RCS - SGT German Private - Profit of 10.5m EUR in 2021 and positive outlook

German Tech Holding GmbH & Co. KGaA

06/06/2022 07:00

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RNS Number : 7709N  SGT German Private Equity GmbH & Co  06 June 2022

SGT German Private Equity GmbH & Co. KGaA: Profit of 10.5m EUR or 0.32 EUR per share in 2021 and positive outlook
 DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s):
 Preliminary Results/Forecast

SGT German Private Equity GmbH & Co. KGaA: Profit of 10.5m EUR or 0.32 EUR
 per share in 2021 and positive outlook

03.06.2022 / 08:00 CEST

The issuer is solely responsible for the content of this announcement.

 +++ Press release +++

 

 SGT German Private Equity - Profit of 10.5m EUR

or 0.32 EUR per share in 2021 and positive outlook

 Frankfurt/Main, 3 June 2022 - SGT German Private Equity GmbH & Co. KGaA
 (SGF), a listed Private Equity asset manager, reported a net profit of 10.5m
 EUR or 0.32 EUR per share in fiscal year 2021, according to its preliminary
 consolidated financial statements (IFRS) (2020: net loss of 0.05 EUR per
 share). The segment "Investment", which mainly contains the heritage VC
 portfolio acquired under the former company name German Startups Group,
 reports an operating loss (EBIT) of 0.6m EUR. The new "Asset Management"
 segment contributes an operating profit (EBIT) of 5.6m EUR to the earnings net
 of the deduction of 1.8 m EUR depreciation from the purchase price allocation.
 The profit in asset management derives solely from the launch of the asset
 management business of SGFs wholly owned subsidiary SGT Capital Pte. Ltd. in
 Singapore. According to IFRS, the average number of shares in 2021 amounted to
 33.1m EUR.

 The equity per 31 December 2021 amounts to 38.7m EUR (c. 3.75 EUR per share;
 31.12.20: 2.60 EUR per share). This is to be based on 10,311,300 outstanding
 shares per 31.12.2021 according to IFRS, as the newly issued 50m shares are
 not yet recognized and booked as equity under IFRS, until the number of shares
 to potentially be returned by SGT Capital LLC to SGF as of 30.06.2022 is
 finally determined. As a result of the upcoming reclassification to equity as
 of 30.06.2022, the absolute equity should grow to an amount of over 180m EUR.
 SGF is currently holding 2,719,200 treasury shares.

 SGF is planning to publish its 2021 annual report in June 2022 and hold its
 annual general meeting by mid of July 2022.

 For 2022, the management expects further growth of the profitable asset
 management business, successfully launched in 2021, with its sustainable,
 recurring revenues. The turnover of the full year 2021 should already be
 achieved in the first half of 2022. The management does also not expect that
 the Ukraine conflict, the Covid 19 pandemic or the rise in inflation will have
 a noticeable impact on the business development of SGF.

 The management of SGF intends to pass resolutions on the use of the estimated
 profit 2021 shortly and also to determine the dividend and share buyback
 strategy going forward.

 About SGT German Private Equity

 SGT German Private Equity is a Germany-based listed private equity asset
 manager with registered office in Frankfurt/Main. Its 100% subsidiary SGT
 Capital Pte. Ltd. is a global alternative investment and private equity asset
 manager headquartered in Singapore.

 For its new, sector-agnostic private equity fund SGT Capital Fund II with a
 geographical focus on Europe and North America and a fund lifetime of ten
 years, SGT is aiming for a target fundraising volume of 1 to 3 billion USD.
 The management team has many years of senior experience at renowned addresses
 - global private equity houses, management consultancies and investment banks.

 From its origin as a leading German venture capital provider under the German
 Startups Group brand SGT German Private Equity also holds a heritage portfolio
 of minority stakes in some promising German Startups.

 

 Investor Relations Contact

Rosenberg Strategic Communications

Dirk Schmitt

d.schmitt@rosenbergsc.com

+49 170 302 8833

03.06.2022 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

 Language:     English
 Company:      SGT German Private Equity GmbH & Co. KGaA
               Senckenberganlage 21
               60325 Frankfurt/Main
               Germany
 Phone:        069-348690520
 Fax:          069-348690529
 E-mail:       info@sgt-germanpe.com
 Internet:     www.sgt-germanpe.com
 ISIN:         DE000A1MMEV4
 WKN:          A1MMEV
 Indices:      Scale 30
 Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg,
               Tradegate Exchange
 EQS News ID:  1367779

 

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