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ADLER Real Estate AG: Supervisory Board Confirms Results
31/03/2009 – Corporate News
- 2008 results weighed down by EUR 4.9 million in write-downs
- Capital base remains very strong
Hamburg, 31 March 2009. The results disclosed by ADLER Real Estate AG, Hamburg, for Financial Year 2008 have been characterized by revaluation of assets. In its balance sheet session, the Supervisory Board had adopted the company initial results estimate, under which the company had a consolidated net loss of EUR 4.2 million in 2008, following consolidated earnings of EUR 7.3 million the year before. Results have been weighed down by about EUR 4.9 million in writedowns. ADLER Group had a net operating profit of EUR 0.5 million in 2008. The consolidated balance sheet still shows strong shareholders' equity. The equity ratio at the end of the reporting year was 73.6%, down from 77.6% the year before. The company expects to get back into the black again this year.
The Management Board
If you have any questions, please contact:
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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Announcement according to articles 37v,
37w, 37x ff WpHG
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Announcement according to articles 37v,
37w, 37x ff WpHG
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ADLER Real Estate AG well positioned for 2010
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