IMW Immobilien AG / Final Results/Final Results
25.05.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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IMW Immobilien Aktiengesellschaft
Stresemannstr. 78
10963 Berlin
ISIN-Nr. DE 000 A0BVWY6,
Announcement according to § 15 WpHG
On preliminary calculation the IMW-Gruppe will received in the business
year (01.04.2008 till 31.03.2009) rental revenues of approx. EUR 59
million (previous year: EUR 60.2 million). Althogh the operating income
will improve the consolidated loss will be expected in the range of EUR 160
-170 million (previous year: EUR 33.2 million profit).
The reasons for this development are revaluation of the Group properties
which result in non realised losses of approx. EUR 170 million. In addition
depreciations of financial derivates account another EUR 20 million. This
reflects the actual market situation.
At the time being the management negotiated with investors which intend to
buy portfolios, which containt properties of more than EUR 230 million. The
management is convinced to close the negotiations successfully in the next
weeks. With the sales the financial structure of the group will be improve.
One month ago the company realized a capital increase of EUR 6.3 million.
End of announcement
DGAP 25.05.2009
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Language: English
Issuer: IMW Immobilien AG
Stresemannstraße 78
10963 Berlin
Deutschland
Phone: +49 (0)30 25 46 12 00
Fax: +49 (0)30 25 46 12 99
E-mail: info@imw-ag.de
Internet: www.imw-ag.de
ISIN: DE000A0BVWY6, DE000A0BVWZ3
WKN: A0BVWY
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: IMW Immobilien AG:preliminary results
| Source: EQS Group AG