DGAP-News: bmp Holding AG: Results for the 1st quarter of

DGAP-News: bmp Holding AG / Key word(s): Quarterly / Interim Statement/Quarter Results bmp Holding AG: Results for the 1st quarter of 2016 31.05.2016 / 11:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- bmp Holding AG: Results for the 1st quarter of 2016 - Quarterly revenue of EUR 4.25 million - Consolidated earnings of minus EUR 2.3 million burdened through an individual value adjustment of almost EUR 2 million - Annual forecast for the operative business confirmed bmp Holding AG's (ISIN DE0003304200) revenue developed in line with planning in the first quarter 2016. Consolidated revenue amounted to EUR 4.25 million (prior-year period: EUR 0.0 million). Together, sleepz GmbH and the Matratzen Union Group companies thus generated growth of almost 40% in comparison to their revenue in the first quarter of 2015, when they were not yet included in the scope of consolidation of bmp Holding AG. Grafenfels Manufaktur GmbH did not yet contribute any revenue in the first quarter. The gross profit margin of slightly above 30% was also in line with expectations. Consolidated earnings of minus EUR 2.3 million (prior-year period: EUR 1.05 million) were heavily burdened by a specific valuation allowance of approximately EUR 2 million that was needed for one of the available-for- sale venture capital investments. The company had counted on a financing from former shareholders, which was cancelled at short notice. As a result, this former investment is highly vulnerable to default. The operating subsidiaries sleepz GmbH, Grafenfels Manufaktur GmbH and the companies of the Matratzen Union Group developed in line with planning, with a net loss of EUR 313 thousand. While Grafenfels and sleepz still reported losses, the Matratzen Union Group contributed a positive quarterly result. The holding company itself generated a loss of EUR 142 thousand, which also developed in line with planning. Because the second quarter seasonally tends to be weaker than the first in our sector, we expect to see a slight decrease in quarterly revenue from sleepz as well as of the Matratzen Union Group. At the same time, Grafenfels will make its first contribution to revenue, although this is expected to be small still. Overall, we therefore anticipate revenue of EUR 3.5 million in the second quarter. Acquisitions of additional companies will not take place in the second quarter. In view of the discontinuation of its venture capital business, in May bmp Holding AG rescinded the investment consultancy contract agreed with bmp Beteiligungsmanagement AG with a term from 2011until the end of 2021 by mutual agreement and replaced it with a "contract for the management and sale of the old VC investments" with a significantly shorter term until the end of 2017. The contract provides for quarterly remuneration of EUR 100 thousand from 1 April 2016 to 31 December 2017. The previously accrued carry claim is fully offset against this remuneration totalling EUR 700 thousand. The forecast for the year with organic revenue of EUR 20 million and earnings from ordinary business activities of minus EUR 1 million to minus EUR 2 million still applies. The guidance of revenue of EUR 25 million to EUR 40 million including an additional one or two company acquisitions also remains in place, with the effect on consolidated revenue largely being influenced by the timing of possible acquisitions in the second half of the year. This in turn is dependent on the implementation of successful exits in the coming months. The complete quarterly statement is published under www.bmp-holding.de. For further information: bmp Holding AG Corinna Riewe Schlüterstraße 38 10629 Berlin Tel.: +49 30 2030 5567 criewe@bmp.com This Corporate News is neither an offer nor a request to submit an offer for the sale of securities - specifically not in the US or other countries or jurisdictions in which an offer or request to submit an offer for the purchase or sale would be illegal without prior registration or permission under the relevant securities guidelines. This Corporate News is neither an offer to sell registered bearer shares nor a request to submit an offer to buy the registered shares; it is merely for information purposes. --------------------------------------------------------------------------- 31.05.2016 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 --------------------------------------------------------------------------- Language: English Company: bmp Holding AG Schlüterstraße 38 10629 Berlin Germany Phone: +49 (0)30 20 305-0 Fax: +49 (0)30 20 305-555 E-mail: ir@bmp.com Internet: www.bmp-holding.de ISIN: DE0003304200 WKN: 330420 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Warschau End of News DGAP News Service --------------------------------------------------------------------------- 467743 31.05.2016