Accentro Real Estate AG

Earnings Release • Oct 1, 2007

News Details

Ad-hoc | 1 October 2007 08:26

ESTAVIS AG announces sales and earnings guidance for financial year 2007/2008

ESTAVIS AG / Forecast

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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ESTAVIS AG announces sales and earnings guidance for financial year
2007/2008

Berlin, October 1, 2007 – ESTAVIS AG today announced its sales and earnings
guidance for the financial year 2007/2008. The company expects sales to
exceed EUR 300 million, an increase of more than 50 percent compared to the
prior financial year, with all companies of the ESTAVIS Group contributing
to this development. Sales of the newly acquired B&V GmbH are included on a
pro rata basis.

ESTAVIS AG also expects a significant increase of its earnings figures. The
company aims to achieve an EBIT margin between 12 and 14 percent (adjusted
for extraordinary effects).

With a pay-out in the amount of around 50 percent of the consolidated net
profit for the financial year 2007/2008, ESTAVIS AG plans to offer an
attractive dividend yield to its shareholders.

ESTAVIS AG enjoyed a positive course of business in the first quarter of
the current financial year.

The company hereby announces that it has sold a large real estate portfolio
with a transaction volume of around EUR 40 million to an institutional
investor. ESTAVIS AG expects significant portions of this transaction to be
recognised in its sales and earnings figures for the current first quarter
of the 2007/2008 financial year.

The portfolio has been assembled and structured ‚on-demand’ based on
pre-defined criteria. It includes 712 residential and commercial units
focusing on the regions Saxony and North-Rhine Westphalia. The properties
were predominantly acquired with the funds of the company’s IPO in April
2007.

Contact:
ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail: ir@estavis.de

01.10.2007 Financial News transmitted by DGAP

Language: English
Issuer: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Deutschland
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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