Immoeast Immobilien Anlagen AG

Half Year Results / Excellent Results in First Half Year of 2006/07

IMMOEAST AG - Revenues more than doubled in first half year of 2006/07

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Wien (euro adhoc) - 14.12.2006

IMMOEAST AG - Revenues more than doubled in first half year of 2006/07

@@start.t2@@      . EBIT increases by 138.1% to 112.6 million Euro
      . Real estate assets already total 6.47 billion Euro
      . 90% of 2006/07 investment programme totalling 5 billion Euro already

IMMOEAST achieved outstanding results in the first half year (May 1 to  October 31, 2006) of 2006/07. Operating profit (EBIT) rose by 138.1%  to  112.6  million Euro compared to the same period in  the previous  year.  Earnings  before  tax climbed to 134.8 million Euro (plus 103.6%). Revenues  nearly  tripled  with  an increase of 186.5% from 27.4 million Euro to 78.5 million Euro. Equity  rose  by 195.5% to 4.44 billion Euro, particularly due to the capital increase  for 2.75 billion Euro in June 2006.

Growth in real estate assets was equally strong. The number of properties  rose by 174.2% to 244. Useable space nearly tripled to 3.35 million  m².  The  equity ratio fell to 76.6% as of the end of October due to the  strong  development  in real estate assets and thereby neared its target of  55%.  By  the  end  of  the business year on April 30, 2007 this target will be  achieved  as  a  result of further investments.

In the first half year of 2006/07, extensive investments were carried out  which are either already reflected in the balance sheet or committed in  the  form  of forward purchases, development projects or the acquisition of  shareholdings  in joint ventures. Including committed investments,  real  estate  assets  rose  by 357.3% to 5.30 billion Euro. After the  reporting  period,  real  estate  assets increased as a result of further investments in the amount of 1.17 billion  Euro to the current 6.47 billion Euro. An average of approx. 650  million  Euro  was invested per  month.  Karl  Petrikovics, CEO,  announced  that  the  target  of accumulating 7 billion Euro in real estate assets by the  end  of  the  business year is likely to be met or exceeded.


      . PRESS RELEASE available at 10:00 a.m. CET:

      . REPORT ON THE FIRST HALF YEAR as of 31 October 2006:

@@start.t3@@end of announcement                                                 euro adhoc 14.12.2006 07:30:00

ots Originaltext: Immoeast Immobilien Anlagen AG
Im Internet recherchierbar:

Further inquiry note:
MMag. Dr. Karl Petrikovics
Vorstandsvorsitzender der IMMOEAST AG
Tel.: +43 1 536 16-400

Branche: Real Estate
ISIN:      AT0000642806
WKN:        A0BLUL
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Immoeast Immobilien Anlagen AG

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