ADLER Real Estate AG
ADLER Real Estate AG: ADLER Real Estate AG significantly increases consolidated earnings in the first quarter of 2015
ADLER Real Estate AG / Key word(s): Quarter Results 08.05.2015 16:22 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc disclosure pursuant to section 15 WpHG ADLER Real Estate AG significantly increases consolidated earnings in the first quarter of 2015 - Consolidated net profit increased to EUR 42.9 million (compared to EUR 21.4 million during the same quarter of 2014) - Gross rental income increased to EUR 40.2 million (compared to EUR 11.7 million during the same quarter of 2014) - EBIT increased to EUR 60.4 million (compared to EUR 28.4 million during the same quarter of 2014) Hamburg, 8 May 2015. ADLER Real Estate Aktiengesellschaft (ISIN: DE0005008007 / WKN: 500800), Frankfurt am Main, significantly improved its earnings during the first quarter of the current financial year. According to preliminary figures consolidated net profit increased to EUR 42.9 million as of the end of March 2015, twice as high compared to the same period in 2014 (EUR 21.4 million). The significant growth in profit was driven by increases in the gross rental income of the considerably enlarged Group as well as the effect from the initial consolidation of a stake in a property company. The difference in the uplift was recorded in connection with the successful takeover of that property company and was shown in other operating income in the profit and loss statement. As a result, other operating income increased to EUR 44.1 million compared to EUR 25.3 million in the first quarter of 2014. Gross rental income at ADLER Group level increased to EUR 40.2 million in the first quarter of 2015, compared to EUR 11.7 million recorded during the same period of the previous year. EBIT in the first quarter of 2015 more than doubled from EUR 28.4 million during the first quarter of 2014 to the current EUR 60.4 million. Basic earnings per share improved to EUR 1.34 (1.29) and diluted earnings per share to EUR 1.10 (0.89). The Management Board For enquiries, please contact: PRESS: german communications dbk ag Jörg Bretschneider Milchstr. 6 B, 20148 Hamburg, Germany Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/47 81 80 presse@german-communications.com INVESTOR RELATIONS: Hillermann Consulting Christian Hillermann Poststraße 14, 20354 Hamburg Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114 c.hillermann@hillermann-consulting.de 08.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADLER Real Estate AG Herriotstr. 5 60528 Frankfurt am Main Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-99 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02 WKN: 500800, A14J3Z, A1R1A4, A11QF0 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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