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Vivacon AG

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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
22.08.2005
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.
end of announcement                               euro adhoc 22.08.2005 07:16:00

Further inquiry note:

Lars Schriewer
Direktor Investor Relations
Tel.: +49 (0) 221 93761 0
E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime Standard, Prime All Share, Classic All
Share
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

Plus de actualités: Vivacon AG
Plus de actualités: Vivacon AG