euro adhoc: Financial Figures/Balance Sheet / CA Immo International 2007: Continued growth
Geschrieben am 25-03-2008 |
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
25.03.2008
The market-listed subsidiary CA Immobilien Anlagen AG bundles together the real estate business of the Group in the states of CEE, SEE and the CIS region. With the project development fund CA Immo New Europe and the H1 Hotelfonds fund, further investment products with clear content profiles were created for large institutional investors. Local teams in Budapest, Prague, Bucharest and Belgrade ensure maximum local networking.
Portfolio of ca. 725,867 m²
The portfolio policy of the company has been characterized by balanced expansion and sales activities. In sum, real estate assets increased by 34% over the 2006 figure to reach 708.4 m EUR (after taking into account sales and purchases, investments in project development and value growth); this included 17 income properties, seven projects in development and three properties for which down-payments toward a credit-purchase have already been made. These properties, taken together, offered floor space of around 725,802 m2 (including projects and parking spaces). In terms of geographic distribution 22% of floor space lie in Hungary, followed by Romania with 20% and Poland with 17%. In terms of usage, office space dominates the portfolio (ca. 68% of total floor space). Retail space accounted for 15% and hotels for 10% of floor space. The average economic vacancy rate (based on loss against ideal financial performance for the year) reached 3.5%, and on the balance-sheet date the vacancy rate was at 3.1% (compared to 7% at the close of 2006).
Business figures show continued positive development
The important business figures for CA Immo International continued to increase: turnover rose by 10% from 47.6 m EUR to 52.3 m EUR. Rental income remained constant at 38.1 m EUR after having been 38.2 m EUR, since 2007 acquisitions had been concentrated primarily on new project development and not on income properties. The net result improved by 7% to reach 36.3 m EUR. The operating result (EBIT) increased by 30% to make 82.9 m EUR. The corporate result simultaneously climbed by 41% to reach 67.2 m EUR.
Portfolio strategy: targeted growth in all markets
The continued development of the real estate portfolio in 2007 was characterized by a mixture of attractive new arrivals and strategically planned, isolated sales. The highlights among the new properties: - In Poland, CA Immo International entered the project "Poleczki Business Park" in Warsaw with a stake of 50%. The other 50% are held by the joint venture partner, in which the corporation holds a stake of 25% plus four shares. - In the Czech Republic, the business hotel "Diplomat Center" in Plzen, the project "CITY Deko" in Prague and the "English International School" (also in Prague) joined the portfolio. The office property "Jungmannova" in Prague was sold, with the proceeds from the sale representing a growth in value of 115% compared to the cumulative investment. - CA Immo International also expanded its presence in Hungary, adding the office building "Capital Square" in Budapest and a 50% stake in the project "Duna Center Györ" (a specialist retail centre). - The corporation entered the Serbian market for the first time, with the "Belgrade Office Center" (a credit purchase) and the office building "Sava City". - In Russia, CA Immo International is to put up the Airport City St. Petersburg together with real estate developer Warimpex.
Share price: CA Immo International subject to unfavourable conditions
In 2007, the share price and performance CA Immo International stock were affected to equal degrees by the turbulences on the international capital markets. In the year´s first half, both titles exhibited their usual steady growth.
At mid-year, the onset of negative developments on financial markets worldwide also began to have a negative effect on the Viennese stock market. CA Immo International stocks, like the entire industry, were unable to escape this downward trend and experienced large drops in their value. At the end of the year, the stock of CA Immo International listed at a discount of around 23% to its intrinsic worth on the balance sheet date.
This discrepancy between the actual value of the group and the image provided by stock prices also suggests that this may be a favourable time to purchase this title. It seems inevitable that the share price of CA Immo International will begin to reflect the positive business and assets development of these corporations much more realistically during the course of 2008.
Outlook for 2008
The CA Immo International will continue on its path of diversification and sustainable expansion. In doing so, the emphasis will be on those markets in south-eastern Europe in which the Group is already well-represented. Particular importance will be accorded the business field of "project development", and here the focus will be in particular on the development activities of the H1 Hotelfonds fund and CA Immo New Europe in the regions of SEE and Russia.
end of announcement euro adhoc --------------------------------------------------------------------------------
ots Originaltext: CA Immo International AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
CA Immo International AG
Dr. Bruno Ettenauer
Mag. Wolfhard Fromwald
Mag. Andrea Bauer
Tel.: +43/1/532 59 07
Fax: +43/1/532 59 07-510
E-mail: office@caimmointernational.com
www.caimmointernational.com
Branche: Real Estate ISIN: ATCAIMMOINT5 WKN: A0LBUV Index: WBI, ATX Prime Börsen: Wiener Börse AG / official market
Kontaktinformationen:
Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.
Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.
Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.
http://www.bankkaufmann.com/topics.html
Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.
@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf
E-Mail: media(at)at-symbol.de
127164
weitere Artikel:
- euro adhoc: Geschäftszahlen/Bilanz / CA Immo International 2007: Konsequente Fortsetzung des Wachstumskurses -------------------------------------------------------------------------------- Ad-hoc-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 25.03.2008 Die börsenotierte Tochter der CA Immobilien Anlagen AG bündelt das Immobiliengeschäft der Gruppe in den Staaten der CEE-, SEE- und GUS-Region. Mit dem Projektentwicklungsfonds CA Immo New Europe und dem H1 Hotelfonds wurden weitere mehr...
- TERMINAVISO: Live-Übertragung der Bilanzpressekonferenz der conwert Immobilien Invest SE anlässlich des Jahresergebnisses 2007 - VIDEO Wien (ots) - conwert Immobilien Invest SE lädt zur Pressekonferenz anlässlich der Veröffentlichung des Jahresergebnisses 2007. - Datum: Montag 31.03.2008 - Uhrzeit: 09:30 Uhr MEZ - Webcast: http://www.ots.at/webtv.php Rückfragehinweis: APA-OTS Originaltext-Service GmbH Mag.(FH) Christopher Kuschey Tel.: 01/36060 5315 E-Mail: christopher.kuschey@apa.at Originaltext: conwert Immobilien Invest SE Digitale Pressemappe: http://www.presseportal.de/pm/69461 Pressemappe via RSS : http://www.presseportal.de/rss/pm_69461.rss2 mehr...
- euro adhoc: Hans Einhell AG / Directors' Dealings Mitteilung über Geschäfte von Führungspersonen nach § 15a WpHG -------------------------------------------------------------------------------- Directors Dealings-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 18.03.2008 Frankfurt/Main (euro adhoc) - Personenbezogene Daten: -------------------------------------------------------------------------------- Mitteilungspflichtige Person: ----------------------------- Name: mehr...
- Galil Medical gibt die Ernennung von Martin J. Emerson zum Präsidenten und Chief Executive Officer bekannt YOKNEAM, Israel, und PLYMOUTH MEETING, Pennsylvania, March 25 (ots/PRNewswire) -- Das global agierende Kryotherapie-Unternehmen Galil Medical gab heute die Ernennung von Martin J. Emerson zum Präsidenten und Chief Executive Officer bekannt. Galil Medical ist marktführend im Bereich Kryotherapietechnik für die minimalinvasive Therapie von sowohl krebsartigen als auch gutartigen Tumoren. Martin Emerson verfügt über langjährige Erfahrung als erfolgreicher Manager in der Medizintechnikbranche und war zuletzt Präsident und CEO von American Medical mehr...
- Concordia Project stellt Identitätsmanagement-Interoperabilität auf der RSA-Konferenz 2008 vor San Francisco (ots/PRNewswire) - - Sieben Unternehmen nehmen an Interoperabilitätsszenarien teil, um die Anforderungen an Anwendungsfälle für digitales Multiprotokoll-Identitätsmanagement im Bildungs-, Unternehmens- und Regierungssektor zu erfüllen Das Concordia Project, eine internationale, branchenübergreifende Initiative, die von Mitgliedern der Identitätsgemeinde zur Förderung der Harmonisierung und Interoperabilität zwischen Identitätsinitiativen und - protokollen gegründet wurde, gab heute seine erste Interoperabilitäts-Veranstaltung mehr...
|
|
|
Mehr zu dem Thema Finanzen
Der meistgelesene Artikel zu dem Thema:
Century Casinos wurde in Russell 2000 Index aufgenommen
durchschnittliche Punktzahl: 0 Stimmen: 0
|