Financial results: advantec, Castle, DBAG, DEWB, TFG, UBS

advantec Waginskapital has reported a consolidated net loss of EUR 476,486.64 at the end of its financial year 2002, ending 30 September 2002.

Castle Private Equity AG announced a net asset value (NAV) of SFr 116.2 ($80.16) per share after a temporary upward trend in November 2002 discontinued. Despite a decline of public stocks the firm blames its venture partnerships, reflecting lower valuations of underlying companies when refinanced, for the weakening NAV.

Deutsche Beteiligungs AG (DBAG) has announced consolidated net losses of EUR 15.8m for the financial year 2001/2002 compared to a consolidated net income of EUR 9.2m in the previous year. The company had EUR 516m under management at the balance sheet date. Over the past year DBAG raised its first time vehicle, open for institutional investors, with EUR 121m.

Deutsche Effecten- und Wechsel-Beteiligungs-gesellschaft (DEWB AG) has announced an EBIT of EUR -19m for its financial year 2002 and expects a consolidated net loss of around EUR -22m, compared to a consolidated net income of EUR 20.7m the previous year. The company blames a number of write-offs for the performance. Over the last five years DEWB AG has reached an average IRR of 27%.

TFG Venture Capital has announced an EBDIT of EUR 5.91m for the financial year 2002, compared to EUR -0.98m the previous year. EBIT for 2002 was EUR -47.51m, compared with EUR -105.97 in 2001.

UBS Capital reported a pre-tax loss of SFr 1.76bn (EUR 1.1bn) for its financial year 2002. The firm says that write-offs in the portfolio were to blame for the result.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• DACH