Knorr Capital Partner AG
Ad hoc-Service: Knorr Capital Partner AG english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Ad hoc disclosure in compliance with section 15 of the Wertpapierhandelsgesetz
(German Securities Trading Act)
KNORR CAPITAL PARTNER AG reports good first quarter; profit forecast for 2001
is reiterated
Munich, May 2nd, 2001 – Despite the weak sentiment in the capital markets in
the first quarter of 2001, Munich-based Knorr Capital Partner AG (SIN: 768 612)
posted revenues of Euro 16.97 million. This figure does not include the
proceeds of Euro 18.8 million earned from the disposal of its shares in
Systematics AG, as this transaction was not completed until shortly after the
end of the quarter. Aggregate revenues therefore came to over Euro 35 million,
which is already over 50% of the revenues earned in the whole of 2000.
Earnings after tax (EAT) stood at Euro 3.17 million, slightly down on last
year’s corresponding figure of Euro 3.67 million, which was due to lower share
prices of listed securities. Earnings per share came to Euro 0.40 (2000: Euro
0.59 per share, after the consolidation of Martlet Venture Management). It
should be borne in mind that the first quarter of 2000 was a record quarter in
a booming stock-market.
For the second quarter, Knorr Capital Partner AG is equally as confident as it
is for the year as a whole. It reiterated its earnings forecast of Euro 2.80
per share, as in the second half it expects further significant transactions
from unlisted investments with high margins.
For further information, please contact:
Karsten Busche
KNORR CAPITAL PARTNER AG
Rückertstrasse 1, 80336 Munich
Telefon: +49 (0) 89 / 543 56-0
Fax: +49 (0) 89 / 543 56-333
email: info@knorrcapital.com
end of ad hoc announcement, (c) DGAP 02.05.2001
Issuer’s information/explanation remarks concerning this ad hoc announcement:
The size and market importance of the portfolio companies for which an exit is
being sought by the end of this year confirm the investment philosophy and
business model pursued by Knorr Capital Partner AG as a value production
company. On the one hand it is based on a well-balanced portfolio over all
investment stages and on the other hand on a hands-on value production
management.
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WKN: 768612; Index: SDax
Listed: Amtlicher Handel in Frankfurt (SMAX), München; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart
020802 Mai 01
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