  |
|
|
ADLER Real Estate AG well positioned
Notice Pursuant to § 15 of the Securities Trading Act
- ADLER Real Estate AG publishes Nine-month result
- Expectations for 2008 adjusted
Hamburg, 14 November 2008. ADLER Real Estate AG (ISIN DE0005008007), Frankfurt, is adapting to the general slowdown in economic growth and altered conditions on the financing markets brought on by the financial crisis. For the year as a whole, the Management Board assumes that the company will achieve a slightly positive — but in all cases a balanced — result, after original forecasts called for a return of approx. 10% to 15% on equity. The current estimate takes into account the tougher financing conditions for large real estate projects, which could lead to a slowdown in transactions. Irrespective of this, the company is still consistently further developing its current projects. Various successful steps, including the parceling of building land and the preparations for issuance of building permits, have improved the company asset values.
The financial statements as of 30 September 2008 still do not contain the sale, successfully closed in October, of the land to develop a logistics center in Duisburg. As a result, the income statement for the first nine months closed with a negative consolidated result of EUR 2.4 million. EBIT also amounted to minus EUR 2.4 million. Revenue declined in the reporting period to EUR 3.14 million (previous year:15.3), but was not comparable to the previous year, which included extraordinary income from the takeover of MÜBAU Real Estate GmbH. The sale of the property for logistic space became effective in October 2008 when the purchase price became due. This will lead to a significant improvement in the Group's liquidity and earnings positions in the fourth quarter. The equity ratio amounts to 74%. The company thus feels it is well armed to pass through the general crisis and to take advantage of any opportunities that arise.
The Management 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
|
|
|
|
|
|
| | | |
| 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
|
|
|
