Prelios Deutschland GmbH
B&L Immobilien AG english
B&L Immobilien AG reports excellent annual results
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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B&L Immobilien AG reports excellent annual results
Hamburg, May 7, 2002 – B&L Immobilien AG (SIN 765 950) has completed a
thoroughly successful fiscal year. The company implemented its announced
expansion strategy and systematically extended its range of services. The most
outstanding events during the year include the company’s acquisition of
shareholdings in LEG Schleswig-Holstein Landesentwicklungsgesellschaft mbH and
Heimstätten Gesellschaft mbH Lübeck.
The income from these companies, together with a consistently high gross
performance of 57.9 million euros, resulted in net income for the past fiscal
year of 14.7 million euros. This represents a sevenfold increase in net income
over the previous year (2.1 million euros). The result from ordinary activities
(14.7 million euros) and consolidated net income (11.9 million euros) achieved
similarly high growth rates in comparison to the previous year (4.1 million and
2.2 million euros, respectively). EBDT rose from 6.5 million to 18.8 million
euros. The company thus exceeded its announced forecasts. Compared with the
previous year, the balance sheet total grew by 36 % to 711.3 million euros.
end of ad-hoc-announcement (c)DGAP 07.05.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
B&L Immobilien AG is listed for official trading on the German stock market.
The company’s object is the management, development, acquisition and sale of
shopping malls as well as office and residential property. In spring 2001 the
company acquired an equity interest in LEG Schleswig-Holstein
Landesentwicklungsgesellschaft mbH and in December 2001 in Heimstätten
Gesellschaft mbH Lübeck. As a result of these transactions, the number of
residential properties under management rose to over 22,000 units
Should you require further details, please contact:
Dr. Hans Hellberg
B&L Immobilien AG
Kajen 12
D-20459 Hamburg
Tel: +49 (40) 37 660-0
Fax:+49 (40) 37 660-111
contact@bl-ag.de
http://www.bl-ag.de
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WKN: 765950; ISIN: DE0007659500; Index:
Listed: Amtlicher Handel in München; Freiverkehr in Berlin
071022 Mai 02
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