PATRIZIA AG

Earnings Release • Aug 15, 2006

News Details

Ad-hoc | 15 August 2006 07:24

PATRIZIA Immobilien AG:boost revenues to EUR 128.5 million in the first six month of 2006

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ad-hoc press release pursuant to Section 15 of the German Securities Trading Act (WpHG): PATRIZIA Immobilien AG boost revenues to EUR 128.5 million in the first six month of 2006 Augsburg, August 15, 2006. In the first six month of 2006, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) boosted revenues to EUR 128.5 million. Revenues were thus more than five times the figures recording for the corresponding period a year ago (first half 2005 EUR 21.7 million). An above-average increase in revenues from the sale of residential property is the principal reason for this gain. Since personnel and other operating expenses increased at a substantially lower rate in the first half of 2006, the company was able to report earnings before tax and interest (EBIT) of EUR 25.0 million, against EUR 3.0 million a year earlier. Net profit of EUR 15.2 million was generated in the first six months of the current fiscal year, against EUR 0.5 million in the first half of fiscal 2005. PATRIZIA Immobilien AG expects this pattern of growth to continue in the next quarters of 2006. Visit www.patrizia.ag to read the full interim report for the second quarter of 2006. The Managing Board Augsburg, August 15, 2006 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg Germany Admitted to trading on the Official Market (Prime Standard) of the Frankfurt Stock Exchange. ISIN: DE000PAT1AG3 SIN: PAT1AG Contact: Investor Relations Claudia Kellert Phone +49 (0)821 50910-360 Fax +49 (0)821 50910-399 investor.relations@patrizia.ag Press Astrid Schüler Phone +49 (0)821 50910-623 Fax+49 (0)821 50910-695 presse@patrizia.ag (c)DGAP 15.08.2006 ————————————————————————— Language: English Issuer: PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Deutschland Phone: +49 (0)821 – 509 10-000 Fax: +49 (0)821 – 509 10-999 E-mail: investor.relations@patrizia.ag WWW: www.patrizia.ag ISIN: DE000PAT1AG3 WKN: PAT1AG Indices: S-DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart End of News DGAP News-Service —————————————————————-