Tous Actualités
Suivre
Abonner Vivacon AG

Vivacon AG

euro adhoc: Vivacon AG
other
VIVACON AG increases EBIT by 35% yoy to EUR 17.1m in Q2 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
14.08.2008
VIVACON AG (ISIN DE0006048911) generated revenues of EUR 39.5m in Q2 
2008, which was an increase of 20% in comparison to the second 
quarter of the previous year. Transaction volume declined to EUR 
108.8m (Q2 2007: EUR 262.6m). In total, Vivacon sold 2,410 
residential units to private and institutional investors in Q2 2008.
In Q2 2008, EBIT improved by 35% yoy to EUR 17.1m (Q2 2007: 12.7m) 
and EBT reached EUR 9.7m following EUR 15.0m in Q2 of the previous 
year. The market valuation of the hedging instruments (inflation and 
interest swaps) influenced the quarterly EBT positively by an amount 
of EUR 0.6m (Q2 2007: EUR +2.9m). Net income amounted to EUR 5.8m 
following EUR 11.7m in Q2 2007.
Earnings per share (undiluted) amount to EUR 0.29 in Q2 2008 (Q2 
2007: EUR 0.60). Order backlog at the end of June 2008 amounted to 
EUR 77.5m following EUR 122.9m at the end of June 2007.
Vivacon acquired a number of ground lease portfolios in several 
transactions with an annual ground lease cash flow of approximately 
EUR 2.0m. In a portfolio transaction, another ground lease cash flow 
in the amount of EUR 0.86m was generated. The amount of initial 
annual ground lease cash flows amounts to approximately EUR 16.2m as 
at June 30th (30.06.2007: EUR 10.7m), of which 40% were generated in 
direct ground lease cash flow acquisitions.
The further acquisition of ground lease portfolios is a central focus
of operating activities. Vivacon plans to acquire annual ground lease
cash flows of up to EUR 10m in the current year and expects to 
achieve its full year guidance even without further significant 
portfolio trading activities. The management confirms its 
communicated full year net income guidance of EUR 60m.
end of announcement                               euro adhoc

Further inquiry note:

Sven Annutsch
Head Investor Relations & Corporate Finance
Tel: + 49 221 130 5621 630
Sven.Annutsch@vivacon.de

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 130 5621 950
www.vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share, DAX
International 100
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing

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