conwert Immobilien Invest AG

euro adhoc: conwert Immobilien Invest AG
conwert Immobilien Invest AG announces a detailed outlook for fiscal 2007

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Vienna, 18 October 2007. On the occasion of an international investors' roadshow, conwert Immobilien Invest AG (Vienna Stock Exchange: CWI, Reuters: CONW.VI, Bloomberg: CWI AV) announces concrete figures for its outlook for fiscal 2007. Based on the data currently available, conwert is forecasting revenues for the whole year of EUR 329 - 370 million (fiscal 2006: EUR 265 million). Earnings before interest and taxes (EBIT) are forecast at around EUR 178 - 190 million (2006: EUR 104 million), the profit for the year at EUR 105 - 115 million (2006: EUR 52 million) and earnings per share in a range of EUR 1.32 - 1.44 per share (2006: EUR 0.97 per share). The financial outlook includes fair value adjustments from the valuation of the real estate portfolio by external, independent appraisers in the third and fourth quarter 2007.

In a pro forma analysis before refinancing costs, the planned acquisition of a total of 25 real estate management and real estate service companies would generate an additional net profit of EUR 35 million in fiscal 2007. As a result of the Company's growth, the leverage of synergies and the expansion of third-party business, conwert is forecasting further potential earnings growth of 10 - 15 % p.a. in this business segment.

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ots Originaltext: conwert Immobilien Invest AG
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Further inquiry note:
conwert Immobilien Invest AG
Johann Kowar, Chairman of the Management Board
T +43 / 1 / 521 45-200

Roland Mayrl
T +43 / 1 / 504 69 87-31

Branche: Real Estate
ISIN:      AT0000697750
WKN:        069775
Index:    WBI
Börsen:  Wiener Börse AG / official dealing

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