Corporate | 6 March 2008 17:36
HCI Capital AG / Final Results/Dividend
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Hamburg, (06 March 2008)
HCI Capital AG - ISIN DE000A0D9Y97 – an S-Dax listed, non-bank-affiliated
issuing house for closed-end funds and structured products generated group
net income (IFRS) of about EUR 30.6 million in fiscal year 2007 (previous
fiscal year EUR 39.5 million). HCI did not reach its target to generate EUR
35 million group net income due to effects, inter alia, with impact on the
tax result, which have arisen in the course of preparing the annual report.
The adjusted result without these effects reflects the target income.
The managing board and the supervisory board of HCI Capital AG decided to
propose to the shareholders a reduced dividend of EUR 0.70 per share on the
annual general meeting (2006: EUR 1.40 per share). With the proposed
dividend reduction, HCI Capital AG intends to strengthen its group equity
capital base to match the framework conditions on the financial markets
that have significantly changed over the last months. In the course of this
development banks have increased their requirements to finance fund
projects.
HCI Capital AG placed equity in the aggregate amount of EUR 810.6 million
during the financial year 2007, a 25.9% increase compared to the previous
year’s result of EUR 643.9 million – the highest amount in the company’s
history.
The revenues have declined from EUR 145.6 million to EUR 137.3 million,
partially due to strategic amendments in the mixture of products to
generate more stable cash flows by achieving a higher quota of recurring
income.
HCI Capital AG’s target for 2008 is an increase in equity placement by
approx. 10% to about EUR 880 million On the basis of this goal and
regarding the current situation on the financial markets, the managing
board expects a group net income of about EUR 33 million for the fiscal
year 2008.
As planned, HCI will release its annual report 2007 and present the
financial results on a press and analyst conference on 10 March 2008.
About HCI:
The HCI Group was founded in 1985 and creates closed-end funds in shipping,
real estate, private equity fund of funds and the secondary life insurance
market, as well as asset creation plans. Since 1985, over 100,000 clients
have invested approximately EUR 5.2 billion in 468 issues, with an
investment volume totalling more than EUR 13.27 billion, making HCI one of
the leading financial services system houses in Germany. HCI Capital AG has
been listed on the stock exchange since October 2005. It has been listed on
the SDAX since December 19, 2005 and on the Hamburg Regional Index HASPAX
since September 1, 2006.
Investor Relations:
Dr. Olaf Streuer
HCI Capital AG
Head of Investor Relations
Tel.: +49 40 88 88 1 125
olaf.streuer@hci-capital.de
Public Relations:
Ingo Pfeil
HCI Capital AG
Head of Public Relations
Tel.: +49 40 88 88 1 236
ingo.pfeil@hci-capital.de
06.03.2008 Financial News transmitted by DGAP
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Language: English
Issuer: HCI Capital AG
Bleichenbrücke 10
20354 Hamburg
Deutschland
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-109
E-mail: ir@hci-capital.de
Internet: www.hci-capital.de
ISIN: DE000A0D9Y97
WKN: A0D9Y9
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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