DGAP-News: Clere AG

DGAP-News: Clere AG started with new business model in first quarter 2016 / 2017

DGAP-News: Clere AG / Key word(s): Quarter Results CLERE AG started with new business model in first quarter 2016 / 2017

09.11.2016 / 07:37 The issuer is solely responsible for the content of this announcement.

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Bad Oeynhausen, 9 November 2016 - Today CLERE AG has published its report on the first quarter 2016 / 2017 for the period of 1 July to 30 September 2016. In the reporting period the Group has made first investments within their new business model and has acquired bearer bonds in the amount of EUR 16.5 million. Besides, the first quarter was affected by ongoing litigation and the reorganization of internal structures for the new strategic alignment.

Initial revenues in the new business area

After the start of the new business activity of CLERE AG in the area of financing of small and medium sized companies, initial revenues were generated in this area in the amount of EUR 0.2 million, resulting from deferred interest.

Earnings before interest and taxes (EBIT) of the continuing operations amounted to EUR -1.6 million in the reporting period and were thereby below previous year's EUR -0.7 million. This was mainly due to other operating expenses from ongoing litigation and expenses from releasing currency.

The slightly positive net financial result of EUR 0.1 million fed through to earnings before taxes (EBT) of EUR -1.5 million, and were thus almost at the level of the year prior (EUR -1.4 million). After taxes the Group loss of the quarter amounted to EUR -1.6 million after EUR -0.6 million in the previous year period. This results in earnings per share of EUR -0.27 after EUR -0.10 in the reference period.

As of 30 September 2016 Group equity was reduced by EUR 1.9 million to EUR 141.9 million, which corresponds to an equity ratio of 66.3 % (30 June 2016: 66.4 %).

At balance sheet date a total of EUR 157.7 million of cash remained in the Group. Therefore sufficient funds remain for investments in further new business areas.

After the reporting period, CLERE AG again invested in the area of financing of small and medium sized companies and acquired further bearer bonds in the amount of EUR 4.2 million. Besides, the capital reduction was paid out to the shareholders in October 2016.

"In the first quarter of the new financial year, we were able to achieve a few milestones regarding the new CLERE AG: We have executed first investments within the new business area and have built up and expanded our operation and our team in Berlin" states Thomas Krupke, Executive Board member of CLERE AG. "On this basis the Group can now focus increasingly on the operational business and the investments in energy and environmental technology assets as well as financing of small and medium-sized companies and thus can generate further revenues within this new business area" adds Oliver Oechsle, Executive Board member of CLERE AG.

Note to the publishers:

The report in the first quarter 2016 / 2017 can now be downloaded on the company's website www.clere.de.

Contact / contact person

Christin Preß CLERE AG Tel: (+49) 30-213 0043-0 Mail: ir@clere.de

Daniela Münster Deekeling Arndt Advisors Tel: (+49) 30-213 0043-0 Mobil: (+49) 174 335 8111 Mail: daniela.muenster@deekeling-arndt.de

About CLERE

After the sales of the operating business of the "old Balda AG", the new business model of CLERE AG business model will be about investments and shareholdings in the field of energy and environmental technology as well as participation and financing of small and medium sized businesses.

www.clere.de

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09.11.2016 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. Archive at www.dgap.de

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Language: English Company: Clere AG Bergkirchener Str. 228 32549 Bad Oeynhausen Germany Phone: +49 (0) 57 34 / 9 22-0 Fax: +49 (0) 57 34 / 9 22-2604 E-mail: info@clere.de Internet: www.clere.de ISIN: DE000A2AA402 WKN: A2AA40 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

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