Scandinavian Private Equity A/S reported unaudited group earnings results for the first quarter ended April 30, 2013. For the quarter, the company reported income from investment activities of DKK 20,424,000, operating profit (EBIT) of DKK 17,565,000 and profit before tax of DKK 16,050,000 against income from investment activities of DKK 17,080,000, operating profit (EBIT) of DKK 14,984,000 and profit before tax of DKK 14,801,000 a year ago. Earnings per share were DKK 353 against DKK 325 a year ago. Book value per share as on April 30, 2013 was DKK 20,439 against DKK 20,048 as of April 30, 2012. Profit after tax/Comprehensive income was DKK 15,895,000 against DKK 14,871,000 a year ago. Profit before amortization (EBITA) was DKK 18,730,000 against DKK 14,984,000 a year ago. Cash flows used in operating activities were DKK 3,766,000 against DKK 4,854,000 a year ago.

The company maintained its forecast of a profit for the financial year 2013-14, ending on January 31, 2014, at the level DKK 55 million-65 million. Full-year results will depend on the development in financial markets and in the portfolio companies of the private equity funds, and the forecast is thus subject to considerable uncertainty.