DGAP-News: Clere AG publishes Annual Report 2015 / 2016

DGAP-News: Clere AG / Key word(s): Final Results Clere AG publishes Annual Report 2015 / 2016 28.09.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Bad Oeynhausen, 28 September 2016 - Clere AG has published its annual report 2015 / 2016 today for the reporting period 1 July 2015 until 30 June 2016. The year elapsed was affected by the sale of the entire operating business to the Stevanato Group. With their realigned focus on renewable energy and financing of small and medium sized companies, the Group has not yet started business operations. The sale of the operational units had a positive effect on the consolidated profit, thus Clere AG generated a profit of EUR 32.8 million. Group earnings affected by gains connected with the disposal of operating business Through the disposal of the operating units and the consequential reclassification of the sold operating business into "discontinued operations", no sales revenues are shown in the annual report - the Clere Group will only generate sales revenues after the start of the future business operations. In the reporting period earnings before interest and taxes (EBIT) of the continuing operations and before extraordinary items stood at EUR -3.5 million and after extraordinary items at EUR -6.7 million compared to previous year's EUR -6.0 million. This is mainly due to other operating expenses, which amounted to EUR 5.9 million and were EUR 1.1 million higher than in the previous year's reporting period. They were primarily composed of risen expenses for legal and consulting services as well as higher expenses in connection with the Annual General Meeting and Extraordinary General Meeting. Due to the disposal of the operating units to the Stevanato Group, Clere AG has generated a consolidated profit of EUR 32.8 million after a loss of EUR -12.7 million in the previous year. Therefore the earnings per share amounted to EUR 5.56 (previous year: EUR -2.16) - based on a number of shares of 5,889,063 after the capital reduction. The reduction of equity to EUR 143.8 million (previous year: EUR 234.1 million) results from the dividend payed in the amount of EUR 64.8 million as well as the capital reduction in the amount of EUR 53.0 million. The equity ratio thus fell to 66.4% (previous year: 88.1%). On balance sheet date a total cash of EUR 172.5 million remain within the Group. Thereby the Group possesses sufficient sources to establish the future business. Events after the reporting period After the end of the reporting period the confirmation of the arbitration proceedings through a US civil court concluded the legal dispute and the parallel civil lawsuits successfully. Also, the pending labor class action was finished with a mutual agreement. Thus all legal disputes in the USA have come to a conclusion. Clere AG has opened a new location in Berlin and has decided to relocate the administration to Berlin. In the first quarter of the current financial year, Clere has started successfully with their new business model by subscribing secured coupon bonds in the amount of EUR 16.5 million. "Our new business model accelerates: Within the next few months we will focus on the new business model of Clere AG and examine new projects", says Thomas Krupke, Management Board member of Clere AG. "Further projects are currently negotiated and shall contribute to the current financial year's earnings. In the long run this shall secure solid return of investments and corresponding dividends", adds Oliver Oechsle, Management Board member of Clere AG. Note to the publishers: The annual report 2015 / 2016 can now be downloaded on the company's website www.clere.de. Contact / contact person Daniela Münster Deekeling Arndt Advisors Tel: +49 (0) 69 97098 511 Mobile: +49 (0) 174 335 8111 E-mail: daniela.muenster@deekeling-arndt.de About Clere After the sales of the operating business of the "old Balda AG", the new business model of Clere AG business model will be about investments and shareholdings in the field of environmental and energy technology as well as participation and financing of small and medium sized businesses. www.clere.de --------------------------------------------------------------------------- 28.09.2016 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: Clere AG Bergkirchener Str. 228 32549 Bad Oeynhausen Germany Phone: +49 (0) 57 34 / 9 22-0 Fax: +49 (0) 57 34 / 9 22-2604 E-mail: info@clere.de Internet: www.clere.de ISIN: DE000A2AA402 WKN: A2AA40 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 506417 28.09.2016