DIC Asset AG — Earnings Release 2006

May 31, 2006

News Details

Ad-hoc | 31 May 2006 08:36

DIC Asset AG triples results in the first quarter of 2006

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) presented its first quarterly report today, posting strong growth and high profitability for the first quarter of 2006. At EUR 1.3 million, DIC Asset AG’s consolidated net income was up EUR 1 million on the first quarter of 2005, or more than three times higher than a year ago. This dynamic growth was driven predominantly by strong increases in rental income, and by higher net interest income. Rental income was up strongly, by 33% to EUR 6.0 million during the first quarter, as a result of the expansion in the real estate portfolio to just under 270,000 m² (up 24%). The corresponding EUR 1.1 million increase in total expenditure, to EUR 3.6 million, was in line with projections, and predominantly attributable to staff hiring. First-quarter EBITDA (earnings before interest, income taxes, depreciation and amortization) was up 16%, to EUR 4.3 million, whilst EBIT (earnings before interest and income taxes) rose by 15%, to EUR 3.2 million. DIC Asset AG’s total assets stood at EUR 401.9 million as at 31 March 2006 (31 Dec 2005: EUR 369.8 million). DIC Asset AG Stephan Gramkow Eschersheimer Landstrasse 223 60320 Frankfurt/Main, Germany Fon +49 69 274033-10 Fax +49 69 274033-70 ir@dic-asset.de (c)DGAP 31.05.2006 ————————————————————————— Language: English Issuer: DIC Asset AG Eschersheimer Landstr. 223 60320 Frankfurt Deutschland Phone: 069 / 274033-0 Fax: 069 / 274033-69 email: info@dic-asset.de WWW: www.dic-asset.de ISIN: DE0005098404 WKN: 509840 indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München End of News DGAP News-Service —————————————————————————