POLIS Immobilien AG / Final Results/Preliminary Results
08.02.2008
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.
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Berlin, February 8, 2008 Berlin POLIS Immobilien AG in Berlin [ISIN:
DE0006913304, WKN: 691330] had a successful 2007 financial year. According
to its preliminary figures, the office property specialist doubled its
rental income to around EUR 9.8 million (previous year: EUR 4.3 million).
Income from current property management also increased considerably in 2007
and is expected to reach around EUR 8.5 million (previous year: EUR 3.2
million). Earnings before taxes will probably amount to EUR 10.5 million
(previous year: EUR 0.9 million). The consolidated net income was EUR 8.9
million (previous year: EUR 0.5 million). The net asset value (NAV) is
expected to increase by 17 percent to EUR 13.75 per share (previous year:
EUR 11.78 per share). The equity ratio is around 55 percent.
These figures confirm analysts' forecasts for POLIS.
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Information and Explaination of the Issuer to this News:
'2007 was a very successful year for us,' said Dr. Alan Cadmus, CEO of
POLIS Immobilien AG. 'We consistently pursued our strategy and invested the
capital from our IPO in the rapid expansion of our portfolio.' This
strategy was a success. The revaluation of the portfolio by Feri Rating &
Research led to valuation gains of around EUR 8.2 million. Cadmus said,
'The conclusion reached by Feri shows that we have invested in the right
properties and have been able to increase the value of our portfolio. We
will continue to follow a strategy of exclusively acquiring office
buildings in prime business districts in Germany, and we will maintain our
high standards when it comes to locations, properties and returns.'
Since its IPO, POLIS has boosted the value of its real estate portfolio
from EUR 142 million to EUR 277 million. 'With an equity ratio of around 55
percent, we have the financial means to make further purchases and take
advantage of the opportunities in the real estate market,' Cadmus
explained.
POLIS will announce its preliminary result for the year at the DVFA real
estate conference on February 12, 2008 at 1:10 PM in the DVFA Center in
Frankfurt am Main. Its final figures will be published on March 7, 2008.
Investor Relations: Roger Sturm, POLIS Immobilien AG, Tel: +49 30 85 62
17-27, E-Mail: r.sturm@polisag.de
Press Contact: Grit Pauli, HOSCHKE & CONSORTEN Public Relations GmbH, Tel:
+49 40 36 90 50-31, E-Mail: g.pauli@hoschke.de
DGAP 08.02.2008
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Language: English
Issuer: POLIS Immobilien AG
Potsdamer Straße 58
10785 Berlin
Deutschland
Phone: +49-30-85 62 17-0
Fax: +49-30-85 62 17-49
E-mail: info@polisag.de
Internet: www.polisag.de
ISIN: DE0006913304
WKN: 691330
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, München
End of News DGAP News-Service
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DGAP-Adhoc: POLIS Immobilien announces significant sales and earnings growth for 2007
| Source: EQS Group AG