results for the first three quarters of 2009/10 ad-hoc release Vienna, on 24 March 2010
IMMOFINANZ AG: Results for the first three quarters of 2009/10 (1 May to 31 October 2009)
* Turnover: EUR 552.8 million (-0.47%) EBITDA: EUR 281 7 million (+32.66%) * EBIT: EUR 246.7 million (previous year -1.754 billion) * EBT: EUR 265.8 million (previous year: EUR -3.321 million) * Cash flow from the result: EUR 252.9 million (+43.64%) Book value / share: EUR 4.92 (-0.63%) * NAV per share: EUR 5.55 (-4.90%) * Earnings per share: EUR 0.48 (previous year: EUR -4.06)
IMMOFINANZ AG achieved in the first three quarters of the marketing year 2009/10 solid, positive earnings trends. The earnings figures were consistently improved significantly over the previous year and show a sustained upward trend. With shareholder approval to merge with the subsidiary IMMOEAST in January 2010 the conditions for further structural improvement of the Group have been established, which will be a positive impact in the coming fiscal year increased.
revenue, EBITDA, cash flow, sales revenues were stable year on year and reached EUR 552.8 million to EUR 555.4 million reduction in rental income from the sale of objects from the collection were completions of development projects largely compensated. is significantly improved, however, the earnings and liquidity position: the operating result (EBITDA) increased by 32.66% to EUR 281.7 million and cash flow from earnings grew by 43.64% to EUR 252.9 million increase .
revaluation, depreciation, EBIT, the charges from the revaluation of property and depreciation was significantly lower than last year. In the first three quarters of 2009/10, the revaluation of properties resulted in a negative contribution of EUR -9.49 million after EUR -936.46 Million a year earlier. The losses were at EUR -25.55 million, also only a fraction of the previous year's figure of EUR -678.38 million has led to a massive improvement in Operating profit (EBIT) to EUR -1.75 million in same period of last year reached EUR 246.7 million. was
financial results, EBT A similar development is the financial result, which turned from EUR -1.566 million into positive and reached EUR 19.1 million. These factors were reflected in a dramatic increase of low income before income taxes of EUR -3.32 million to EUR 265.8 million.
Earnings / Share, NAV, earnings per share grew to EUR -4.06 in the same period also positive and was EUR 0.48. The Net Asset Value (NAV) per share (EUR 5.55) and the book value per share (EUR 4.92), however decreased in comparison (-4.90% and -0.63%). This is above all to the losses in the last quarter of the previous fiscal year and the higher number of shares through the conversion of convertible debt back in 2011.
'IBAG Bond
Negotiations on this subject compared with Constantia Packaging BV are almost complete. The required general settlement, including the acquisition of Zeta Aviso Bank of the five Austrian 'System banks' (Bank Austria, RZB, Erste Bank, Volksbank and BAWAG) designed but more difficult.
Investor Relations Contact: Margit Hermentin Head of Investor Relations IMMOFINANZ & IMMOEAST AG A-1120 Vienna, Gaudenzdorfergürtel 67 Tel: +43 (0) 5 7111-2290 Fax: +43 (0) 5 7111-8290
e -mail: m.hermentin @ @ immofinanz.com m.hermentin immoeast.com
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