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Warimpex Finanz- und Beteiligungs AG

euro adhoc: Warimpex Finanz- und Beteiligungs AG
Financial Figures/Balance Sheet
Warimpex shows strong operative growth in financial year 2006

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
30.04.2007
|Key figures in EUR m                |2006     |2005      |Change in %|
|Gross Asset Value (GAV)             |477.5    |296.0     |+ 61 %     |
|Triple Net Asset Value (NNNAV)      |258.3    |172.6     |+ 50 %     |
|                                    |         |          |           |
|Total revenues                      |58.8     |40.3      |+ 46 %     |
|Gains from the sale of project      |6.3      |38.3      |- 84 %     |
|companies                           |         |          |           |
|EBITDA                              |30.8     |50.2      |- 39 %     |
|EBIT                                |22.8     |44.0      |- 48 %     |
|Profit for the year                 |21.2     |33.7      |- 37 %     |
|                                    |         |          |           |
|in EUR                              |         |          |           |
|NNNAV per share                     |8.61     |5.75      |+ 50 %     |
|Earnings per share                  |0.70     |1.14      |- 39 %     |
|Proposed dividend per share         |0.15     |0.13      |+ 15 %     |
The Vienna-based Warimpex Finanz- und Beteiligungs AG posted massive 
growth  in the financial year 2006, attributable to the rise  in  the
number  of  existing hotels as well as the  number  of  other  real  
estate  assets  and  development projects. The real estate portfolio 
was expanded from 14  to  20  properties  in the reporting year, 
while ten further hotel projects were under  development  or 
construction at year end. Revenues were boosted by 46 %  from  EUR  
40.3 million to EUR 58.8 million.
EBITDA declined by 39 % to EUR 30.8 million, while EBIT went  down  
by  48 %  to EUR 24.5 million. Net of gains from the sale  of  
project  properties,  however, which are subject to annual 
fluctuations due to the lead-in  time  required  for the development 
process, both key  indicators  showed  a  significant  increase: 
adjusted EBITDA rose by 106 % from EUR 11.9 million to EUR  24.5 
million,  while adjusted EBIT climbed 195 % from EUR 5.6 million to 
16.5 million.
Profit for the year went down - again primarily due to the lower 
gains from  the sale of project companies - from EUR 33.7 million to 
EUR 21.2 million.
As of 31 December 2006, all existing real estate  and  development  
projects  of the Warimpex Group were evaluated by CB Richard Ellis.  
The  Gross  Asset  Value amounted to EUR 477.5 million,  
corresponding  to  a  year-on-year  increase  of 61 %. The Triple Net
Asset Value rose by 50 % to EUR 258.3 million.
Given  the  additional  financial  resources  and  its  controlled  
strategy  of expansion, the Management expects the Warimpex Group to 
continue  delivering  a commensurate  level  of  growth.  
Furthermore,  the  numerous   projects   under development should 
continue to result in an over-proportionate increase  in  the Group's
real estate assets as measured in terms of Triple Net Asset Value.
end of announcement                               euro adhoc 30.04.2007 08:30:00

Further inquiry note:

Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 07-0
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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