FinLab AG announced earnings results for the half year ended June 30, 2018. For the half year, the company announced positive IFRS results (EBIT) of EUR 1 million compared to EUR 0.3 million a year ago, resulting in an improvement of EUR 0.7 million against the same period last year. This improvement in EBIT can be mainly attributed to the significant increase of income from EUR 1.8 million (first half of 2017) to EUR 2.8 million (first half of 2018). Overall loss was EUR 7.3 million compared to profit of EUR 7.6 million a year ago, due to the change in revaluation reserve of negative EUR 8.9 million. The negative results are caused exclusively by the (re)valuation of the shares held by FinLab AG in the listed company Heliad Equity Partners GmbH & Co. KGaA at the closing rate as of June 30, 2018.

The company's the overall outlook for 2018 remains positive. In this regard, FinLab was able to achieve a high seven-digit profit from the partial sale of shares of Deposit Solutions GmbH of around EUR 10 million in August 2018, which will only be reflected in the figures for the second half of 2018.