DGAP-Adhoc: ORCO Germany S.A. publishes preliminary group

ORCO Germany S.A. / Preliminary Results

08.04.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Luxembourg, 8th April 2009. The board of directors of ORCO Germany S.A.
(ISIN LU0251710041) has decided to release preliminary unaudited figures of
the group for the financial year 2008 that have been prepared under the
going concern assumption in order to inform on the operating, financial
performance and situation of the group as of December 2008. The complete
annual report for the financial year 2008 is expected to be published by
mid May 2009. According to the preliminary unaudited figures ORCO Germany
S.A. expects a group loss in an amount of EUR 121.4 million for the
financial year 2008. It is expected that the operating result of the group
for the financial year 2008 will amount to EUR -80.91 million. This result
is mainly due to the revaluation loss on the investment properties (EUR
-51.3 million), impairments on inventories (EUR -32.3 million) and the
market valuation of interest hedging instruments (EUR -18.5 million). These
extraordinary effects will negatively affect the group results in 2008 in
an amount of EUR 102.1 million. Therefore a positive 'Adjusted EBITA' (i.e.
operating result adjusted by deduction of net gain from fair value
adjustments on investment property, amortization, impairments and
provisions as well as a correction of cost of goods and assets sold) in an
amount of EUR 16.56 million is expected. Compared to the financial year
2007 the Adjusted EBITA will be increased by 18.3%.

The publication of the final results will be postponed. As a consequence of
the postponement of the publication of the final results for the financial
year 2008, the financial calendar will be changed. The exact dates
including the date of the annual ordinary general meeting will be announced
nearer the time.

For additional information please visit: http://www.orcogermany.de/ or
contact:

Sabrina Eilers
Head of Marketing & Communications
ORCO Germany
E-mail  seilers@orcogroup.com
http://www.orcogermany.de
DGAP 08.04.2009 
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Language:     English
Issuer:       ORCO Germany S.A.
              40, Parc d'Activités Capellen
              8308 Capellen
              Luxemburg
Phone:        +49 (0)30-440 123 190
Fax:          +49 (0)30-440 123 299
E-mail:       seilers@orcogroup.com
Internet:     www.orcogermany.de
ISIN:         LU0251710041
WKN:          A0JL4D
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Stuttgart, Düsseldorf
End of News                                     DGAP News-Service
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DGAP-Adhoc: ORCO Germany S.A. publishes preliminary group result for financial year 2008
