HAHN-Immobilien-Beteiligungs AG / Final Results 31.03.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PRESS RELEASE Fiscal year 2007: Hahn Group increases operating result (EBIT) by 170 per cent to Euro 22.7 million - Reorientation of the business model successfully concluded notable increase in proceeds from the Management segment - Group profit grows from Euro 4.1 to 7.1 million (+ 71 per cent) - Proposal to raise dividend by 50 per cent to Euro 0.18 per share - Expansion of institutional fund business in 2008: HAHN FCP-German Retail Funds established Bergisch Gladbach, March 31, 2008 The Hahn Group has concluded its most successful year in corporate history and paved the way for further growth by fully implementing its strategic reorientation. 'For us, 2007 was an exceedingly successful year, as well as a very important one,' said Bernhard Schoofs, Chairman of the Management Board of the Hahn Group. 'By consistently orienting the company to management and co-investment, we have taken the necessary steps to ensure our long-term success. In an economic climate which has been dogged by great uncertainty over the past few months, we have been able prove our independence from the financial markets influences and volatility by achieving our targets. We now aim to continue along this growth path: with the expansion of our institutional fund business we are laying the foundations for a continuingrise in proceeds from the Management segment in the coming years.' Assets under management an important basis for future proceeds from the Management segment climbed 12.5 per cent to Euro 2.25 billion. The consolidated operating profit (EBIT) rose 170 per cent to Euro 22.69 million. In fiscal 2007, the sales of the Hahn Group increased by 1.2 per cent over the previous year's figure (Euro 127.85 million), reaching Euro 129.96 million. The result after taxes climbed 71.5 per cent to Euro 7.06 million (previous year: Euro 4.12 million), thus achieving the best result in the history of the company. The earnings per share came to Euro 0.59 (previous year Euro 0.40). The Management Board and the Supervisory Board of HAHN-Immobilien-Beteiligungs AG intend to propose a dividend of Euro 0.18 per share at the Shareholders' Meeting, an increase of 50 per cent on last year's dividend of Euro 0.12. In the fiscal year 2007, the Hahn Group purchased properties or stakes in real estate companies with a total volume of Euro 169 million from third parties. Additionally, shares in investment properties from the Pluswertfonds product segment with a total investment volume of some Euro 374 million were repurchased. This brought the sum total for the volume of objects acquired to Euro 543 million (previous year: Euro 260 million). The average net initial yields for the properties came in at over 6.5 per cent. Of the properties acquired in 2007, objects with a total volume of Euro 258 million were reinvested: some Euro 210 million with private or institutional investors and Euro 48 million in Hahn's sole investment portfolio. A very important new investment instrument will be the HAHN FCP German Retail Fund, established in March in cooperation with LRI Invest S.A. Set up according to the law of Luxembourg and specializing in large-scale retail properties, this real estate fund will benefit from the Hahn Group's real estate expertise as an actively managed fund. The Hahn Group has secured a pipeline of over Euro 200 million for the fund. Business Segments The Trading segment, which is responsible for the sale of properties and property companies as well as the marketing of funds, attained sales in the amount of Euro 115.64 million (previous year: Euro 120.57 million). The operating result (EBIT) doubled from Euro 8.27 million to Euro 16.4 million. The Management segment, comprising the Asset, Property and Fund Management divisions posted growth in sales of around 82 per cent to Euro 13.07 million. This very positive development was driven by all Management divisions. In Asset Management, the sales rose by 67.4 per cent and in Property and Fund Management by 31.3 and 68.1 per cent respectively. This reflects the Group's strategic orientation toward management activities. The operating result almost quadrupled to Euro 5.9 million (previous year: Euro 1.49 million). In the Investment segment, which comprises both co-investments with institutional partners and sole investments, the extension of investments allowed rental revenues and investment income to be increased significantly. Sales grew almost ten-fold to Euro 2.51 million. The EBIT rose from last year's figure of Euro 0.23 million to Euro 2.11 million. Outlook The launch of the HAHN FCP German Retail Fund planned for 2008 will have a sustained positive effect on the future revenues of the Hahn Group. Taking account of the launching costs expected for initiating the placement of the fund and assuming a positive development of our segments, we expect the development of results to be stable overall in 2008. For 2009, we expect a notable growth in profits due to higher management fees from the institutional fund business. The 2007 annual report is available online at www.hahnag.de. Hahn Group For more than 25 years the Hahn Group has been the real estate specialist in retail trade. With a rental space of around 1.5 million m2 under management at almost 170 different locations and a total investment volume of about Euro 2.3 billion, the Hahn Group is the German market leader in the management of large-scale retail real estate. With extensive asset, property and fund management services for private and institutional investors, Hahn develops all sources of revenue and added value potential relating to real estate; in addition Hahn acts as an investor. The Hahn Group is listed on all German stock exchanges. Further information is available under www.hahnag.de Contact Hahn Group Marc Weisener Investor Relations / Press Buddestrasse 14 51429 Bergisch Gladbach Phone: +49 2204-94 90-118 Fax: +49 2204-94 90-139 Email: mweisener@hahnag.de DGAP 31.03.2008 --------------------------------------------------------------------------- Language: English Issuer: HAHN-Immobilien-Beteiligungs AG Buddestrasse 14 51429 Bergisch Gladbach Deutschland Phone: +49 (0)2204 9490-118 Fax: +49 (0)2204 9490-139 E-mail: mweisener@hahnag.de Internet: www.hahnag.de ISIN: DE0006006703 WKN: 600670 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Fiscal year 2007: Hahn Group increases operating result (EBIT) by 170 per cent to Euro 22.7 million
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