DGAP-News: Enterprise Holdings Limited: Significantly

DGAP-News: Enterprise Holdings Limited / Key word(s): Half Year Results/Bond Enterprise Holdings Limited: Significantly positive result in first half of fiscal year: EBITDA profit of GBP +4.4m Outlook: profitable fiscal year 2015/16 16.12.2015 / 15:53 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Significantly positive result in first half of fiscal year: EBITDA profit of GBP +4.4m Outlook: profitable fiscal year 2015/16 Financial figures summary The past business half-year ending 30 September 2015 brought a decreased volume of premiums which changed from GBP 73.5 million in the previous year by 18.3% to GBP 60.0 million. The technical account that reflects the operational insurance business is GBP +8.4 million (previous year: GBP +9.0 million). Adding the charges from the non-technical account the Group results show a positive EBITDA of GBP +4.4 million (previous year: GBP +6.1 million) for the first six months of the current financial year. The net cash outflow in the first six months from April to September 2015 from operating activities was GBP 5.7 million (previous year: GBP 11.3 million). This reflects the insourcing of the claims handlings activities and the acceleration of the claims cycle. For the first time the consolidated figures include the additional activities that came to the group, like claims handling management, insurance brokerage, underwriting and underwriting advisory. The major positive effects from the new legal entities will be seen in the results of the second half of current fiscal year. Outlook for fiscal year 2015/16 Andrew Flowers, CEO of Enterprise Holdings: "The results from the first six months of the current fiscal year show that the Group operates profitable. We settle claims quicker and we have booked sufficient reserves to our balance sheet which makes us being well prepared for the future. A number of highly profitable distribution businesses are brought into the Group adding significant value and ultimately providing the potential to achieve significant economies of scale through centralisation of some functions. With the new businesses under the roof of the Holding we have shaped a vertically integrated niche insurance Group for the future. In addition the measures we have already started should contribute to significant profitability for the Group in the current financial year." Service The non-audited half-year Group statements as of 30 September 2015 are available on the company's website www.enterprise-holdings.de Disclosure of the 9-months interim accounts is scheduled for end of January 2016. End of corporate news Enterprise Holdings Ltd. Group - an owner-lead insurance firm Lead by its founder the company holds several other subsidiaries together with affiliated service companies. The Group offers independent white label general insurance solutions, apart from life insurance products. The affiliated companies deliver insurance specific auditing services as well as administrative and marketing services. The Group focuses its activities on high-yield niches within the European general insurance market. The main category of the offered insurances is in the field of automobile damage and third party insurance, legal costs insurance, household contents insurance and guarantees. Main markets are currently the United Kingdom, France, Greece and Italy. Bond issue 2015/20 Since 30 March 2015 the Enterprise Holdings' corporate bond 2015/20 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1ZWPT5). In March 2015 the bond received a BBB+ rating from Creditreform Rating AG. The first follow-up rating is scheduled for end of January 2016. Bond issue 2012/17 Enterprise Holdings' corporate bond 2012/17 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4) since 26 September 2012. The follow-up rating from Creditreform Rating AG in 2015, 2014, as well as in 2013, confirmed the A - rating that has been achieved in August 2012 when Enterprise Holdings issued a 35m euro bond. During the exchange offer that ended 26 March 2015, holders of the bond exchanged 6.3m euro into the new bond 2015/20. Additionally in October 2015 the company redeemed Euro 9.2m bonds from an investment fund. Therefore the total volume of the bond 2012/17 currently is Euro 19.5m euro. For more information about the bonds please visit our website, especially the sections "Bond 2015/20" and "Bond 2012/17" at www.enterprise-holdings.de Bond Investor Relations / Press Please direct all your requests to: max. Equity Marketing GmbH, Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@enterprise-holdings.de IMPORTANT NOTE - Disclaimer Prospective investors of the Securities should recognise that the Securities constitute a risk investment, which can lead to a total loss of their investment in the Securities. Potential investors must therefore be prepared and able to sustain a partial or even a total loss of the invested capital. Any investors interested in purchasing the Securities should assess their financial situation, to ensure that they are in a position to bear the risks of loss connected with the Securities. Therefore, please contact your credit and securities institutions. The admissibility of the acquisition of a security may at various conditions, especially your nationality be bound. Please inform yourself before an investment. This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of Enterprise Holdings Limited ("issuer"). A decision on an investment in the securities of the issuer may only be made on the basis of the securities prospectus ("prospectus") which is approved by the Federal Financial Supervisory Authority (BaFin) and is published on the website www.enterprise-holdings.de. Only the information contained in the prospectus is binding in connection with the offer. This information may not be disseminated outside of Germany and Austria, in particular not in the United States, to US Persons according to regulation S of the US Securities Act of 1933 or to publications with a general circulation in the United States. Any person who fails to comply with these restrictions may violate the security laws of certain jurisdictions, in particular of the United States. Bonds in Enterprise Holdings Limited are not publicly offered outside of Germany and Austria. The Notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the Notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. The securities mentioned in this press release are not being and will not be offered for sale to the public in the United States, Australia, Canada and Japan. --------------------------------------------------------------------------- 16.12.2015 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 424329 16.12.2015