euro adhoc: Vivacon AG
quarterly or semiannual financial statement
VIVACON
AG raises 9M EBIT from EUR 0.5 mn to EUR 9.9 mn
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.11.2005
Ad-hoc Announcement according § 15 WpHG
VIVACON AG raises 9M EBIT from EUR 0.5 mn to EUR 9.9 mn
Cologne, November 21st 2005. VIVACON AG (ISIN DE0006048911) increased total output in the first nine months of this year to EUR 129.8 mn from EUR 31.3 in the previous year due to increased activity in the trading of residential portfolios. Turnover was recorded at EUR 23.6 mn against EUR 31.5 in the first nine month of the previous year. VIVACON AG managed to grow EBIT from EUR 0.5 mn at 30.09.2004 to EUR 9.9 mn at 30.09.2005.
Net results improved from EUR -1.1 mn in the first nine months 2004 to EUR 5.4 mn in 2005. Earnings per share in this period rose from EUR -0.07 in 2004 to EUR 0.32 in 2005.
Pre-order volume which will turn into revenue over the next quarters reached EUR 28.2 mn as compared to EUR 17.3 in the prior year.
Traditionally VIVACON AG has wide swings in its quarterly earnings due to the project based nature of its business with most of the earnings falling into the fourth quarter.
end of announcement euro adhoc 21.11.2005 06:59:00
Further inquiry note:
Lars Schriewer
Director Communications
+49 (0) 221 93761-256
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
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Bayerische Börse / official dealing