  |
|
|
ADLER Real Estate AG:
Consolidated Profit significantly improved
Ad hoc publicity Pursuant to § 15 WpHG (German Securities Trading Act)
- ADLER presents nine month report
- Consolidated profit rose to EUR 7.597 million (EUR 1.678 million)
- Basis for growing operational business established
Hamburg, November 30, 2007: In the course of the business year 2007, ADLER Real Estate AG (ISIN DE0005008007), Frankfurt has considerably expanded the basics for its operational business and at the same time for its Company result. As presented in the actual nine month report 2007, the consolidated profit rose to EUR 7.597 million during the first nine months which is three times as high as in the same period of the previous year (EUR 2.064 million). This result is considerably affected by the acquisition of MÜBAU Real Estate GmbH beginning of the year.
ADLER reports a successful expansion of business operations and a clear structuring in its business lines containing asset management, portfolio properties and project development. As of September 30, 2007, the sales revenues of the ADLER Group increased to EUR 4.269 million (EUR 2.628 million). The operating income adds up to EUR 15.297 million as of September 30, 2007, more than four times as much as in the previous year (EUR 3.445 million). Hence, a basis was established in the asset management division to continuous growing revenues allowing ADLER to assume the management of two real estate portfolios in Germany along with affiliated companies of the US-insurer American International Group, Inc (AIG). ADLER holds a 15 percent stake in the total investment amounting to EUR 136 million and participates consequently in increasing revenues and portfolio value enhancements. ADLER is currently managing assets of EUR 200 million.
In the range of project development business, a number of projects are currently developing successful as demonstrated in the springtime acquired land for a logistics center in Duisburg. Also the concept of the recent investment of ADLER's subsidiary Muenchener Baugesellschaft in a developing area for single houses in the county district of Freising near to Munich is well accepted on the market. The Managing Board of ADLER expects an annual profit of about EUR 7 million for the business year 2007. It remains to be seen if additional revenues might be achieved by sales or transactions in project dealings during the fourth quarter 2007.
Managing Board
About ADLER Real Estate AG: ADLER Real Estate AG is active in asset management, building-up of portfolio properties and commercial real estate development. The Company's core competence consists in value and profit orientated asset management and focuses on the realization and marketing of high quality real estate projects. Hence, ADLER Real Estate AG aims to strategic partnership if major projects occur. ADLER Real Estate AG's history dates back to the renowned Adlerwerke in Frankfurt which were founded in the 19th century. Today, the majority shareholder of ADLER Real Estate AG is the U.S. Investor Mezzanine IX.
If you may have any request please refer as follows:
german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg
Tel.: 040/46 88 33 0, Fax: 040/47 81 80
presse@german-communications.com
|
|
|
|
|
|
| | | |
| NEWS |
share price
0,601 € (3.02.2012)
...................................................................
08/12/2011
ADLER Real Estate AG announces share buyback program
27/10/2011
ADLER Real Estate AG Sells Property in Berlin
28/04/2011
ADLER Real Estate AG with clear improvement in results
27/04/2011
ADLER Real Estate AG:
Announcement according to articles 37v,
37w, 37x ff WpHG
27/04/2010
ADLER Real Estate AG:
Announcement according to articles 37v,
37w, 37x ff WpHG
26/03/2010
ADLER Real Estate AG well positioned for 2010
|
|
|
