Warimpex Finanz- und Beteiligungs AG

euro adhoc: Warimpex Finanz- und Beteiligungs AG
quarterly or semiannual financial statement
Warimpex posted growth on all levels in the first quarter of 2007

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 3-month report 30.05.2007 . Revenues increased by 69% . EBITDA adjusted for sales of subsidiaries up by 50% (non-adjusted figure + 228%) . Sale of an office building in Prague . Successful flotation in Vienna and Warsaw supports further growth . Joint venture with Louvre Hotels to develop chain of budget hotels in CEE |Key figures in EUR m |Q1 2007 |Q1 2006 |Change in % | |Revenues |14.5 |8.6 |+ 69% | |EBITDA net of gains from the sale of |1.8 |1.2 |+ 50% | |project companies | | | | |Gains from the sale of project |2.2 |- |- | |companies | | | | |EBITDA |4.0 |1.2 |+ 228% | |EBIT |1.9 |- 0.7 |- | |Profit for the period |0.1 |- 0.8 |- | | | | | | |Number of hotels |12 |8 |+ 50% | |Number of office and commercial |7 |6 |+ 17% | |properties | | | | |Number of hotel development projects |10 |7 |+ 43% | Vienna-based Warimpex Finanz- und Beteiligungs AG can look back on an eventful 1st quarter 2007 with strong growth on all levels. Revenues and profit were raised significantly; the stock exchange flotation and a joint venture for the development of budget hotels are to accelerate the Group's course of growth. Revenues increased - primarily due to the larger real estate portfolio - by 69% from EUR 8.6m in the 1st quarter 2006 to EUR 14.5m in the 1st quarter 2007, while EBITDA surged by 228% to EUR 4.0m. EBIT, which was negative at EUR - 0.7m in the first quarter of the prior year, climbed to EUR 1.9m in the reporting period. The sale of the 50% shareholding in an office building in Prague, among other things, contributed to this increase in earnings. EBITDA net of gains from the sale of project companies rose by 50%. The profit for the period amounted to EUR 0.1m, after EUR - 0.8m in the comparable quarter of the previous year. Warimpex completed an Initial Public Offering along with a capital increase in January 2007, and its shares have been listed for trading on the Vienna and Warsaw stock exchanges since that date. This capital measure, which injected around EUR 62.2m in fresh capital into the company, strengthens Warimpex' capital base and its opportunities for further expansion. The company's equity rose accordingly from EUR 87.0m at year end to EUR 147.7m, while total assets as at 31 March 2007 amounted to EUR 409.7m after EUR 385.0m as at the year-end reporting date of 31 December 2006. Warimpex carries property, plant and equipment at cost less depreciation and amortisation, and increases in the value of real estate assets are not realised annually and recognised in income. For this reason, comparison of the Group's assets, financial position and earnings indicators with those of other real estate companies is only possible to a limited extent. At the end of March, Warimpex' stake in a fully let office property in Prague was sold to the joint venture partner. Together with Louvre Hotels, Warimpex set up a joint venture for the development of a chain of budget hotels. The two companies will expand Louvre Hotels' existing successful hotel brands - Campanile, Première Classe and Kyriad - in Central and Eastern Europe. A first investment phase foresees the construction of 30 new budget hotels. Warimpex will act as developer in the joint venture, while Louvre Hotels acts as the hotel operator. Further hotels in existing and new markets such as Slovakia, Serbia, Romania, Russia and Ukraine are to complement the portfolio in the future. Based on its additional financial power and strategy of controlled expansion the Warimpex Group will press ahead with its dynamic programme of investment. Commensurately, the company expects to continue delivering above-average growth. end of announcement euro adhoc 30.05.2007 08:30:00 -------------------------------------------------------------------------------- ots Originaltext: Warimpex Finanz- und Beteiligungs AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Warimpex Finanz- und Beteiligungs AG Phone: +43 1 310 55 00 Christoph Salzer, mailto:presse@warimpex.com Daniel Folian, mailto:investor.relations@warimpex.com www.warimpex.com Branche: Real Estate ISIN: AT0000827209 WKN: Index: ATX Prime Börsen: Wiener Börse AG / official market

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