26.08.2014 Navigator Equity Solutions SE  NL0009538008

DGAP-News: Navigator Equity Solutions SE: Navigator Equity Solutions SE announces 2014 first half year results - Earnings after taxes: 1.1m euros - Forecast for 2014 confirmed


 
DGAP-News: Navigator Equity Solutions SE / Key word(s): Half Year Results Navigator Equity Solutions SE: Navigator Equity Solutions SE announces 2014 first half year results - Earnings after taxes: 1.1m euros - Forecast for 2014 confirmed 26.08.2014 / 09:46 --------------------------------------------------------------------- Corporate News: Navigator Equity Solutions SE announces 2014 first half year results - Earnings after taxes: 1.1m euros - Forecast for 2014 confirmed Waalre, August 26, 2014- Navigator Equity Solutions SE is pleased to announce its financial results for the first half year of 2014. In the first half year of 2014, Navigator Equity Solutions SE generated total (net) revenues of 10.1m euros (1st HY 2013: 9.6m euros). The gross margin was unchanged year-on-year and amounted to 6.5m euros (1st HY 2013: 6.5m euros). The Group's operating result (EBIT) amounted to 0.1m euros (1st HY 2013: 0.1m euros). Earnings after taxes rose significantly to 1.1m euros (1st HY 2013: 0.1m euros), a tenfold increase resulting from a positive financial income. The good result of IT Competence Group SE contributed to this positive effect and also the sale of our stake in Catalis SE that took place in May 2014. As of June 30, 2014, the Navigator Equity Solutions SE balance sheet total amounted to 8.5m euros (End of 2013: 8.4m euros). The group's total fixed assets was unchanged at 1.0m euros (2013: 1.0m euros). Current assets increased from 7.4m euros at the end of December, 2013, to 7.5m euros. Total equity was up to 5.3m euros (2013: 4.2m euros). This improves the equity ratio of Navigator Equity Solutions SE from 50.0% as at 31 December 2013 to 62.2%. Robert Käß, CEO of Navigator Equity Solutions SE, commented: "I am pleased to inform you that we are well on track and that I am very happy with our performance. In view of the extremely positive development we have experienced over the past months, I am convinced that we will meet our financial targets. However, there are still many areas that require an improvement. We will continue to optimize costs and processes in the coming months. I am confident in the future of Navigator Equity Solutions SE." Based on the positive operating outlook (June 2014), Navigator Equity Solutions SE is continuing to forecast consolidated turnover of between EUR 23m and EUR 25m and earnings before taxes of more than EUR 1.5m . You can find the report for the first half year of 2014 at the beginning of September and other information about Navigator Equity Solutions SE on the Internet by going to www.navigator-equity.com. For further questions please contact our Investor Relations team directly: Navigator Equity Solutions SE Investor Relations t.: +49 89-244118-223 f.: +49 89-244118-228 [email protected] --------------------------------------------------------------------- 26.08.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Navigator Equity Solutions SE Laan van Diepenvoorde 3 5582 LA Waalre Netherlands Phone: +49 89 244118-414 Fax: +49 89 244118-499 E-mail: [email protected] Internet: www.navigator-equity.com ISIN: NL0009538008 WKN: A1CUJD Listed: Freiverkehr in München (m:access), Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 283891 26.08.2014