YOUNIQ AG

EANS-News: YOUNIQ AG publishes financial figures for the first quarter 2012

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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quarterly report

Subtitle: Operating result (EBIT) comes in at EUR 1.4 million / Positive
consolidated earnings / Transfer of the Karlsruhe and Greifswald projects to MPC
fund 

Frankfurt am Main (euro adhoc) - YOUNIQ AG enjoyed positive business development
in the first quarter 2012, which is reflected in income and earnings
performance. Earnings from the fair-value measurement of the investment
properties increased significantly to just under EUR 2.0 million (previous year:
EUR 0.65 million). Construction progressed to schedule on projects in the
"Student Living" segment and the disposal of four portfolio properties from the
"Renting and Trading Real Estate" segment both made major contributions here.
The properties are set to be transferred to the purchasers in the second quarter
2012 and, at EUR 9.7 million, the sale price is above the real estate's book
value. The Group's rental income also climbed to EUR 2.1 million (previous year:
EUR 1.9 million). The favorable earnings performance was also reflected in the
operating result (EBIT) which came in at EUR 1.4 million in consolidated terms
(previous year: EUR 1.1 million). The YOUNIQ Group also posted a positive
consolidated result of EUR 26k compared with a loss of EUR 496k in the same
period in the previous year. 

On the asset side, tangible assets and real estate held as financial investment
decreased as of March 31, 2012 from EUR 113.1 million to EUR 89.9 million due to
the transfer of the Greifswald and Karlsruhe projects to MPC Capital on February
29, 2012 and the resultant deconsolidation. In relation to this, total assets
fell from EUR 183.7 million to EUR 164.1 million. Cash and cash equivalents
climbed to EUR 17.7 million (December 31, 2011: EUR 10.4 million) due to the
income generated from the disposal of the projects. On the financing side,
YOUNIQ AG significantly reduced current liabilities to EUR 18.5 million
(December 31, 2011: EUR 35.1 million). This is explained by the repayment of
project-related loans following the transfer of the Greifswald and Karlsruhe
properties to MPC. Equity remained almost unchanged at EUR 87.6 million on the
reporting date of March 31 (December 31, 2011: EUR 87.6 million), but the equity
ratio rose from 47.4% to 53.4% due to the decline in total assets as of March
31, 2012. 

Rainer Nonnengässer, CEO of YOUNIQ AG, remarked: "We are confident about the
sale of further portfolio properties following the disposals in the 'Renting and
Trading Real Estate' segment. To accelerate this process, we have commissioned
the leading real estate firm Ernst & Young Real Estate Berlin to implement a
structured sales process. In the 'Student Living' segment, the Leipzig
Schützenstraße project is set for completion and incorporation into the company
portfolio in the current second quarter. We are also confident that we will be
able to announce new acquisitions shortly." 

CFO Marcus Schmitz added: "We are very pleased with the performance in the first
three months of 2012 in terms of financial figures. They provide a solid
foundation for positive earnings performance over the remainder of the year. To
create greater transparency for our investors, we have decided to restructure
the comprehensive income statement in order to show our earnings drivers clearly
and comprehensibly."  

Given the continued favorable conditions, the Management Board is expecting
positive business development for 2012 and progress as planned in acquisition
activities. Positive income effects can also be expected from the intended
acquisitions as well as project progress. The Management Board is therefore
aiming to achieve a positive consolidated annual result for the 2012 financial
year.

The quarterly financial report for the period ending March 31, 2012 is available
for download on the website www.youniq-group.de in the Investor Relations
section.

 
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
3,264 high-quality apartments currently in the management or construction
phases. These properties are located at twelve sites in Germany, including
Munich, Erlangen, Karlsruhe, Frankfurt am Main, Mainz, Potsdam and Leipzig.
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 1,018 properties that generate a
stable rental income stream. YOUNIQ AG (ISIN: DE000A0B7EZ7, German Securities
Identification Code/WKN: A0B7EZ) is listed on the Frankfurt Stock Exchange
(Prime Standard). 

Further information: www.youniq-group.de


Further inquiry note:
Kontakt:
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
             Neue Mainzer Strasse  28
             D-60311 Frankfurt am Main
phone:       +49(0)69 35101480
FAX:         +49(0)69 351014890
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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