Dragon Holdings AG
Dragon Holdings AG Announces 2012 Financial Results
Dragon Holdings AG / Key word(s): Final Results Dragon Holdings AG Announces 2012 Financial Results Munich, 22nd October 2013 – Dragon Holdings AG (WKN: A1CTDS), a leading technology company that develops algorithms, timing solutions and risk management systems for financial market participants, today announced its Consolidated Financial Results for the fiscal year ended 31st December 2012 in accordance with International Financial Reporting Standards (IFRS). Dragon Holdings significantly increased research and development spending. These costs impacted on its revenue streams and net profit in the short term, but more importantly have enhanced its business proposition for the future. The advancements Dragon Holdings has made in its technological offering now positions it very strongly for 2013. In a year of transformation and development, total income dropped marginally to EUR 32.01 million, while net profit dropped to EUR 2.9 million. Highlights in FY 2012 – Significant increases in research and development that impacted on Total Income and Net Profit but positions the Group to take full advantage of future opportunities. – Total Income of EUR 32.01 million, made up of EUR 21.43 million derived from sales of goods, EUR 6.51 million from sales of services, EUR 3.64 million from other revenues, as well as EUR 0.41 million net shares in profit of associates. – Net Profit of EUR 2.9 million -Earnings Per Share of EUR 0.24 (2012) Earnings Per Share of EUR 1.21 (2011) -P/E Ratio of 20.8 (2012) P/E Ratio of 4.1 (2011) – Group’s financial position was substantially improved throughout the year by an increase in Total Assets of EUR 6.24 million to EUR 36.09 million. -The equity ratio of the Group reached 73.2%, compared to 64% in 2011. – Substantial expansion in Portfolio – Management continued implementation of long-term growth strategy, positioning the Group for 2013 and beyond. Jim Manczak, Chief Operating Officer of Dragon Holdings, said: ‘This performance is testament to the excellent position of our Group. In a year of significant investment in research and development, and great transformation for the business, we have maintained momentum at the same time as making the necessary changes to put us in a strong position for opportunities going forward. Advancements we made in our technology and liquidity solutions have already shown to be well timed and profitable. Our clear strategy and the strength of our products combined with our balanced portfolio of businesses imply that we are well positioned to deliver strong performance in the future.’ Outlook 2013 The company is well-prepared for the on-going challenging environment and looks with an overall sense of confidence to the future. On its trading business, Dragon Holdings Group expects to continue its growth in Total Income and Net Profit, as volatility has always benefitted Algorithmic trading programs. Moreover the Management of Dragon Holdings AG has positioned the company in a number of promising investments, which it closely monitors and adjusts as and if necessary. Research and development in Tradeology’s liquidity business will be one of the key focuses in 2013. Dragon Holdings is developing a number of algorithms which can be used in structuring products whose performance can be insured. These products will be the first of their kind in the industry, which should open up significant additional revenue streams. In addition Dragon Holdings is very excited by the prospects for the Clone Algo range of trading algorithms. Clone Algo solutions will appeal to the mass market, retail brokers and institutions. In the years ahead, the company will continue to seek superior growth opportunities through strong positioning in growth markets, acquisitions in core businesses and an excellent innovation platform. It will continue its strategy of supplying liquidity, timing technology, and risk management solutions to market participants. Dragon Holdings AG will particularly continue its business development in Asia, where its positive momentum has been maintained in 2012. Asia is generating both growth and cash and the focus on the markets of South-East Asia continues to pay off. About Dragon Holdings AG Dragon Holdings AG is a technology company that develops algorithms, timing solutions and risk management systems for the financial markets. It is a global leader in trading and liquidity technology for market participants in forex, gold, shares and CFDs. It is publicly listed on the Berlin Boerse (DRA) and traded on the US OTC Pink (DRGHY). Its registered office is in Munich, Germany. For more information, please visit www.dragonholdings.net. If you have any questions, please contact our Investor Relations Team for assistance at: Dragon Holdings Group
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