GWB Immobilien AG / Final Results 09.04.2010 18:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- (Siek, April 9, 2010) According to preliminary calculations, in financial year 2009 revenues of GWB Immobilien AG increased by 100 per cent from EUR 10.1 million to EUR 20.4 million. This development is due to stable rental income and the sale of a retail property. The results 2009 are affected by a negative result from revaluation of the property portfolio amouning to EUR -10.3 million. Thus the expected net profit amounts to approx. EUR -8.7 million compared to EUR 1.7 million in 2008. The revaluation effect is a non-cash effect. The value of the property portfolio now amounts to approx. EUR 111.5 million (IFRS as of 31.12.2009) and compares to bank loans amounting to approx. EUR 81.7 million. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: GWB Immobilien AG will publish the financial statements 2009 on April 30, 2010. Die Annual General Meeting will take place on July 1, 2010 in Hamburg. Contact: Kirchhoff Consult AG, Janina Wismar Tel.: +49 40 609 186-50, janina.wismar@kirchhoff.de 09.04.2010 18:24 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: GWB Immobilien AG HauptstraÃe 1a 22962 Siek Deutschland Phone: +49 4107 9080-0 Fax: +49 4107 908072 E-mail: info@gwb-immobilien.de Internet: www.gwb-immobilien.de ISIN: DE000A0JKHG0, DE000A0JRVH4, DE000A0JRVJ0 WKN: A0JKHG Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: GWB Immobilien AG: Revaluation burdens result 2009
| Source: EQS Group AG