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conwert Immobilien Invest AG

euro adhoc: conwert Immobilien Invest AG
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conwert Immobilien Invest AG announces a detailed outlook for fiscal 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
18.10.2007
Vienna, 18 October 2007. On the occasion of an international 
investors' roadshow, conwert Immobilien Invest AG (Vienna Stock 
Exchange: CWI, Reuters: CONW.VI, Bloomberg: CWI AV) announces 
concrete figures for its outlook for fiscal 2007. Based on the data 
currently available, conwert is forecasting revenues for the whole 
year of EUR 329 - 370 million (fiscal 2006: EUR 265 million). 
Earnings before interest and taxes (EBIT) are forecast at around EUR 
178 - 190 million (2006: EUR 104 million), the profit for the year at
EUR 105 - 115 million (2006: EUR 52 million) and earnings per share 
in a range of EUR 1.32 - 1.44 per share (2006: EUR 0.97 per share). 
The financial outlook includes fair value adjustments from the 
valuation of the real estate portfolio by external, independent 
appraisers in the third and fourth quarter 2007.
In a pro forma analysis before refinancing costs, the planned 
acquisition of a total of 25 real estate management and real estate 
service companies would generate an additional net profit of EUR 35 
million in fiscal 2007. As a result of the Company's growth, the 
leverage of synergies and the expansion of third-party business, 
conwert is forecasting further potential earnings growth of 10 - 15 %
p.a. in this business segment.
end of announcement                               euro adhoc 18.10.2007 07:45:38

Further inquiry note:

conwert Immobilien Invest AG
Johann Kowar, Chairman of the Management Board
T +43 / 1 / 521 45-200
E kowar@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

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