informica real invest AG
informica real invest AG Publishes 2008/2009 Half-Year Figures
informica real invest AG / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- informica real invest AG Publishes 2008/2009 Half-Year Figures +++ Lease revenues increase by 57 percent to EUR 2.77 million compared to the prior year +++ Total operating income increases by 4 percent to EUR 2.93 million +++ EBIT margin exceeds 20 percent +++ Net lease revenues of EUR 4.19 million (twelve-month basis) +++ Reported real estate portfolio of EUR 58 million Reichenberg, December 8, 2008: informica real invest AG, a holder of residential and commercial real estate, is releasing the financial statement figures according to IFRS for the first six months of the 2008/2009 fiscal year. Within the first six months, informica real invest AG generated revenues of EUR 2.77 million on properties held as financial investments with a real estate portfolio totalling EUR 58.07 million. This represents an increase of 57 percent compared to the same period last year (prior year: lease revenues EUR 1.77 million, real estate portfolio EUR 41.22 million). After the deduction of external services of EUR -1.20 million (prior year: EUR -0.89 million) related to the collection of lease revenues, results from leasing real estate held as financial investments amounted to EUR 1.57 million (prior year: EUR 0.87 million) on the reporting date for the 2008/2009 half-year report. This represents an 81 percent increase compared to the prior year. At EUR 0.59 million, EBIT is approximately 28 percent below the comparative value of EUR 0.83 million for the prior year. Profit of EUR -0.12 million for the period was below the prior-year value of EUR 0.15 million as the result of growth and project optimisation costs. Cash totalled EUR 3.80 million on the reporting date for the 2008/2009 half-year report. Short-term debt of the informica Group was reported at EUR 2.81 million, equalling approximately 4 percent of total assets (EUR 71.33 million). With an average fixed interest term of more than eight years, the company is largely protected against interest rate fluctuations and has secure long-term financing. The Management Board of informica real invest AG expects net lease revenues of EUR 4.19 million from the existing real estate portfolio for the 2008/2009 year overall. Friedrich Schwab, CEO of informica Group, had the following to say about the half-year figures: 'With our current portfolio optimisation efforts, we are consistently and purposefully implementing our profit maximisation objectives. We are increasing the long-term value of our portfolio by optimising lease revenues. Our strong, well-positioned regional asset management companies, FÜWA Asset Management GmbH and Hausverwaltung Weimar GmbH, play a supporting role in this process. We also have five promising project developments in the informica development pipeline and expect positive results from these projects in the near future. We will continue to selectively evaluate profit opportunities from project developments and realise such opportunities when they promise to add value. Over the long term, the profitability of the real estate portfolio including the project development business should also be reflected in the net profit margin of the informica Group. The 2008/2009 half-year report of informica real invest AG is available for download under the following link: http://www.informica-real-invest.ag/index.php?id=50 About informica real invest AG: informica real invest AG, with its registered office in Reichenberg near Würzburg, focuses on the acquisition of high-yield properties with development potential, asset management and administration as well as real estate brokerage. The 9.13 million no-par shares of informica real invest AG are traded in the open market (entry standard) of the Frankfurt, Berlin-Bremen and Stuttgart stock exchanges. Company contact: informica real invest AG Kirchgasse 1a 97234 Reichenberg www.informica-real-invest.ag Phone +49 (0) 931 322 15-75 Fax +49 (0) 931 322 15-85 info@informica-real-invest.ag Investor relations contact: GFEI Gesellschaft für Effekteninformation mbH Hamburger Allee 26-28 60486 Frankfurt am Main www.gfei.de Phone +49 (0) 69 743 037-00 Fax +49 (0) 69 743 037-22 ir-informica@gfei.de 08.12.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden