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conwert Immobilien Invest SE

EANS-Adhoc: conwert Immobilien Invest SE
Total profit will be used to strengthen liquidity and the financing structure

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
05.05.2009
conwert: Total profit will be used to strengthen liquidity and the 
financing structure
Vienna, 05 May 2009. The Executive Board of conwert Immobilien Invest
SE announced at the publication of its results of the financial year 
2008 on 26 March 2009 that it would submit a proposal for the 
appropriation of total profit to the next Annual General Meeting in 
time, taking into account market and company developments. Following 
a detailed review it has now been decided not to propose a dividend 
payout for 2008. "Although - in contrast to the negative Group result
for the year of EUR 30 million - the total profit according to the 
Austrian Commercial Code (UGB), existing liquidity and the positive 
operating business development in the first months of 2009 generally 
allow a dividend, we propose not to pay out a dividend for the year 
2008 due to growing insecurity regarding the further economic 
development. In this environment, we attach top priority to 
strengthening liquidity, reducing debt and to the value-increasing 
use of existing funds to improve our financing and balance sheet 
structure", Johann Kowar, Chairman of the Executive Board, explains 
the decision.
The annual financial statements in accordance UGB show a total profit
equalling EUR 19.6 million for conwert Immobilien Invest SE in 2008. 
A proposal will be made to the Annual General Meeting to carry 
forward the total profit.
The 8th Annual General Meeting will take place in Vienna on 26 May 
2009. The results of the first quarter of 2009 will also be published
on 26 May 2009.
end of announcement                               euro adhoc

Further inquiry note:

~
conwert Immobilien Invest SE
Peter Sidlo, Head of Corporate Communications - Investor Relations
T +43 / 1 / 521 45-250
E sidlo@conwert.at
~

~
Hochegger|Financials
Roland Mayrl
T +43 / 1 / 504 69 87-31
E r.mayrl@hochegger.com
~

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

Plus de actualités: conwert Immobilien Invest SE
Plus de actualités: conwert Immobilien Invest SE