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Follow on Google News | Final figures for 2009 better than expectedMunich, 16 June 2010 – The early stage Munich based investor mic AG, announced the final financial figures for 2009.
By: mic AG - Istok Sernc Given a share price of EUR 4.20, the P/E ratio adds up to only 2.3. The current market value of EUR 9.8 m is almost completely covered by shareholders’ Confident prospects for 2010 The goal to recoup the complete costs of the corporation, which stood at EUR 1.2 m (1.3 m) as per 31 Dec 2009, through definitely predictable and calculable management fees, has come a step closer. Talks with family offices about direct investments into sector specific companies of the mic AG have proceeded further: mic sense GmbH (investments exclusively in the field of sensor technology) and mic clean GmbH (investments into sustainable shareholdings only) will offer new investment opportunities. Upside potential will still remain through exit transactions. If considering, that the chip giant Intel recently paid USD 42 m for Virtutech, a company comparable to mic AG’s subsidiary ProximusDA, further profitable exits, or partial sales respectively, are possible in 2010. Therefore, Reitmeier is convinced that 2010 is to become the “mic year” and will even outperform the year 2009. About mic AG: mic AG is a publicly traded company listed in the Entry Standard of the German Stock Exchange as of 2006. The principal strategy of mic AG is to invest in the early stages of technology firms and provide these firms with a multi-faceted suite of services: financial, administrative, legal, consulting, sales and marketing. The portfolio companies benefit from market maturity and positioning of mic AG and its established management applications. mic AG is active in the Microsystems, Communication/ End
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