- Net profit of € 0.1 million for the first nine months of 2014
- Net asset value (NAV) of 98 cents per share (previous year: 95 cents per share)
Berlin, 16 October 2014 - The venture capital company bmp media investors AG (ISIN DE0003304200) published today its figures for the first nine months of 2014 in accordance with IFRS.
Despite a negative development in the prices of the two listed holdings, bmp media investors AG generated a profit of € 0.2 million in the third quarter of 2014, as the investment portfolio as a whole continued to develop positively. It thus closed the first nine months of the current financial year – after a half-year loss of € 0.1 million – with a net profit of € 0.1 million (previous year: € 0.9 million).
Revenue from the sale of investments remained low at € 0.1 million (previous year: € 0.4 million), as there were no major investment sales. The net asset value (NAV), corresponding to equity under IFRS, amounted to € 20.2 million (previous year: € 17.9 million) or € 98 per share (previous year: € 0.95 per share) as at 30 September 2014. The equity ratio was 96% (previous year: 99%).
Cash and cash equivalents including marketable securities amounted to € 3.8 million as at 30 September 2014 (previous year: € 5.4 million). Bank balances fell from € 1.2 million as at 30 September 2013 to € 0.1 million as at the reporting date.
Rounds of financing were carried out with external partners in the third quarter, including for the holdings sleepz, dailyme.tv and iversity. The Executive Board expects one or two exits from the portfolio in the fourth quarter and still anticipates a net profit for the year.
The report on the first nine months will be published on 28 November 2014 at www.mediainvestors.com.
For further information:
Phone: +49-30-20 30 5 567
International securities identification number (ISIN): DE0003304200
This ad hoc report represents neither an offer nor a request for an offer for the purchase of securities to be submitted – especially not in the USA and not in countries or jurisdictions in which an offer, a request for an offer for the purchase of securities to be submitted or the sale of securities would not be permitted under the prevailing Securities Law without prior registration or listing.
This ad hoc report represents neither an offer for the sale of shares made out to the bearer nor a request for an offer for the purchase of shares to be submitted. It is for information purposes only.