DGAP-Ad hoc: LLoyd Fonds AG

Ad hoc bulletin

Lloyd Fonds AG scaling back forecast for 2017

Hamburg, September 1, 2017. Lloyd Fonds AG has lowered the forecast for its consolidated net profit for 2017, which it now expects to be lower than in the previous year.

There have been delays and changes in the planned projects in new business which may cause sales to decline. Thus, the "WohnWert" project for funding government-sponsored affordable housing was initially structured as a share-based limited partnership (KGaA). Now, however, the project will be taking the form of an open-end real estate fund, which is to be launched on the market at the end of the year. Similarly, other projects and transactions in the shipping and real estate segments will not be implemented this year contrary to original plans.

Lloyd Fonds AG now projects net profit for the year of around two million euros and assumes that major projects currently still in the pipeline will be executed next year.

Consolidated net profit for the period ending June 30, 2017 is expected to come to one million euros. The interim report on the first half of the year will be published on September 28, 2017.