Corporate | 16 November 2011 07:30
ESTAVIS AG / Key word(s): Preliminary Results/Quarter Results
16.11.2011 / 07:30
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PRESS RELEASE
Estavis off to Good Start into 2011/2012 Financial Year
- Preliminary key figures:
revenues: EUR 8.00m, EBIT: EUR 1.1m, EBT: EUR 0.07m
- Positive outlook for the 2011/2012 year as a whole
Berlin, 16 November 2011 - During the first three months of its 2011/2012
financial year (1 July through 30 September 2011), Estavis AG realised a
balanced consolidated income of EUR 0.03 million (compared to EUR 0.13
million during Q1 of the 2010/2011 FY) according to preliminary figures.
The earnings before interest and taxes (EBIT) amounted to approximately EUR
1.1 million (Q1 2010/2011: EUR 1.0 million); the earnings before taxes
(EBT) equalled EUR 0.07 million (Q1 2010/2011: EUR 0.6 million). Revenues
equalled EUR 8.0 million (Q1 2010/2011: EUR 10.1 million).
'Estavis was off to a good start into the new financial year,' said Florian
Lanz, CEO of Estavis AG. 'The income of the first quarter has created a
sound basis for the coming months, during which we intend to get a lot
done. Having expanded our activities to include housing construction just
weeks ago, we already took an important step in the direction of our set
goal.'
Positive Outlook for the 2011/2012 Year as a Whole
With a view to the performance so far, the senior management expects the
company to top last year's revenues and profits in the course of the
2011/2012 financial year.
The full quarterly report for Q1 of the 2011/2012 financial year will be
available for download as of 21 November 2011 at
http://www.estavis.de/investor-relations/finanzberichte (German version)
and http://www.estavis.de/en/investor-relations/financial-reports (English
version).
About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
Through its purchasing network, which extends throughout Germany, ESTAVIS
AG identifies property portfolios and project developments with great
value-added potential and uses its management and development expertise to
harness this potential efficiently. The prime objective here is to
capitalise dynamically on the values of properties by marketing them as
portfolio sales or privatising them for tenants, owner-occupiers or
investors. The company's selling power results from its strong own sales
network, supplemented by the acquisition of the sales company Accentro
GmbH.
In addition to regular cash flow from the property portfolio acquired,
ESTAVIS AG develops its performance from income from property sales.
ESTAVIS AG is headquartered in Berlin and is listed on the Prime Standard
of the Frankfurt Stock Exchange (German Securities Code Number [WKN]:
A0KFKB).
Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-mail: ir@estavis.de
End of Corporate News
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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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146531 16.11.2011