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Abonner Leonardo Venture GmbH & Co. KGaA

Leonardo Venture GmbH & Co. KGaA

euro adhoc: Leonardo Venture GmbH & Co. KGaA
Financial Figures/Balance Sheet / Leonardo Venture reports positive results - Mannheim-based early-stage financier banking on expansion

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Venture Capital/Investments
19.03.2008
Leonardo Venture GmbH & Co. KGaA today published its provisional, 
unaudited results for 2007. The figures show that the company posted 
a profit per IFRS standards for the elapsed financial year of EUR 3.5
million, following a profit of EUR 5.2 million per IFRS for 2006. The
published profit is largely based on the pleasing operational 
development of the investment portfolio, which entailed a revaluation
of the portfolio companies. Outstanding here was the investment in 
VRmagic, which was valued at fair value. A valuation report by a 
public auditor underlined the associated realization of hidden 
reserves. The balance sheet total of Leonardo Venture increased 
through the revaluation and the capital increase by approx. 64% to 
EUR 48.4 million; the equity ratio amounts to approx. 99 %.
According to German Commercial Code (HGB) accounting standards, 
however, the company reported a loss of EUR 3.5 million. This is 
because the legal steps necessary at VRmagic could not be totally 
finalized during 2007. Under HGB reporting standards, this 
transaction thus only falls under the current 2008 financial year.
"The stock market is not honouring our asset values", comments Prof. 
Udo Wupperfeld, Managing Director of Leonardo Venture Capital GmbH, 
looking at the approx. 50% discount on the NAV of EUR 3.85. "We want 
to reduce that discount in 2008 and we are presently working on 
realizing various exits for that purpose."
In addition, Leonardo Venture is planning to expand its portfolio 
still further. Hand-in-hand with the successful capital increase 
carried out in October last year, the company switched to the Prime 
Standard on the Frankfurt securities exchange. "That step brought two
decisive advantages", explains Prof. Hans-Georg Köglmayr, Managing 
Director of Leonardo Venture Capital GmbH. "On the one hand we have 
the chance of better perception on the capital market. And on the 
other hand we will use the funds available to us to augment our 
portfolio by acquiring further promising companies."
end of announcement                               euro adhoc

Further inquiry note:

Sandra Schwarz
phone: +49 (0)621-8337515
E-Mail: schwarz@leonardoventure.de

Branche: Financial & Business Services
ISIN: DE0005878763
WKN: 587876
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade

Plus de actualités: Leonardo Venture GmbH & Co. KGaA
Plus de actualités: Leonardo Venture GmbH & Co. KGaA