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.

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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