Orascom Development Holding AG

EQS-Adhoc: Orascom Development Holding AG: (ODH) gives guidance for the Group FY 2015 results and for the results of its Largest Subsidiary; Orascom Hotels and Development (OHD).

EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s): Preliminary
Results/Preliminary Results
Orascom Development Holding AG: (ODH) gives guidance for the Group FY 2015
results and for the results of its Largest Subsidiary; Orascom Hotels and
Development (OHD).

16.03.2016 / 18:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Press Release

Orascom Development (ODH) gives guidance for the Group FY 2015 results and for
the results of its Largest Subsidiary; Orascom Hotels and Development (OHD).

Altdorf/Cairo, March 2016 - Orascom Hotels and Development (OHD), the Group's
largest subsidiary based in Egypt expects to report a 24-26% increase in its
consolidated revenues and approximately double its net profits over the FY 2014
reported figures. The increase in OHD's revenues and profits resulted mainly
from the concluded land sub-development agreements signed in the first 3
quarters of 2015.

The Group expects to report a 20-22% increase in consolidated revenues for the
year 2015 compared to the same period last year. Based on first indications,
Orascom Development expects a net loss in the range of CHF 21-23 million (EGP
168.2-184.2 million) compared to a net profit of CHF 41.9 million (EGP 324
million) in 2014.

The increase in revenues was driven mainly by the positive contribution of the
Group's largest subsidiary, Orascom Hotels and Development (OHD), the new hotel
opening in Oman and the delivery of the first 10 apartment buildings in
Montenegro. The main contributors to the bottom-line losses include: (i) the
increase in ODH's share of losses from Andermatt Swiss Alps (ASA) and Orascom
Housing Communities (OHC), the Group's largest associate (non-consolidated)
companies; (ii) the decrease in the profitability of the hotel's segment in
Egypt as a result of the continued travel bans on Taba and the negative
consequences of the plane crash in the Sinai Peninsula. (iii) prudence-related
additional one-time provisions (iv) and foreign exchange losses due to weakening
of the CHF and the devaluation of the EGP.

The full set of ODH's FY 2015 results will be published on 14 April 2016 and the
full set of OHD's FY 2015 results will be published on 30 March 2016.

About Orascom Development Holding AG (ODH)

Orascom Development is a leading developer of fully integrated destinations that
include hotels, private villas and apartments, leisure facilities such as golf
courses, marinas and supporting infrastructure. Orascom Development's
diversified portfolio of destinations is spread over eight jurisdictions (Egypt,
UAE, Jordan, Oman, Switzerland, Morocco, Montenegro and United Kingdom), with
primary focus on touristic destinations. The Group currently operates eight
destinations; four in Egypt El Gouna, Taba Heights, Haram City and Makadi, The
Cove in United Arab Emirates , Jebel Sifah and Salalah Beach in Oman and
Andermatt in Switzerland. Orascom Development has a dual listing, with a primary
listing on the SIX Swiss Exchange and a secondary listing on the EGX Egyptian
Exchange. ODH owns 84.64% of Orascom Hotels and Development, its largest
Egyptian based subsidiary listed on the EGX Egyptian Exchange.

Investor Relations Contacts
Sara El-Gawahergy
Head of Investor Relations
Tel: +0100 218 5651
Tel: +41418741711

Contact Media Relations

Disclaimer & Cautionary Statement

The information contained in this e-mail, its attachment and in any link to our
website indicated herein is not for use within any country or jurisdiction or by
any persons where such use would constitute a violation of law. If this applies
to you, you are not authorized to access or use any such information. Certain
statements in this e-mail and the attached news release may be forward-looking
statements, including, but not limited to, statements that are predications of
or indicate future events, trends, plans or objectives. Forward-looking
statements include statements regarding our targeted profit improvement, return
on equity targets, expense reductions, pricing conditions, dividend policy and
underwriting claims improvements. Undue reliance should not be placed on such
statements because, by their nature, they are subject to known and unknown risks
and uncertainties and can be affected by other factors that could cause actual
results and Orascom Development Holding AG's plans and objectives to differ
materially from those expressed or implied in the forward looking statements (or
from past results). Factors such as (i) general economic conditions and
competitive factors, particularly in our key markets; (ii) performance of
financial markets; (iii) levels of interest rates and currency exchange rates;
and (vii) changes in laws and regulations and in the policies of regulators may
have a direct bearing on Orascom Development Holding AG's results of operations
and on whether Orascom Development Holding AG will achieve its targets. Orascom
Development Holding AG undertakes no obligation to publicly update or revise any
of these forward-looking statements, whether to reflect new information, future
events or circumstances or otherwise. It should further be noted, that past
performance is not a guide to future performance. Please also note that interim
results are not necessarily indicative of the full-year results. Persons
requiring advice should consult an independent adviser.

End of ad hoc announcement

16.03.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:

The issuer is responsible for the contents of the release.

Language: English

Company:  Orascom Development Holding AG

          Gotthardstraße 12

          6460  Altdorf


Phone:    +41 41 874 17 17

Fax:      +41 41 874 17 07


Internet: www.orascomdh.com

ISIN:     CH0038285679

Valor:    A0NJ37

Listed:   Foreign Exchange(s) SIX

End of News EQS Group News Service
445955  16.03.2016 

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