News

EEII reports a net loss of CHF 2.3 mln (2013: net loss of CHF 2.4 mln) for the year 2014. During the reporting period, EEII’s net asset value (NAV) decreased 32 % from CHF 8.22 to CHF 5.61 per share. The decrease partially reflects the capital decrease of CHF 1.12 per share which EEII distributed to its shareholders in 2014, and which is responsible for 43% of the total NAV decrease in 2014.

During the reporting period, EEII’s net asset value (NAV) decreased by 32% from CHF 8.22 to 5.61 per share. The decrease partially reflects the capital reduction of CHF 1.12 per share which EEII distributed to its shareholders in 2014 and which is responsible for 43% of the total NAV decrease.

With the severe turmoil in EEII’s core investment regions in Eastern Europe, 2014 was a difficult year for EEII. In absolute terms, the Company reports a net loss of CHF 2.3 mln (2013: net loss of CHF 2.4 mln). The key driver for the loss was primarily the negative performance of one of its main holdings, Gazprom, which due to the sharp decline of the Russian Rouble and steeply dropping energy commodity prices lost almost 40% of its value in the reporting currency CHF (CHF 2.24 mln). The company’s Ukrainian equity holdings, on the other hand, were affected by the weakening Ukrainian currency Hryvnia which depreciated by 44% against the CHF, but this impact was compensated by the positive share price development of EEII’s Ukrainian investments.

Given the background of the ongoing political crisis in Ukraine, the very low energy commodity prices as well as the continued Western sanctions against Russia, the economic indicators in Central and Eastern Europe point to a continued severe contraction in the markets relevant to EEII. Consequently, the country risks for the region of EEII’s investment focus remain substantial, but we are convinced that these risks are reflected in the current market prices of EEII’s holdings. EEII will keep monitoring its investment portfolio closely and is ready to take action on short notice.

For further details also see www.eeii.ch/reports/2014.html

The Annual General Meeting of EEII AG will take place on April 29, 2015, at 11 a.m. at the Parkhotel Zug in Zug.

Please refer to the attached link to view the invitation to the meeting

Agenda in German

For questions please contact:
Mr. Beat Imwinkelried (Phone: +41-43-299 62 00). EEII is listed on the Swiss Exchange (SIX) (Bloomberg: EEII SW Equity).