CPI Europe AG — Earnings Release 2007

Sep 20, 2007

News Details

Corporate | 20 September 2007 07:20

IMMOFINANZ AG: IMMOFINANZ AG Announces the Results of Q1 2007/08

IMMOFINANZ AG / Quarter Results

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IMMOFINANZ AG Announces the Results of Q1 2007/08:

IMMOFINANZ – Outstanding Start to the 2007/08 Business Year

Earnings before tax (EBT): EUR 171.3 million (+ 43.5%)
Operating profit (EBIT): EUR 183.0 million (+ 26.3%)
Revenues: EUR 152.9 million (+ 29.8%)
Net asset value per share: EUR 11.3 (+ 23.5%)

IMMOFINANZ, Austria’s biggest listed real estate company, had a strong
start to the new 2007/08 business year. In the first quarter (1 May to 31
July 2007) the company showed vigorous profit and company growth, thereby
continuing the successful 2006/07 business year.

Earnings before tax rise 43.5 percent
Earnings before tax (EBT) rose 43.5 percent from EUR 119.4 million to EUR
171.3 million compared to the same period the year before. EBIT increased
26.3 percent from EUR 144.9 million to EUR 183,0 million.

Revenues: up 29.8 percent
The company’s pace of growth remained high as well. Revenues increased 29.8
percent from EUR 117.8 million to EUR 152.9 million.

Net asset value per share increases by 23.5 percent
NAV per share rose considerably, reaching EUR 11.3 at the end of the first
quarter, an increase of 23.5 percent by annual comparison. The performance
of the share does not reflect the upward trend. At EUR 9.19, the share is
currently listed at a discount of 18.7 percent. Profit per share increased
by exactly one third from EUR 0.15 to EUR 0.20.

Dividend yield 3.6 percent
The executive board proposed a dividend of EUR 0.33 per share to the
general meeting (27 September 2007) for the 2006/07 business year. If the
general meeting agrees, the dividend yield will be approx. 3.6 percent
based on the share price on 19th September. The dividend is the first
payout in the history of IMMOFINANZ.

Real estate assets increase to EUR 17.1 billion.
IMMOFINANZ’s real estate portfolio more than doubled within the year. On 31
July 2007 the fair value was EUR 17.1 billion, an increase of 113.3 percent
compared to EUR 8.0 billion. The number of properties increased by 31.8
percent from 2,181 to 2,876. Letable space rose by 52.5 percent from 8.0
million sqm to 12.1 million sqm.

Commensurate with the strategic objective of an increase in the
internationalisation of the real estate portfolio, the majority of new
investments took place outside of Austria. The focal points of growth for
IMMOEAST lie in the booming markets of the SEE region, particularly
Romania.
Involvement in Russia and Ukraine was also expanded. With the western
holding IMMOWEST, the lion’s share of investments was accounted for by
Germany, where multifunctional urban development projects and logistics
stood at the forefront.

Sectorally the real estate portfolio is also well-balanced. Measured
according to the share of letable space, at 32.7 percent the residential
sector is strongest followed by offices at 22.4 percent, retail at 17.7
percent, logistics at 16.4 percent and parking at 7.2 percent. Regionally
the areas of focus vary widely. With IMMOAUSTRIA the residential sector is
dominant, at IMMOWEST the logistics sector is strongest, while at IMMOEAST
the largest sectors are in office and retail.

Mag. Margit Hermentin
Investor Relations
IMMOFINANZ AG
Bankgasse 2
A-1010 Wien
Tel.: + 43/1/532 06 39-719
Fax: +43/1/532 06 39-790
e-mail: m.hermentin@immofinanz.com
20.09.2007 Financial News transmitted by DGAP

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Language: English
Issuer: IMMOFINANZ AG
Bankgasse 2
A-1010 Wien
Österreich
Phone: 0043 /1/ 536 16 - 461
Fax: 0043 /1/ 536 16 - 491
E-mail: s.degethof@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Amtlicher Markt in Wien; Freiverkehr in Berlin, München,
Stuttgart; Open Market in Frankfurt

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