DGAP-Adhoc: BBI Bürgerliches Brauhaus Immobilien AG publishes group results for 2007 (IFRS)

BBI Bürgerliches Brauhaus Immobilien AG / Final Results

01.04.2008 

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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- Revenues up 39.2% to EUR 21.5 million
- EBIT more than triples to EUR 7.0 million  

Ingolstadt, April 1, 2008 – BBI Bürgerliches Brauhaus Immobilien AG (BBI
AG), a company specializing in the portfolio management of retail
properties, has significantly increased its revenues and earnings in fiscal
year 2007. Compared to fiscal year 2006, revenues increased from EUR 15.5
million to EUR 21.5 million. In its core real estate business, the company
recorded revenues totaling EUR 7.7 million (previous year EUR 1.4 million),
whereas the beverages segment recorded revenues totaling EUR 13.8 million
(previous year: EUR 14.0 million).

EBIT increased to EUR 7.0 million, more than triple the previous year's
total (EUR 2.2 million). As a result, the BBI Group's EBIT margin is 32.7%.
The year-on-year increase is mostly due to the expansion of the company's
real estate portfolio. After deducting net interest income there were
pre-tax profits of EUR 4.2 million, and BBI AG increased its pre-tax margin
to 19.6% (previous year: 10.5%). As a result of the reform of corporate
taxation, in fiscal year 2007 income tax expenses in the amount of EUR 401
thousand were lower compared to previous year’s value of EUR 694 thousand.
The resulting consolidated net income totaled EUR 3.8 million, up more than
four-fold year on year (EUR 0.9 million).
This corresponds to earnings per share of EUR 0.73 (previous year: EUR
0.52). Calculations were based on 5,200,000 shares in circulation.

The complete annual report is expected to be published on
www.bbi-immobilien-ag.de end of April 2008.<End of ad-hoc disclosure>

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Information and Explaination of the Issuer to this News:

Company Profile

The BBI Bürgerliches Brauhaus Immobilien AG (BBI AG) emerged in the year
2006 from the Bürgerliches Brauhaus Ingolstadt AG and its long-established
subsidiary Herrnbräu. Following the takeover of the property inventory of
the brewery real estate, the BBI AG positioned itself as a company focusing
on the asset management of commercial real estate in the segment close to
the consumer. In this respect, specialist retailers, retail centres and
supermarkets rank in particular among the holdings. A total of 14
properties from the previous stock balance and 16 newly acquired properties
belong to the real estate portfolio. As of 31st December 2007, these
properties have provided a total of around 102,000 square metres of
lettable area to third parties and they generate an average rental yield of
6.5% p.a. with reference to the book value of EUR 118 million. All of the
properties are fully let, most of them on a long-term lease. In order to
drive growth, the BBI AG has secured, either contractually or through
letters of intent, a further 17 properties that are currently at the
development stage for capital expenditure amounting to approximately EUR
153 million. These new properties, which have for the most part already
been taken by reputable anchor tenants, are to be delivered to the BBI AG
between 2008 and 2010 and will thus contribute to the further increase in
turnover and yield.


Contact

Investor & Media Relations
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 – 205855-11
Fax: +49(0)611 – 205855-66 
e-mail: wiehle@cometis.de


DGAP 01.04.2008 
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Language:     English
Issuer:       BBI Bürgerliches Brauhaus Immobilien AG
              Manchinger Straße 95
              85053 Ingolstadt
              Deutschland
Phone:        +49 (0)841 6 31 - 2 05
Fax:          +49 (0)841 6 31 - 2 11
E-mail:       franz.katzenbogen@herrnbraeu.de
Internet:     www.bbi-immobilien-ag.de
ISIN:         DE0005280002
WKN:          528000
Listed:       Regulierter Markt in München; Open Market in Frankfurt
End of News                                     DGAP News-Service
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