euro adhoc: Vivacon AG
Financial Figures/Balance Sheet
VIVACON AG increased
net income to EUR 24.6m (+252%) in 2005
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.02.2006
Cologne, 20. February 2006. VIVACON AG (ISIN DE0006048911) sold apartments with a total value of EUR 367.9m in FY 2005. This is an increase of 228% in comparison to 112.1m in the year before. As most of the transaction volume was realised as "share deals", volume differs significantly from revenues. In FY 2005 revenues reached EUR 85.3m (FY 2004: EUR 101.9m).
EBIT increased to EUR 40.4m (+172%) after EUR 14.8m in the year before and net income rose to EUR 24.6m (+252%) from EUR 7.0m in FY 2004. EPS grew to EUR 1.41 (+205%) from EUR 0.46 in the previous before.
The equity ratio increased from 29.1% in the previous year to 32.5% at 31th December 2005 and emphasises the groups solid financial structure.
In total VIVACON AG sold 8,470 apartments in 2005. This is an increase of 346% in comparison to 1,899 apartments in 2004. Order backlog increased to EUR 54.0m from EUR 33.2m (+63%) in the previous year, which is a solid base for the current fiscal year.
The announced figures are subject to final confirmation by the auditors and supervisory board.
end of announcement euro adhoc 20.02.2006 06:47:00
Further inquiry note:
Lars Schriewer
+49 (0) 221 93761-26
lars.schriewer@vivacon.de
Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime All Share, Classic All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / official dealing