Accentro Real Estate AG

Earnings Release • Nov 25, 2009

News Details

Corporate | 25 November 2009 08:52

ESTAVIS AG: Final results for first quarter 2009/10 confirm earnings turnaround

ESTAVIS AG / Interim Report

25.11.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

Berlin, 25 November 2009 - ESTAVIS AG (ISIN: DE000A0KFKB3) published today
the final results for the first quarter 2009/10, confirming the preliminary
key figures announced on 20 November 2009.

ESTAVIS AG recorded significant revenue growth and returned to
profitability in terms of net profit. The reorientation of ESTAVIS AG is
starting to bear fruit as planned.

Revenue increased to EUR 22.1 million after EUR 20.0 million in the
previous quarter. ESTAVIS AG reported positive earnings before interest and
taxes (EBIT) of EUR 2.1 million (previous year: EUR 2.4 million). Earnings
before taxes (EBIT) amounted to EUR 1.2 million (previous year: EUR 3.2
million).

Net profit rose to EUR 0.5 million as compared to previous year (EUR -3.0
million). Earnings per share developed accordingly to EUR 0.06 (previous
year: EUR -0.35).

ESTAVIS' equity ratio improved to 30.8 percent (30 June 2009: 23.7
percent).

The Management Board of ESTAVIS AG reiterates its outlook for the 2009/2010
financial year. Consolidated revenue is forecast to increase year-on-year
to between EUR 75.0-85.0 million (previous year: EUR 70.7 million), while
the Company is expected to return to profitability in terms of net profit.

The full interim report for the first quarter 2009/2010 in German is
available at http://www.estavis.de/investor-relations/finanzberichte, for
the English version go to
http://www.estavis.de/en/investor-relations/financial-reports.

About ESTAVIS
ESTAVIS offers the right solutions for institutional and private investors
in the field of residential property investments in Germany. This includes
the planning of new or the optimisation of existing individual or portfolio
investments, whether direct or indirect. In this process, the entire
value-added chain is oriented towards a successful exit - from property
assembly through optimisation to disposal. The key success factor and
competitive advantage of ESTAVIS is the strong sales network towards
individual investors. The ESTAVIS AG has its registered office in Berlin
and is listed in the prime standard of the Frankfurt Stock Exchange
(Security Identification Number): A0KFKB).

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

25.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

---