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ADLER Real Estate AG aiming for two-digit return on equity
Ad hoc Publicity pursuant to § 15 Wertpapierhandelsgesetz (WpHG/German Security Trading Act)
- Expansion and growth of business operations in 2007
- High net income also through special influencing factors
Hamburg, March 10, 2008. ADLER Real Estate AG, Hamburg, expanded its operating business in 2007 and successfully achieved again a very positive result. The annual net surplus of EUR 7.27 million (previously: EUR 8.56 million) resulted again from special influencing factors, namely from the acquisition of MÜBAU Real Estate GmbH and the liquidation of some assets, which in this context were acquired. These transactions are reflected in other operating income that increased to EUR 18.43 million (previously: EUR 12.16 million). Earnings per share amounted to EUR 0.48 for the financial year 2007 (previously: EUR 0.70).
The increase in consolidated revenues to EUR 5.41 million (previous: EUR 2.63 million) is the result of ongoing sales of properties, rental income of property portfolios and asset management fees, a result of the acquisition of two portfolios in November 2007 that will be the basis of revenues in the coming years. The earnings should be retained, following the proposal of the Managing Board, in order to sustain the basis for further business expansion.
In 2008, the expenses of the Group will be covered by current revenues, particularly from the asset management. The asset Management will be vigorously expanded also in 2008. Moreover, it is planned to generate additional operating revenues from ongoing project development. Altogether, the Managing Board aims at a return of 10 to 15% on invested capital. The Supervisory Board will decide at a meeting at the end of March on the adoption of the annual accounts. The complete annual report will be published at end of April.
Managing Board
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
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| NEWS |
share price
0,601 € (3.02.2012)
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27/04/2011
ADLER Real Estate AG:
Announcement according to articles 37v,
37w, 37x ff WpHG
27/04/2010
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Announcement according to articles 37v,
37w, 37x ff WpHG
26/03/2010
ADLER Real Estate AG well positioned for 2010
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