Corporate | 27 April 2007 18:44
Adler Real Estate AG / Final Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer is solely responsible for the content of this announcement.
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+++ ADLER Real Estate AG publishes Annual Report 2006 +++
+++ Total performance grows 46.5% +++
+++ Consolidated profit for the year amounts to EUR 8.6 million +++
Hamburg (Germany), 27 April 2007. ADLER Real Estate AG (ISIN:
DE0005008007), Frankfurt, published its Annual Report 2006 today. In the
financial year 2006, ADLER Real Estate AG realized a total performance of
EURO 12.2 million. Based on the financial year 2005, the total performance
of EURO 8.3 million is increased by 46.5 %. This is primarily due to the
reversals of impairment loss. The EBIT increased by approx. EURO 4.4
million as at December 31, 2005 by 104 % to EURO 8.9 million as at the
balance sheet dated December 31, 2006. As of end of the financial year
2006, the consolidated profit of the company amounted to EURO 8.6 million
compared to EURO 4.1 million in the financial year 2005. This is a growth
of 111 %. The share of the equity of EURO 37.1 million on the balance sheet
dated December 31, 2006 amounted to about 75 %. In addition, ADLER Real
Estate AG had cash and cash equivalents of EURO 10.4 million (previous year
2005: EURO 1.4 million) at the end of 2006.
The Board of Management
Company Contact:
ADLER Real Estate AG
Neuer Wall 77
D-20354 Hamburg
www.adler-ag.de
Phone: ++49 (040) 29 8130 0
Fax: ++49 (040) 29 8130 99
info@adler-ag.de
Agent Contact:
Gesellschaft für Effekteninformation mbH
Beethovenstraße 60
60325 Frankfurt am Main, Germany
www.gfei.de
Phone: ++49 (069) 74 30 37 00
Fax: ++49 (069) 74 30 37 06
ir-adler@gfei.de
About ADLER Real Estate AG:
ADLER Real Estate AG is dealing in the business fields of commercial
project development, portfolio management and asset management. The
company’s core competence is in the realization and marketing of ambitious
national and international real estate projects. ADLER Real Estate AG
emerged from the tradition-rich corporate veil of the Adlerwerke in
Frankfurt. Their history goes back to the 19th century. Today, the majority
shareholder of ADLER Real Estate AG is the U.S. company Mezzanine IX
Investors L.P.
DGAP 27.04.2007
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Language: English
Issuer: Adler Real Estate AG
Neuer Wall 77
20354 Hamburg Deutschland
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-35
E-mail: info@adler-ag.de
www: www.adler-ag.de
ISIN: DE0005008007
WKN: 500800
Indices:
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (General
Standard), Düsseldorf, München; Freiverkehr in Hamburg
End of News DGAP News-Service
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