lloyd fonds ag (L1O) Snapshot

Lloyd Fonds AG, Special/Extraordinary Shareholders Meeting, Apr 10, 2013.

Lloyd Fonds AG reported consolidated earnings results for the first half of 2012. The company has continued the favorable performance achieved in the first three months of the year, generating total sales of EUR 7.1 million in the first half of 2012 compared to EUR 6.0 million for the same period a year ago. Earnings before interest and taxes (EBIT) came to EUR 0.6 million during this period, reversing the previous year’s loss at the EBIT level of EUR 5.1 million. As a result, the company was able to post consolidated net profit of EUR 0.2 million at the end of the first half of the year. This was materially due to the successfully implemented cost-cutting program, which resulted in substantial savings in staff and material costs in particular. Thus, staff costs and net other operating expenses were reduced by 25% over the first half of 2011 from EUR 8.9 million to EUR 6.7 million. Earnings were additionally buoyed by the sale of the company’s entire share in Feedback AG as well as fair-value re-measurement gains on the investment in TVO.

Lloyd Fonds AG announced that they will report Q3, 2012 results on Nov 29, 2012