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