publity AG

Earnings Release • Jul 19, 2016

News Details

Corporate | 19 July 2016 08:00

publity enjoys significant higher revenues and earnings in H1 2016 according to preliminary figures

DGAP-News: publity AG / Key word(s): Half Year Results/Preliminary Results

2016-07-19 / 08:00

The issuer is solely responsible for the content of this announcement.

---

– Net profits in H1 2016 up by more than 40 percent to EUR 4.2 million – earnings per share EUR 0.69

– EBIT up by 60 percent to EUR 6.4 million; revenues up by around 100 percent to EUR 11.6 million.

– Assets under management at half year end at EUR 2.1 billion after EUR 1.6 billion at the end of 2015.

– Forecast for 2016 confirmed: Net profits to double

– Managing Board is planning to distribute a dividend of EUR 2.80 per share for 2016 (up 40 percent)

Leipzig, 19 July 2016 – publity AG (Entry Standard, ISIN DE0006972508), an investor and asset manager for German office properties, has recorded a significant increase in revenues and earnings in the first half of 2016 (preliminary figures). At the same time the company has confirmed its growth and earnings targets for 2016. Under HGB accounting, net profits in the first six months of 2016 totaled EUR 4.2 million, more than 40 percent higher than the result in the same period of the previous year of around EUR 3.0 million. This corresponds to earnings per share of EUR 0.69. EBIT soared to EUR 6.4 million after EUR 4.0 million in the previous year, up by 60 percent. Revenues totaled EUR 11.6 million, exceeding the previous year’s figure of EUR 5.7 million by 100 percent.

The successful co-investment business as part of joint ventures with international investors and the associated strong expansion in the real estate assets managed by publity had a positive impact. publity receives a finder’s fee when the properties are purchased, receives income for its extensive asset management, and also participates in the sale of the properties at a profit. Office properties with a value of EUR 0.5 billion were acquired from January to June 2016, causing publity AG’s assets under management (AuM) to increase to EUR 2.1 billion at the end of June 2016. At the end of 2015 AuM totaled EUR 1.6 billion. publity also already has a pipeline of properties of around EUR 0.9 billion. Exclusivity for these properties has already been agreed with the seller.

In addition, the NPL division (NPL – non-performing loans) also provided an additional positive impetus in the first half of 2016. During the period under review, publity received orders to exploit non-performing real estate loans with a nominal volume of EUR 1.7 billion from an international investor.

publity has confirmed its forecast for 2016 based on the excellent earnings in the first half of 2016, the extensive pipeline and the regular, long-term income accruing from asset management agreements. The company’s forecast is for an unchanged increase in EBIT to around EUR 37.5 million (2015: EUR 20.3 million), for net income to double to around EUR 25 million (2015: EUR 12.5 million) and for revenues to increase to around EUR 44 million (2015: EUR 23.0 million). Assets under management are forecast to total more than EUR 3 billion by the end of 2016, and more than EUR 5 billion by the end of 2017.

publity AG’s Managing and Supervisory Boards also intend to propose the disbursement of a dividend of EUR 2.80 per share to the next General Meeting. This is thus EUR 0.80 per share more than was paid out in fiscal year 2015. On this basis, the current dividend return is more than 10 percent.

The H1 2016 financial statements with the final financial indicators will be published on the company’s Web site www.publity.de on 15 August 2016.

Press contact:

Financial press and investor relations:

edicto GmbH

Axel Mühlhaus/Peggy Kropmanns

Telephone: +49 69 905505-52

E-Mail: publity@edicto.de

About publity

publity AG is an asset manager specialising in office properties in Germany. The company covers a broad value chain, from purchases through to the development and sale of the properties, and also has a track record of several hundred successful transactions. publity is characterised by its sustainable network in the real estate sector as well as banks’ Work Out departments, and has excellent access to funding. The company executes its transactions quickly using a highly efficient process with tried and trusted parters. In some cases, publity acts as a co-investor in joint venture transactions to a limited extent. publity AG’s shares (ISIN DE0006972508) are traded on Frankfurt Stock Exchange’s Entry Standard.

---

2016-07-19 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

---