EANS-News: Preliminary results for S IMMO AG / Record profit in 2015

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

annual result

Preliminary results for S IMMO AG: Record profit in 2015

· Earnings per share up from EUR 0.46 to EUR 1.17
· EBIT improved by roughly 20%
· EBT nearly doubled to EUR 112m
· Net income increased to EUR 77.2m

The stock exchange listed real estate investment company S IMMO AG
(Bloomberg: SPI:AV, Reuters: SIAG.VI) has once again achieved a
significant increase in its annual results, thus exceeding the goals
it set for the financial year 2015. The primary contributors to this
success were the positive developments in Germany and the substantial
reduction of financing costs.

Ernst Vejdovszky, CEO of S IMMO AG: "These results clearly show that
our strategy is paying off. We are benefiting from cycles and are
able to quickly use market conditions to our advantage. Securing the
low interest rate level was a major step towards ensuring a
favourable environment for ourselves in the coming years. Against
this backdrop, I am very optimistic for the coming quarters."

Rental income and gross profit In 2015, S IMMO AG's total revenues
amounted to EUR 190.7m (2014: EUR 188.5m), slightly higher than the
prior-year figure. The rental income included in this figure was on
target at EUR 111.7m (2014: EUR 111.8m). Revenues from hotel
operations improved to EUR 45.5m (2014: EUR 42.1m). Higher room
occupancy and an increase in room rates contributed to this positive
development. Gross profit for the financial year totalled EUR 105.2m
(2014: EUR 105.7m). EBITDA for the financial year 2015 came to EUR
88.7m (2014: EUR 89.8m).

Positive valuation results As expected, valuation gains developed
very positively, amounting to EUR 84.6m as at 31 December 2015 (2014:
EUR 56.6m). This was largely due to the asset management activities
aimed at raising the value of the properties along with the steadily
improving sentiment in S IMMO's markets. EUR 73.1m (2014: EUR 33.4m)
of this amount can be attributed to Germany alone.

Thanks to this positive development, S IMMO was able to boost EBIT by
19.4% to EUR 165.7m (2014: EUR 138.7m).

Significant improvement in financing result The financing result
including the participating certificate result totalled EUR -53.4m as
at 31 December 2015 (2014: EUR -79.2m). This significant improvement
can be attributed to lower interest payments due to newly concluded
interest rate hedging instruments and a better foreign currency
result compared to the prior year.

Annual result improves once again As a result, EBT came in at EUR
112.3m (2014: EUR 59.5m), an increase of 88.6% over the previous
year. On balance, S IMMO ended the financial year 2015 with net
income of EUR 77.2m (2014: EUR 33.8m). Earnings per share also
improved significantly and came to EUR 1.17 (2014: EUR 0.46).

Outlook The company plans to further improve its FFO (Funds from
Operations) during the financial year 2016. The positive trend on the
German real estate market will persist and this will likely continue
to be reflected in the valuation results for properties in Germany
this year. Therefore, S IMMO expects additional value increases in
its portfolio.

In terms of investments, S IMMO sees the greatest potential in
Berlin, especially for commercial properties offering development
opportunities. In Vienna, S IMMO is involved in office development
projects at Vienna Central Station. Construction is expected to start
on one of these projects this spring. In addition, various activities
have been launched in Bucharest.

Friedrich Wachernig, Member of S IMMO AG's Management Board,
comments: "We are especially pleased that the ongoing recovery in
Bucharest has reached a point that also makes us optimistic with
regards to our development projects. We will soon start on the
development of the office property The Mark and are expanding our Sun
Plaza shopping centre. Along with Vienna, there are several exciting
projects in the pipeline in Berlin as well."

Please note the changes to our financial calendar:

________________________________________________________________________
|Publication_of_the_annual_results_for_2015__|Thu.,_28_April_2016________|
|Record_date_Annual_General_Meeting__________|Tue.,_24_May_2016__________|
|Results for the first quarter of 2016 |Tue., 24 May 2016 |
|____________________________________________|(previously_31_May_2016)___|
|Annual_General_Meeting______________________|Fri.,_03_June_2016_________|
|Dividend_ex-date____________________________|Wed.,_08_June_2016_________|
|Record_date_for_dividend____________________|Thu.,_09_June_2016_________|
|Dividend_payment_date_______________________|Fri.,_10_June_2016_________|

|Results for the first half-year of 2016 |Thu., 25 August 2016
| |____________________________________________|(previously_31_August
_2016)| |Results_for_the_first_three_quarters_of_2016|Tue.,_29_Novemb
er_2016_____|

S IMMO AG As Austria's first stock exchange listed real estate
investment company, S IMMO AG has stood for experience, a balanced
portfolio, and sustainable growth since 1987. The company invests in
four property use types (residential, office, hotel, and retail
properties) in four regions (Austria, Germany, and Central and
Southeastern Europe). S IMMO AG's strategic core shareholders are
Erste Group and Vienna Insurance Group.

Preliminary consolidated income statement according to IFRS for the
period 01 January 2015-31 December 2015 in EUR m

01-12/2015 01-12/2014
Revenues 190.7 188.5
thereof rental income 111.7 111.8
thereof revenues from operating costs 33.5 34.5
thereof revenues from hotel operations 45.5 42.1
Other operating income 3.5 4.7
Expenses directly attributable to properties -55.8 -56.2
Hotel operating expenses -33.2 -31.3
Gross profit 105.2 105.7
Income from property disposals 15.9 51.6
Book value of disposed properties -15.9 -51.4
Gains or losses on property disposals 0 0.2
Management expenses -16.5 -16.1
EBITDA 88.7 89.8
Depreciation and amortisation -7.7 -7.6
Results on property valuation 84.6 56.6
Operating result (EBIT) 165.7 138.7
Financing result -48.9 -71.7
Participating certificates result -4.6 -7.5
Net income before tax (EBT) 112.3 59.5
Taxes on income -35.0 -25.7
Consolidated net income 77.2 33.8
thereof attributable to shareholders
in parent company 78.2 31.0
thereof attributable to non-controlling
interests -1.0 2.8

Earnings per share (in EUR) 1.17 0.46

Key data on properties 31 December 2015
Portfolio properties Number 221
Total useable space millions of m2 1.2
Gross rental yield % 6.7
Occupancy rate % 92.7

Further inquiry note:
Investor Relations:
Andreas J. Feuerstein
Tel.: +43(0)50 100-27556
Fax: +43(0)50 100 9-27556
E-Mail: andreas.feuerstein@simmoag.at
www.simmoag.at

Corporate Communications:
Bosko Skoko
Tel.: +43(0)50 100-27522
Fax: +43(0)50 100 9-27522
E-Mail: bosko.skoko@simmoag.at
www.simmoag.at

end of announcement euro adhoc
--------------------------------------------------------------------------------

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