DGAP-News

Enterprise Holdings Limited: Good start in 2013/14: very positive four months figures 50% growth expected combined with high profit and strong cash flows

DGAP-News: Enterprise Holdings Limited / Key word(s): Monthly
Figures/Bond
Enterprise Holdings Limited: Good start in 2013/14: very positive four
months figures 50% growth expected combined with high profit and
strong cash flows

04.12.2013 / 13:30

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Andrew John Flowers, CEO and Founder of Enterprise Holdings Ltd., recently
held a presentation at the Deutsche Eigenkapitalforum Conference in
Frankfurt, which is Europe's largest and most important capital market
event for corporate financing. Enterprise Holdings' corporate bond is
listed in the Entry Standard segment at Boerse Frankfurt (International
Security Identification Number (ISIN): DE000A1G9AQ4). The follow-up rating
in 2013 confirmed the A- rating that has been achieved in August 2012 when
Enterprise Holdings issued a 35m euro bond.

Four months figures: strong growth - high profitability
Beside overall company and market information the CEO disclosed non-audited
interim figures for the 4 months period from 1 April until 31 July 2013
that show 51.0m GBP in gross written premium (GWP) and 4.5m GBP in earnings
before tax (PBT), compared to 56.7m GBP and (1.7)m GBP loss for the 6
months period that ended 30 September 2012.

Positive outlook for current fiscal year
Andrew Flowers, CEO of Enterprise Holdings Ltd: 'We see a very strong
organic growth in the existing insurance schemes and therefore for the
current fiscal year we forecast a 50% increase in gross written premium to
approximately 200m GBP. In the fiscal year 2012/13 that ended 31 March 2013
we achieved 134.8m GBP. Currently a team of specialists is reviewing
approximately 8,000 UK motor insurance accounts in our books to calculate
the individual reserves. The final result is expected in a few months and
should be reflected in the annual report as of 31 March 2014. It seems that
we can release a substantial amount of the existing reserves. This will
have direct impact on our financial results. Finally there is a good chance
that 2013/14 will become the most profitable year in the company's
history.'

The complete investor presentation is available on the company's website
for download. Please visit www.enterprise-holdings.de -> Services ->
Downloads.

Sphene Capital credit research report: One of the best rated SME bonds
The credit research report titled with 'Enterprise Holdings: One of the
best rated Mittelstands bonds in Germany' provides an independent analysis
of the niche insurere's business model. The credit analyst agency forecasts
a 28.4% compound annual growth rate (CAGR) until the maturity of the bond
in 2017 accompanied by a strongly increasing profit stream.