euro adhoc: CA Immobilien Anlagen Aktiengesellschaft
Financial Figures/Balance
Sheet
Interim Report for CA Immobilien Anlagen AG as of 30 June 2008
. Acquisition and integration of Vivico impacts balancesheet and earnings
situation of CA ...
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
6-month report
29.08.2008
Vienna, August 29, 2008. Operational business of CA Immo developed positively during the first six months of 2008: Compared to the first half of 2007, rental income recorded an increase of 42% to EUR 85.5 m. EBITDA increased by 28% from EUR 48.5 m last year to EUR 62.1 m in H1 2008. Compared to the first half of last year the other key development was a significant decline in the revaluation results, decreasing from EUR 32.1 m in the first half of 2007 to EUR -0.1 m. EBIT fell from EUR 79.5 m to EUR 59.1 m. Furthermore, financing costs increased as a result of the acquisition of Vivico, which is reflected in the financial result (EUR -41.9 m in the first half year 2008 compared to EUR -12.8 m in the first half of 2007), and thus impacted the net income. Net income attributable to the parent company for the first half of 2008 came out at EUR 6.6 m, compared to EUR 35.4 m in the first half of 2007. The real estate portfolio of the CA Immo Group showed a remarkable increase during H1 2008 and - mainly thanks to the first time inclusion of the EUR 1.3 bn portfolio of Vivico - increased by 61% compared to the end of 2007 and reached EUR 4.07 bn. Despite the challenging market environment NNNAV per share grew by 4.98 % from EUR 22.51 as of 31.12.2007 to EUR 23.63. This growth underlines the value accretive impact of the Vivico acquisition. In view of the contribution expected by the end of the year from the proceeds from sales from Vivico, we are confident that the result for the second half of 2008 will be significantly higher than that for the first six months.
Key financial figures
| | | | | |in million EUR |1st HY 2008|1st HY 2007|Change | |Rental income |85.5 |60.3 |+ 42 % | |Net operating income |69.9 |52.4 |+ 33% | |Result from the sale of properties|7.4 |5.3 |+ 40% | |EBITDA |62.1 |48.5 |+ 28 % | |Change from revaluation |(0.1) |32.1 |n.m. | |Operating result (EBIT) |59.1 |79.5 |- 26 % | |Financial result |(41.9) |(12.8) |n.m. | |Net income before taxes (EBT) |17.3 |66.7 |- 74 % | |Consolidated net income |9.4 |53.0 |- 82 % | |Consolidated net income after |6.6 |35.4 |- 81 % | |minorities | | | | |Earnings per share (in EUR) |0.08 |0.52 |- 85 % | |Operating cash-flow |49.4 |42.5 |+ 16 % | |Rental income per share (in E) |0.98 |0.88 |+ 11 % | | | | | | | |30-6-08 |31-12-07 |Change | |Property assets (EUR m) |4,071.8 |2,535.3 |+61 % | |NAV per share (in EUR) |22.52 |22.04 |+2 % | |NNNAV per share (in EUR) |23.63 |22.51 |+5 % |
end of announcement euro adhoc
Further inquiry note:
CA Immobilien Anlagen AG
Bruno Ettenauer
Wolfhard Fromwald
Susanne Steinböck (Corporate Communication)
Claudia Hainz (Investor Relations)
T: 01/532 59 07
F: 01/532 59 07-510
E-Mail: office@caimmoag.com
www.caimmoag.com
Branche: Real Estate
ISIN: AT0000641352
WKN: 064135
Index: Immobilien-ATX
Börsen: Wiener Börse AG / official market