EANS-News: S IMMO AG / dividend to be raised from EUR 0.15 to EUR 0.20 per share

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annual result

Wien (euro adhoc) - S IMMO AG: dividend to be raised from EUR 0.15 to
EUR 0.20 per share

- S IMMO confirms preliminary results for 2013
- Highest gross profit in the Group's history
- Net income for the year up again to EUR 28.1m
- Earnings per share up by about 13%
- Proposed dividend: 20 cents per share

Stock exchange listed S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI)
confirms the preliminary results for the financial year 2013 first
published on 27 March 2014. The results are in line with all the
Group's targets, and all key financial indicators continue their
uninterrupted rise since 2010. Ernst Vejdovszky, Chairman of
S IMMO AG's Management Board, comments: "S IMMO AG has again proved
what an efficient, profitable and highly successful property company
it is. The key indicators are proof of S IMMO's strength and the
correctness of our strategy. We are determined to continue this
positive trend in the current year as well."

Friedrich Wachernig, Member of S IMMO AG's Management Board,
continues: "These successes, the increasing recovery of our markets
and the gradually returning optimism - all these factors make us feel
very positive about the quarters and the years to come. We want our
shareholders to benefit from these successes too, and will propose to
the Annual General Meeting an increased dividend of 20 cents per
share."

Gross profit at all-time high Rental income in 2013 came to
EUR 116.7m (2012: EUR 118.5m), the reduction reflecting the property
disposals realised as expected. Cost savings helped improve the gross
profit from hotel operations by 6.0% to EUR 10.5m (2012: EUR 9.9m).
The overall gross profit increased from EUR 104.4m in 2012 to
EUR 109.6m in 2013. This 5.0% increase was attributable to the
improvement in the gross profit from hotel operations together with a
reduction in property- related costs, and represents an all-time high
in S IMMO AG's history.

Property sales exceed target For the financial year 2013 S IMMO had
planned on property disposals amounting to about EUR 100m. A total of
twelve properties were in fact sold, with sales proceeds amounting to
EUR 128.1m (2012: EUR 132.2m). This was significantly higher than the
original target, and realised gains on sale of EUR 6.4m (2012:
EUR 10.8m).

Management expenses were again reduced - from EUR 16.3m in 2012 to
EUR 15.1m in 2013 - an impressive saving of 7.7%. EBITDA was raised
by 2.0%, to EUR 100.9m (2012: EUR 98.9m). The EBITDA margin was 52.1%
(2012: 50.3%). The ratio of EBITDA to the portfolio value was an
excellent 5.7% (2012: 5.3%).

Positive revaluation results Market sentiment in Germany continued
positive in 2013. A major part of the positive valuation results in
Germany was attributable to revaluation gains in connection with
property sales. While revaluation results in Germany and Austria were
positive, impairment writedowns were necessary in Central and
Southeastern Europe, above all on

office properties in Budapest. Overall gains from property valuations
over the year came to EUR 6.9m (2012: EUR 16.8m)

EBIT came out at EUR 95.8m (2012: EUR 106.9m). The decrease reflected
the reduced size of the property portfolio.

Profit for year up again Financing costs (excluding participating
certificate results) for the financial year 2013 amounted to
EUR 53.9m (2012: EUR 61.8m), including non-cash valuation losses on
derivatives of EUR 2.3m (2012: EUR 8.0m). Financing costs were lower
than in 2012, mainly as a result of the repayment of borrowings from
the proceeds of property sales. The Group's consolidated net income
for the year came out at a very satisfactory EUR 28.1m (2012:
EUR 26.1m), an increase of 7.6%.

Key performance indicators up The reduction in property-related costs
and the increased profit from hotel operations resulted in a further
increase in net operating income (NOI), which totalled EUR 103.4m for
the financial year 2013 (2012: EUR 97.5m), an improvement of 6.0%.
Success in 2013 was also reflected in a 7.6% increase in operating
cash flow to EUR 99.3m (2012: EUR 92.3m). The book value per share
also rose, and as at 31 December 2013 stood at EUR 7.83 (2012:
EUR 7.18) per share. The EPRA NAV also improved, and as at
31 December 2013 stood at EUR 9.76 (2012: EUR 9.35) per share.

Capital markets: proposed dividend increase to EUR 0.20 per share
After moving mainly sideways in the first nine months of 2013, the
price of S IMMO Share improved significantly in the last quarter, and
ended the year at EUR 5.290. This was an overall gain for the year of
9.98%, and - counting in the dividend - of 13.10%.

In Management's opinion, the significant improvement in results
justifies an increase in dividend - at the Annual General Meeting on
11 June 2014 an increase of the dividend to EUR 0.20 per share will
be proposed. The payment will take the form of a repayment of capital
not liable to investment income withholding tax (KESt).

Outlook for 2014 S IMMO AG's strategy remains unchanged: The Group
invests in four property use types and in four regions within the
European Union, focusing on capital cities. The Group can thus use
property cycles to strategic advantage to benefit from the various
different developments. At present, S IMMO AG sees the greatest
potential in Berlin: on the basis of demographic developments and the
still low proportion of home ownership, the Group is planning to
construct freehold apartments on land it already owns. Further
possible investments in Berlin and Vienna are also being examined.
The company will continue to buy back S IMMO Shares and S IMMO INVEST
participating certificates until the repurchase programmes end, with
the aim of further increasing its attractiveness in the capital
markets.

CEO Ernst Vejdovszky sums it up: "Our aim is to improve our results
even further in 2014. Our ambition is to continue the positive trend
of recent years and to prove that our successes are sustainable."
Consolidated income statement for the year ended 31 December 2013 EUR
m / fair value basis

| |01 - 12/2013 |01 - 12/2012* |
|Revenues |193.7 |196.7 |
| Rental income |116.7 |118.5 |
| Revenues from operating costs |36.8 |36.2 |
| Revenues from hotel operations |40.2 |42.0 |
|Other operating income |6.2 |6.9 |
|Expenses directly attributable to properties |-60.6 |-67.0 |
|Hotel operating expenses |-29.7 |-32.1 |
|Gross profit |109.6 |104.4 |
|Proceeds of property disposals |128.1 |132.2 |
|Carrying value of property disposals |-121.7 |-121.4 |
|Gains on property disposals |6.4 |10.8 |
|Management expenses |-15.1 |-16.3 |
|Earnings before interest, tax, depreciation and|100.9 |98.9 |
|amortisation (EBITDA) | | |
|Depreciation and amortisation |-12.0 |-8.8 |
|Gains on property valuation |6.9 |16.8 |
|Operating profit (EBIT) |95.8 |106.9 |
|Financing expense |-53.9 |-63.4 |
|Financing income |1.6 |1.2 |
|Income from companies measured at equity |-1.5 |0.5 |
|Participating certificates result |-9.3 |-12.8 |
|Net income before tax (EBT) |32.6 |32.3 |
|Taxes on income |-4.6 |-6.2 |
|Consolidated net income |28.1 |26.1 |
| of which attributable to shareholders in |27.3 |24.4 |
| parent company | | |
| of which attributable to non-controlling |0.7 |1.7 |
| interests | | |
|Earnings per share (EUR) |0.41 |0.36 |

* Adjusted

|Property information | |31 December 2013 |
|Standing properties |number |208 |
|Total usable space |m² |1,253,593 |
|Gross rental yield |% |7.0 |
|Occupancy rate |% |90.2 |

Further inquiry note:
Investor Relations:
Andreas J. Feuerstein
Phone: +43(0)50100-27556
Fax: +43(0)05100-927556
E-mail: andreas.feuerstein@simmoag.at
www.simmoag.at

Corporate Communications:
Bosko Skoko
Phone: +43(0)50100-27522
Fax: +43(0)05100-927522
E-mail: bosko.skoko@simmoag.at
www.simmoag.at

end of announcement euro adhoc
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company: S IMMO AG
Friedrichstraße 10
A-1010 Wien
phone: +43(0)50100-27550
FAX: +43(0)050100-927559
mail: office@simmoag.at
WWW: www.simmoag.at
sector: Real Estate
ISIN: AT0000652250
indexes: ATX Prime, IATX
stockmarkets: official market: Wien
language: English