S IMMO AG

EANS-Adhoc: S IMMO AG
Preliminary results for 2016 and outlook

--------------------------------------------------------------------------------
  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
annual result/Preliminary results and outlook
06.03.2017


Not yet audited, preliminary IFRS results of S IMMO AG for the financial year
2016 show an EBIT of approximately EUR 278m (2015: EUR 165.7m) and a
consolidated net income of about EUR 200m (2015: EUR 77.2m). Thus, S IMMO will
achieve the best results in its history. Based on these record results, EPRA NAV
per share as at 31 December 2016 will rise to about EUR 14.6 and book value per
share as at 31 December 2016 will rise to about EUR 12.

These excellent results are attributable also to the successful disposal of a
part of the German residential portfolio. Currently, S IMMO explores further
opportunities to dispose of larger objects, including those in Viertel Zwei in
Vienna. Due to the high price levels in many real estate markets, the proceeds
from past and future property disposals will preferably be invested in
developments and in shares of real estate companies that significantly trade
below NAV - currently of Immofinanz AG and CA Immobilien Anlagen AG.
Acquisitions of properties will further on mainly take place in Germany.

The annual financial report for 2016 will be published on 05 April 2017.


Further inquiry note:
Investor Relations:
Andreas J. Feuerstein
phone: +43 1 22795-1125
mobile: +43 664 818 07 09
e-mail: andreas.feuerstein@simmoag.at

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


issuer:      S IMMO AG 
             Friedrichstraße  10
             A-1010 Wien
phone:       +43 1 22795-0
FAX:         +43 1 22795-91125
mail:     office@simmoag.at
WWW:      www.simmoag.at
sector:      Real Estate
ISIN:        AT0000652250
indexes:     ATX Prime, IATX
stockmarkets: official market: Wien 
language:   English
 



Weitere Meldungen: S IMMO AG

Das könnte Sie auch interessieren: