues on schedule
consolidated break-even resultJanuary 2010, the november AG succeeded in negotiating additional loan reductions. Thereby, major shareholders waive a total of TEUR 2.197 loan repayments. The remaining loan liabilities were restructured into long-term deferment, long-term repayment or partial payments on the basis of a long-term payment plan. Thus, a considerable reduction of liabilities totalling TEUR 2.956 was achieved as compared to the previous year.
At balance sheet date March 31, 2010 the november group shows a liquidity of TEUR 685, despite considerable loan repayments in the amount of TEUR 614. This is an improvement over last year´s liquidity. Equity improved enormously by TEUR 2.522, primarily due to loan waivers of major shareholders and a capital increase.
The consolidated break-even results would have been even higher by TEUR 100 if it were not for consultancy fees for the evaluation of compensation claims and analysis of company acquisitions as well as costs involved with the capital increase.
For further information, we refer to our 1st quarter 2010 report, published on our homepage: http://www.november.eu/company-profile/reports.html
end of announcement euro adhoc
Further inquiry note:
Christoph Schmitz
Leiter Finanzen, Controlling
Tel.: +49 (0) 221- 820 05 20 -10
E-Mail: info@november.de
Branche: Biotechnology
ISIN: DE000A0Z24E9
WKN: A0Z24E
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade