DGAP-Ad hoc: German Startups Group Berlin GmbH & Co. KGaA

German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Forecast

12.10.2016 08:45

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Management expects a net profit of at least 0.30 euros per share for 2016

Berlin, 12 October 2016 - The management of German Startups Group, the second most active venture capital investor in Germany in the time period since 2012 (CB Insights, 2015), expects a stable continuation of its profitable growth and a net consolidated profit of at least 0.30 euros per share (IFRS) for the year of 2016 as a whole and an increase in hidden reserves due to the expected value gain of the majority holding Exozet, based on current expectations on the valuation of its portfolio companies and on the business development of its majority holding Exozet.