EANS-Adhoc: CA Immo International AG / Interim report as of 30 September 2009: Stable operative development
Geschrieben am 25-11-2009 |
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
9-month report
25.11.2009
Operative performance of third quarter in line with previous quarters
Significant reduction of revaluation losses in Q3 Increase of operating cash flow by 9 % 20.000 m² new leases and 36.000 m² renewals with existing tenants
Vienna, November 25 2009. The operative results of the third quarter are largely in line with the preceding quarters. The rental income of the CA Immo International Group increased by 1.2 % compared to the first nine months of the previous year and reached EUR 30.0 m. The implementation of cost cutting measures lead to a significant reduction of indirect expenditures, which decreased by 28.8 % to EUR -7.5 m. There were no sales of properties in the first nine months of 2009, while in the previous year property sales had contributed EUR 7.0 m to the result. Consequently EBITDA decreased (1-9/2009: EUR 20.1 m vs. EUR 26.0 m in 1- 9/2008). The revaluation result amounted to EUR -127.0 m. Of these non-cash changes in valuation EUR -24.1 m relate to Q3, showing a clear reduction of the revaluation losses compared to the previous quarters. In addition to the financing costs of EUR -13.3 m, the financial result was also negatively impacted by non-cash negative effects from valuation changes of interest rate hedges and impairments of affiliated companies and therefore amounted EUR -19.7 m for the first nine months of 2009 (2008: EUR -2.8 m). Net income after minorities was EUR -106.6 m (2008: EUR 7.7 m). The operating cash flow, however, showed a significantly positive development and reached EUR 19.3 m, an increase of 9.0 % compared to the first nine months of 2008. The equity ratio of CA Immo International at the balance sheet date reached 49.1 %. Net debt as of 30 September 2009 was EUR 240.8 m compared to a real estate portfolio of EUR 688.7 m. Net asset value (NAV) per share as of 30 September 2009 was EUR 9.73 (Dec 31 2008: EUR 12.20). During the last months the business activity was mainly focused on lettings. In the first nine months of 2009 new leases for 20.000 m² as well as renewals and extensions of existing tenants of 36.000 m² were confirmed.
The financial report for the first nine months 2009 of CA Immo International AG is available on www.caimmointernational.com
Key financial figures
| | | | | |in EUR million |1-9/2009 |1-9/2008 |change | |Rental income |30.0 |29.7 |1.2% | |Net operating income |26.2 |28.1 |-6.6% | |Result from the sale of investment |0.0 |7.0 |n.a. | |properties | | | | |Indirect expenditure |-7.5 |-10.5 |-28.8% | |EBITDA |20.1 |26.0 |-22.7% | |Revaluation result |-127.0 |-6.7 |n.a. | |EBIT |-107.0 |17.8 |n.a. | |Financing costs |-13.3 |-11.3 |18.5% | |Other financial result |-6.4 |8.5 |n.a. | |Net income before taxes (EBT) |-126.7 |15.0 |n.a. | |Consolidated net income |-115.0 |5.6 |n.a. | |Consolidated net income, parent company |-106.6 |7.7 |n.a. | |Result per share (in EUR) |-2.45 |0.18 |n.a. | |Operating cash flow |19.3 |17.7 |9.0% | | | | | | | |30 Sept 2009|31 Dec 2008| | |Property assets |688.7 |751.7 |-8.4% | |Total assets |906.7 |996.2 |-9.0% | |Lt. financial liabilities |343.5 |287.2 |19.6% | |St. financial liabilities |22.7 |28.4 |-20.1% | |Cash and cash equivalents |125.3 |148.8 |-15.8% | |Equity |445.1 |558.5 |-20.3% | |Equity ratio |49.1% |56.1% |-7.0 pp | |NAV per share (in EUR) |9.73 |12.20 |-20.2% | |NNNAV per share (in EUR) |10.02 |12.65 |-20.8% |
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
Florian Nowotny (Investor Relations)
Claudia Hainz (Investor Relations)
Tel.: +43 (0)1 532 59 07
Fax: +43 (0)1 532 59 07-595
e-mail: ir@caimmointernational.com
www.caimmointernational.com
Mag. Claudia Hainz
Tel.: 01/532 59 07-502
eMail: hainz@caimmointernational.com
Mag. Florian Nowotny
Tel.: 01/532 59 07-518
eMail:nowotny@caimmointernational.com
Branche: Real Estate ISIN: ATCAIMMOINT5 WKN: A0LBUV Index: WBI, ATX Prime Börsen: Wien / official market
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