Vivacon AG

euro adhoc: Vivacon AG
Annual Reports
VIVACON AG grows net income by 105% to EUR 6.97 mn in 2004

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28.02.2005

VIVACON AG grows net income by 105% to EUR 6.97 mn in 2004

- Final figures for the financial year 2004 -

Cologne, February 28th 2005. VIVACON AG (ISIN DE0006048911) has grown IFRS group revenues to EUR 101.85 mn  (+ 136%), EBIT to EUR 14.84 mn (+ 74%) and net income to EUR 6.97 mn (+105%) in 2004, again achieving substantial year-on-year growth and record earnings. Earnings per share rose to EUR 0.57 (+ 83%).

Revenue and earnings growth significantly exceeded original expectations for 2004. The company starts 2005 with an IFRS order backlog of EUR 33.2 mn, representing a sound basis for the current business year. The business line ‘YOO’ with designer apart-ments created by Philippe Starck is expected to deliver first earnings contributions in 2005 as well. It is further intended to expand the business by conceptualizing and marketing residential privatisation portfolios. It is in particular planned to sell large scale residential portfolios to institutional investors and via closed-end funds.

end of announcement                                euro adhoc 28.02.2005 07:03:00
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Further inquiry note: Lars Schriewer Tel.: +49 (0) 221 93761 26 E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    General Standard, CDAX, SDAX
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / official dealing



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