RSE Grundbesitz- und Beteiligungs-AG
RSE Grundbesitz- und Beteiligungs-AG: Figures for the first half of 2007
RSE Grundbesitz und Beteiligungs-AG / Half Year Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- In the first half of 2007, the RSE Group generated EBITDA of minus €1.4 million and EBIT of minus €10.8 million. As a result of valuations in light of the current market situation and based on the individual items in the portfolio, the Management Board felt it necessary to adjust the previous carrying amounts. The results of this analysis, which were made known today, required a reduction in the carrying amounts of various items of real estate and investments in the amount of €10 million. €8.6 million of these write-downs were recognised in depreciation and amortisation and €1.4 million in net income from other operating expenses. The RSE Group concluded the first half of 2007 with sales from operating activities of €0.4 million (previous year: €0.8 million) from the administration of real estate. Adjusted for extraordinary effects, EBITDA would have almost broken even and EBIT would have been only slightly negative. The interim report for H1 2007 will be published on August 13, 2007. Frankfurt/Main, August 13, 2007 The Management Board DGAP 13.08.2007 ---------------------------------------------------------------------- Language: English Issuer: RSE Grundbesitz und Beteiligungs-AG Opernplatz 2 60313 Frankfurt am Main Deutschland Phone: +49 (0)69 900 26 0 Fax: +49 (0)69 900 26 110 E-mail: info@rse-ag.de Internet: www.rse-ag.de ISIN: DE0008292079 WKN: 829207 Indices: Listed: Amtlicher Markt in Berlin, Frankfurt (General Standard), Hamburg; Freiverkehr in Stuttgart, München End of News DGAP News-Service ---------------------------------------------------------------------------
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