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EANS-News: YOUNIQ AG publishes business figures for fiscal year 2012

Geschrieben am 27-03-2013

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Subtitle: EBIT of EUR 5.9 million achieved in the “YOUNIQ - Student
Housing” segment / Greifswald, Karlsruhe and Munich I sites sold to
MPC / 60% of the portfolio from the “Renting and Trading Real Estate”
segment sold or future sale agreements signed

Financial Figures/Balance Sheet

Frankfurt am Main (euro adhoc) - 27 March 2013 - The YOUNIQ Group was
able to record satisfactory development in the "YOUNIQ - Student
Housing" segment in the fiscal year 2012. In its core business, the
Group generated earnings before interest and taxes (EBIT) of EUR 5.9
million (2011: EUR 10.0 million) as well as a total comprehensive
income of EUR 4.0 million (2011: EUR 1.8 million). In addition to the
Munich Schleißheimer Straße project, the Frankfurt-Riedberg I site
was also completed in the financial year 2012. With the sale of the
real estate in Karlsruhe, Greifswald and Munich Schleißheimer Straße
during the course of the year, three of the four total transactions
were concluded with a fund initiated by MPC Capital AG. Construction
work commenced on four further projects (Mainz, Potsdam, Bayreuth,
Frankfurt II) which are due to be completed by winter semester
2013/14.

At Group level, YOUNIQ AG generated profit from changes in the
valuation of investment property of EUR 6.7 million in the financial
year 2012 (2011: EUR 6.9 million). On the back of the full occupation
of the properties in Karlsruhe, Greifswald and Munich Schleißheimer
Straße, as well as the proportionate rental of the first property at
Frankfurt Riedberg, rental income came in at EUR 5.3 million (2011:
EUR 3.2 million). Consolidated net profit from continuing operations
(YOUNIQ - Student Housing, Services) was recorded at EUR 0.1 million
(2011: EUR 1.4 million). Including the discontinued operations
(Renting and Trading Real Estate, Project Development), the Group
recorded a consolidated net loss for the period of EUR 7.1 million
(2011: EUR -21.0 million).

The net asset position of the YOUNIQ Group was substantially
influenced by the three transactions with MPC Capital during the
reporting period. The sale and balance sheet disposal of the
properties in Karlsruhe, Greifswald and Munich led to changes in the
Company's scope of consolidation. The corresponding deconsolidation
could not be completely offset by investments in on-going projects.
As of 31 December 2012, the Group held investment property worth EUR
89.2 million (31 December 2011: EUR 111.1 million). Total assets fell
at the end of the reporting period to EUR 157.6 million (31 December
2011: EUR 183.7 million), which is largely attributable to the
effects stated in the "YOUNIQ Student Housing" segment as well as the
sales in the discontinued segments "Renting and Trading Real Estate"
and "Project Development".

On the financing side, as of 31 December 2012, the Group's equity
fell to EUR 81.2 million (31 December 2011: EUR 87.6 million). As a
result of the lower total assets figure, the equity ratio increased
from 47.7% to 51.5%. In addition, the YOUNIQ Group was able to
substantially reduce its current and non-current debt by EUR 19.7
million to EUR 76.4 million (31 December 2011: EUR 96.1 million).
This is primarily attributable to the project-related loan in
connection with the transfer of the Greifswald, Karlsruhe and Munich
Schleißheimer Straße sites to MPC.

Rainer Nonnengässer, CEO of YOUNIQ AG, comments: "We are aiming to
continue to focus on our core business and are on the right track in
developing this strategic orientation. We were able to sell around
60% of our existing portfolio in the 'Renting and Trading Real
Estate' segment in 2012 - this represents 512 residential and
commercial units. We have already discontinued operations in the
'Project Development' segment. We are now completely focusing on our
on-going project developments in the 'YOUNIQ - Student Housing'
segment. By the winter semester 2013/14 we are aiming to launch four
new locations - Mainz, Bayreuth, Potsdam and our second site in
Frankfurt Riedberg. Given the continuing favourable conditions, we
anticipated positive business development in the 'YOUNIQ - Student
Housing' segment for 2012 and 2013 and expect a positive EBIT in this
segment for both years."

The Annual Report 2012 will be made available for download in the
Investor Relations section on the website www.youniq-group.de during
the course of the day.

Company profile

YOUNIQ AG

YOUNIQ AG has focused on student accommodation since 2009. The
company covers a significant range of the value chain - ranging from
the purchase of real estate and land, through project development
including planning, planning permission procurement and construction,
all the way through to commercial and technical management. YOUNIQ
has developed into a leading provider for this segment with 3,270
high-quality apartments currently in the management or construction
phases. These properties are located at twelve sites in Germany,
including Munich, Erlangen, Karlsruhe, Frankfurt / Main, Mainz,
Potsdam, Leipzig and Bayreuth. YOUNIQ bundles its many years of
experience in project development and portfolio management for
largely residential properties. Drawing on its past business
operations, YOUNIQ AG holds a portfolio of 702 properties. YOUNIQ AG
(ISIN: DE000A0B7EZ7, German Securities Identification Code/WKN:
A0B7EZ) is listed on the Frankfurt Stock Exchange (Prime Standard).

Further information is available from: www.youniq-group.de

Further inquiry note:
Contact:
Investor Relations
cometis AG
Ulrich Wiehle / Dirk Ulmer
Tel.: +49 (0)611 - 205855-24
Fax: +49 (0)611 - 205855-66
E-Mail: ulmer@cometis.de

end of announcement euro adhoc
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company: YOUNIQ AG
Eschersheimer Landstraße 6
D-60322 Frankfurt am Main
phone: +49(0)69 2474720
FAX: +49(0)69 247472100
mail: ir@youniq.de
WWW: http://www.youniq-group.de
sector: Real Estate
ISIN: DE000A0B7EZ7
indexes:
stockmarkets: free trade: Berlin, Düsseldorf, Stuttgart, regulated dealing/prime
standard: Frankfurt
language: English


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