euro adhoc: Vivacon AG
Earnings
VIVACON AG grows Net Income by
99% to EUR 6.8 mn in 2004
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
14.02.2005
Ad-hoc Announcement to § 15 WpHG
VIVACON AG grows Net Income by 99% to EUR 6.8 mn in 2004
-Preliminary figures for the financial year 2004-
Cologne, February 14th 2005. VIVACON AG (ISIN DE0006048911) today announces subject to final confirmation by its auditors and supervisory board revenues of EUR 101.9 mn (+136%), an EBIT of EUR 14.5 mn (+69%) and a net income of EUR 6.8 mn (+99%) for the financial year 2004, again achieving substantial year-on-year growth and record earnings.
2004p 2003 Increase Revenues (EUR mn) 101.9 43.2 136% EBIT (EUR mn) 14.5 8.6 69% Net income (EUR mn) 6.8 3.4 99% Earnings per share (EUR) 0.55 0.31 78%
p = preliminary figures for the Vivacon group subject to final auditor and supervisory board confirmation
"We are proud indeed VIVACON AG has been able to again continue its growth path in the past year. As usually, the 4th quarter proved to be of key relevance, as VIVACON AG entered a new business area by successfully marketing a large-scale residential privatisation portfolio to a institutional investor. We are looking at 2005 with optimism and are confident we will again be able to achieve a significant expansion of revenues and earnings," Marc Leffin, CEO of VIVACON AG on the announcement of these preliminary numbers.
The announcement of the final figures for 2004 is expected for February 28th, 2005.
end of announcement euro adhoc 14.02.2005 07:01:00
Further inquiry note:
Lars Schriewer
Tel.: +49 (0) 221 93761 26
E-Mail: lars.schriewer@vivacon.de
Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: General Standard, CDAX
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / official dealing