Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  East Capital Explorer AB    0HEZ   SE0002158568

Delayed Quote. Delayed  - 09/14 05:42:26 pm
57.25 SEK   -4.85%
09:38a EAST CAPITAL EX : (ECEX) ECEX to construct 23-floor office complex i..
08:02a EAST CAPITAL EX : ECEX to construct 23-floor office complex in Vilni..
10/10 (ECEX) EAST CAP : New buyback mandate 11 October until 31 December 2..
News SummaryMost relevantAll newsSector news 

East Capital Explorer AB : - East Capital Explorer AB's largest holding, Melon Fashion Group, shows value increase of 27% following external valuation

share with twitter share with LinkedIn share with facebook
share via e-mail
01/03/2013 | 07:05am CEST

A revaluation of East Capital Explorer's direct investment in Melon Fashion Group (MFG), the Russian fashion retailer, was made as a result of an external valuation conducted by Ernst & Young. The new valuation corresponds to an increase of 27%, and comes mainly as a result of stronger profitability aided by a strong increase in sales and eliminated logistical problems that the company experienced in 2011.

Mia Jurke, CEO of East Capital Explorer AB says: "We are very happy to see that our direct investment in MFG is performing well and that the company's focus on profitability has started to pay off. MFG is well positioned to benefit further from the strong consumption in Russia."

MFG is one of the fastest growing fashion retailers in Russia. The company has expanded strongly since 2008, and operates today over 500 stores across five different concepts.

MFG is East Capital Explorer's largest direct investment. The initial investment of EUR 10m was made in 2008, followed by additional investments of approximately EUR 19m in total during 2011 and 2012. East Capital Explorer's ownership corresponds to approximately 36% of the company. The value of the holding prior to the new valuation was EUR 34.9m. Following the revaluation, which is the second upward revaluation during 2012, the value of East Capital Explorer's holding in MFG amounts to EUR 44.2m. The increase in value will have a positive contribution to East Capital Explorer's total Net Asset Value of just over 3%.

Contact information:
Mia Jurke, CEO, East Capital Explorer +46 8 505 885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer +46 8 505 885 94

Financial reporting calendar - East Capital Explorer:

  • Monthly Net Asset Value report on the fifth working day after the end of each month
  • Year-end Report 2012, 14 February 2013
  • Annual Report 2012 available in April 2013
  • Annual General Meeting 2013 on 24 April 2013
  • Interim Report, 1 January - 31 March 2013 on 9 May 2013
  • Interim Report, 1 January - 30 June 2013 on 14 August 2013
  • Interim Report, 1 January - 30 September 2013 on 11 November 2013

About East Capital Explorer - East Capital Explorer AB (publ) is a Swedish company, created with the specific aim of bringing unique investment opportunities in Eastern Europe to a broader investor base. The company invests mainly in East Capital's special fund products but it also makes direct investments into private and public companies. East Capital Explorer's main investment theme is domestic growth and the Company targets fast growing sectors such as Retail and Consumer goods, Financials and Real Estate. East Capital Explorer has appointed East Capital to manage its investment activities. East Capital Explorer is listed on NASDAQ OMX Stockholm, Mid Cap.

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act and demands made in the exchange rules. It was released for publication at 07:00 a.m. CET on 3 January 2013.

130103 - Press Release:

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: East Capital Explorer AB via Thomson Reuters ONE

share with twitter share with LinkedIn share with facebook
share via e-mail
09:38a EAST CAPITAL EXPLORER PUBL : (ECEX) ECEX to construct 23-floor office complex in..
08:02a EAST CAPITAL EXPLORER PUBL : ECEX to construct 23-floor office complex in Vilniu..
10/10 (ECEX) EAST CAPITAL EXPLORER (ECEX) : New buyback mandate 11 October until 31 De..
10/10 EAST CAPITAL EXPLORER (ECEX) : New buyback mandate 11 October until 31 December ..
10/07 EAST CAPITAL EXPLORER PUBL : (ECEX) Nomination Committee for East Capital Explor..
10/07 EAST CAPITAL EXPLORER PUBL : Nomination Committee for East Capital Explorer's 20..
09/26 EAST CAPITAL EXPLORER PUBL : (ECEX) Arbitration panel''s partial award regarding..
09/26 EAST CAPITAL EXPLORER PUBL : Arbitration panel's partial award regarding the sal..
08/30 EAST CAPITAL EXPLORER : publishes Q2 Report 2016
08/25EAST CAPITAL EXPLORER AB : half-yearly earnings release
More news
Sector news : Investment Management & Fund Operators - NEC
10/20 EXCLUSIVE : Swiss lobby U.S. ahead of UBS, Credit Suisse RMBS settlements
10/20 London builders turn to funds as property prices drop
10/20DJABERDEEN ASSET MANAGEMENT : Draghi Hints at Extension of ECB Bond Purchases
10/19DJNORTHERN TRUST : Profit, Revenue Rise on Higher Interest, Fee Income
10/18DJDick's, Others Said to Be Vying for Golfsmith Stores
More sector news : Investment Management & Fund Operators - NEC
Financials ( SEK)
Sales 2016 38,1 M
EBIT 2016 28,6 M
Net income 2016 28,6 M
Debt 2016 -
Yield 2016 1,50%
P/E ratio 2016 53,32
P/E ratio 2017 58,17
Capi. / Sales 2016 45,1x
Capi. / Sales 2017 45,2x
Capitalization 1 718 M
More Financials
Duration : Period :
East Capital Explorer AB Technical Analysis Chart | 0HEZ | SE0002158568 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 64,0  SEK
Spread / Average Target 4,9%
Consensus details
EPS Revisions
More Estimates Revisions
Mia Jurke Chief Executive Officer
Paul Assar Bergqvist Chairman
Lena Krauss Chief Financial Officer & Head-Investor Relations
Louise Hedberg Director & Head-Corporate Governance
Alexander Vyacheslavovich Ikonnikov Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BLACKROCK, INC.2.54%57 214
UBS GROUP AG0.00%52 224
More Results