06.09.2017 – 06:58

EEII AG

EQS-Adhoc: EEII AG publishes half-year results per 06-30-2017

EQS Group-Ad-hoc: EEII AG / Key word(s): Half Year Results
EEII AG publishes half-year results per 06-30-2017

06-Sep-2017 / 06:53 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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EEII AG publishes half-year result as of June 30, 2017

EEII recorded a loss of CHF 0,88 Mio. (HY 2016: loss of CHF 0,95 Mio.) for the
first half of 2017. During the reporting period, the fair value of all
investments decreased by 11,9 % or CHF 0,664 Mio. The intrinsic value (NAV)
contracted by 16,3 % from CHF 3,49 to CHF 2,92 per share during the first six
months of 2017.

The most relevant financial markets for EEII being Russia and Ukraine moved in
opposite directions during the observed period. Whereas the Russian equity
market performed rather poorly versus global indices (-13,1 % in USD) the
Ukrainian stock market showed inherent strength with a positive performance of +
33 % measured in local currency. Encouraging signals from the Ukrainian economy,
a phase of stable exchange rates and timid reforms, compensated for the
persistent political stalemate in the Donbass region. Despite this slightly
improved framework, onerous facts dominated, with corresponding negative impacts
for EEII's investment portfolio. The intrinsic value per share (NAV) retreated
by 16,3 % in the first half year of 2017 from CHF 3,49 to CHF 2,92 per share. In
absolute terms, EEII showed a book loss of CHF 0,88 Mio. (H1 2016: A loss of CHF
0,95 Mio.)

The major cause for disappointment was the negative equity performance of
Gazprom. The loss per share of approx. 26 % or CHF 0,9 Mio. could not be
entirely compensated by the positive performance of the other holdings and
EEII's operating cost reduction, (-24 % vs. the previous year).

To consult the full half-year report 2017, please refer to the information
published on the websitewww.eeii.chusing the link
-http://www.eeii.ch/reports/2017.html- for downloads.

For further information please contact:

Marcus H. Bühler, (Phone: + 41 44 552 43 41)
EEII is quoted at the Swiss Stock Exchange (SIX) (Bloomberg: EEII SW Equity)
 

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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  EEII AG

          Alpenstrasse 15

          6304  Zug

          Switzerland

Phone:    +41 41 729 42 80

Fax:      +41 41 729 42 29

E-mail:    info@eeii.ch

Internet: www.eeii.ch

ISIN:     CH0007162958

Valor:    940179

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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607095  06-Sep-2017 CET/CEST