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LOGAN CAPITAL AG publishes results for the first half 2013 according to IFRS and change in the Board of Directors

Logan Capital AG  / Key word(s): Half Year Results/Change of Personnel

28.08.2013 19:00

Release of an ad hoc announcement pursuant to Art. 18 KR


LOGAN CAPITAL AG publishes results for the first half 2013 according to
IFRS and change in the Board of Directors

  - Earnings before tax (EBT) amount to EUR 1.7m (First Half 2012: EUR

  - NAV per share amounts to EUR 0.28 at a share base of 103.2m (31
    December 2012: NAV of EUR 0.26 per share)

  - Stefan Feulner resigned from the Board of Directors

St. Gallen, 28 August 2013 - Today, the listed investment company LOGAN
CAPITAL AG (ISIN: CH0033050961, Ticker: 4MS, has
published its IFRS unaudited figures for the first half of 2013.

On 30 June 2013, earnings before interest and taxes (EBIT) and net profit
amount to EUR 1.6m (previous year: EUR -0.6m) and EUR 1.7m respectively
(previous year: EUR -0.4m). Write-ups of financial assets amounted to EUR
1.9m (not including earnings from interest) and financial expenses amounted
to EUR -0.1m, resulting in a financial result of EUR 1.8m (previous year:
EUR -0.2m). One reason for this positive outcome was the development of the
listed portfolio companies and the write-ups of individual companies.

On the balance sheet, Financial Investments increased slightly to EUR 29.0m
(31 December 2012: EUR 27.3m); there is no consolidation since 30 September
2011 with our prior majority stake in Impera Total Return AG. With total
balance sheet assets of EUR 29.7m, the equity to assets ratio amounted to
97% (31 December 2012: EUR 29.0m and 94%). By the end of the first half of
2013, the NAV increased to EUR 0.28 per share while shares outstanding
totalled 103.2m (31 December 2012: EUR 0.26). Our share is thus still
traded at a relatively high discount of just under 50% to the company's
intrinsic value. Cash and Cash Equivalents on 30 June 2013 amounted to EUR
0.2m (31 December 2012: EUR 0.4m).

Stefan Feulner has resigned as a Member of the Board of Directors of Logan
Capital AG. Stefan Feulner was removed from the commercial register of the
company on 26 August 2013. The board would like to thank Stefan Feulner for
his long-term cooperation.


LOGAN CAPITAL ( is a public Swiss investment company
based in St. Gallen, Switzerland. The company acts in the market place as
an 'institutional business angel investor'. The focus of investments is
based predominantly in German speaking countries, in all industry sectors,
especially in earlystage financing, special situations and pre-IPO
transactions. LOGAN CAPITAL AG shares are traded under SIC 4MS (ISIN:
CH0033050961) on the Open Market of the Frankfurt Stock Exchange and Berne

Language:               English
Company:                Logan Capital AG
                        Poststrasse 17
                        9000 St. Gallen
Phone:                  +41 44 783 80 49

E-mail:                 This email address is being protected from spambots. You need JavaScript enabled to view it.
ISIN:                   CH0033050961
Valor:                  A0MYNQ
Listed:                 Freiverkehr in Stuttgart; Frankfurt in Open Market
                        ; BX
End of Announcement