Vivacon AG

euro adhoc: Vivacon AG
Annual Reports
VIVACON AG increases EBIT from EUR -0.7 mn to EUR 6.9 mn

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Ad-hoc Announcement as per § 15 WpHG

VIVACON AG increases EBIT from EUR -0.7 mn to EUR 6.9 mn

Cologne, August 22nd 2005. VIVACON AG (ISIN DE0006048911) increased in the first halfyear 2005 net income to EUR 3.7 mn from EUR -1.3 mn in 2004. Earnings per share for the first halfyear 2005 amount to EUR 0.22 vs. EUR -0.09 in the last year.

Given the concentration on institutional transactions and the boosted trade with hereditary building rights, fewer new properties were put up for sale on a retail basis in the first half of 2005 and thus VIVACON AG’s turnover up to 30.06.2005 was thus reduced from EUR 20.9 mn to EUR 12.7mn, in comparison to the same period in the previous year. However, the substantially increased profitability of the widened business meant that EBIT was significantly increased to EUR 6.9 mn from EUR -0.7mn at the end of the first half of 2004.

Total output rose to EUR 23.3 mn compared to EUR 19.4 mn in 2004. Pre-order volume, which will lead to revenues in the coming quarters has risen to EUR 31.3 mn against EUR 21.0 mn in 2004.

Due to its project oriented business model VIVACON AG historically had very volatile quaterly results, whereas the bulk of the annual business volume usually is recorded in the second half-year.

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ots Originaltext: Vivacon AG
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Further inquiry note:
Lars Schriewer
Direktor Investor Relations
Tel.: +49 (0) 221 93761 0

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    CDAX, SDAX, Prime Standard, Prime All Share, Classic All
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Frankfurter Wertpapierbörse / official dealing
              Bayerische Börse / official dealing

Weitere Meldungen: Vivacon AG

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