DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Results
Forecast/Preliminary Results
03.03.2015 20:56
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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DEMIRE expects consolidated net profit in the double-digit million range
for the abbreviated 2014 financial year
Frankfurt/Main, March 3, 2015 - The Executive Board of DEMIRE Deutsche
Mittelstand Real Estate AG ("DEMIRE", ISIN DE000A0XFSF0) expects
consolidated net profit of an amount in the double-digit million range for
the abbreviated 2014 financial year (1 April to 31 December 2014) pursuant
to IFRS based on the findings available today in the context of preparing
the annual financial statements. In the previous financial year that ran
from 1 April 2013 to 31 March 2014, the Group recorded a consolidated net
loss under IFRS in the amount of approximately EUR 6 million. The projected
jump in earnings results from the fair value measurement of real estate
acquired in the abbreviated financial year and held as investment property.
Due to the lack of confirmation of these appraisal reports, the Company
cannot predict the ultimate effect of this appraisal at this time.
Therefore, the precise amount of reportable consolidated net profit has not
yet been firmly established.
The Executive Board
Disclaimer
The information in this release contains forward-looking statements that
involve a number of risks and uncertainties. The forward-looking statements
contained herein are based on current plans, expectations and estimates
made by the DEMIRE Executive Board on the date of their publication. Such
statements are neither promises nor guarantees, and are subject to a number
of known and unknown risks and uncertainties, some of which cannot be
influenced by DEMIRE. These risks and uncertainties could cause actual
results or circumstances to differ materially from the statements made
herein. DEMIRE is not obliged to update or release any revisions to the
forward-looking statement in this release to reflect events or
circumstances occurring after the date of this release.
Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner StraÃe 32
60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Telefax: +49 (0) 69-719 189 79 11
Email: ir@demire.ag
Web: www.demire.ag
Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Phone: +49 (0) 511 4740 2310
Email: ir@demire.ag
03.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner StraÃe 32
60528 Frankfurt am Main
Germany
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: info@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE expects consolidated net profit in the double-digit million range for the abbreviated 2014 financial year
| Source: EQS Group AG