Bavaria Industries : Press Release

10% increase in net asset value to EUR 375.3 million Highest net contribution from automotive suppliers with EUR 17.9 million Financial investment including cash at EUR 140.5 million
The net asset value of the BAVARIA group increased by 10% to EUR 375.3 million per end 2016 (2015 EUR 342.3 million). The portfolio companies were valued at EUR 234.8 million (up 9%), financial investment (listed companies) were EUR 71.2 million (up 15%) and cash stood at EUR 69.3 million (up 8%). The total funds available for investment stood at EUR 140.5 million. Since the sale of TriStone was completed in February 2017, a further EUR 170 million are available for investment purposes.

All portfolio companies combined had a net loss in 2016 of EUR 3.8 million, while in the previous year they had a net profit of EUR 8.8 million. The automotive suppliers alone had a net profit of EUR 17.9 million, while the losses in engineering amounted to EUR 5.2 million and in business services EUR 16 million.

The net financial position in the portfolio companies was EUR 24.1 million, cash stood at EUR 62.9 million, while financial debt was EUR 38.8 million. The group had financial means of EUR 203.4 million (in 2015 EUR 201.7 million). In 2016 EUR 0.7 million was spent for buy-backs of BAVARIA shares (in 2015 EUR 7.3 million).