DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Preliminary Results/Final Results
12.05.2015 19:39
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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DEMIRE achieves consolidated net profit of approx. 40 million in the
abbreviated 2014 financial year
- Financial statements will be published in May 2015 as a result of the
Company's strong growth and adjustment in financial year
Frankfurt/Main, 12 May 2015 - According to preliminary figures, DEMIRE
Deutsche Mittelstand Real Estate AG ("DEMIRE", ISIN DE000A0XFSF0) achieved
a consolidated net profit under IFRS of approx. EUR 40 million in the
abbreviated 2014 financial year (1 April 2014 to 31 December 2014),
exceeding its guidance. In the previous financial year (1 April 2013 to 31
March 2014), the Company had recorded a consolidated net loss under IFRS in
the amount of approximately EUR 6 million. As of 31.12.2014, the balance
sheet total will amount to approximately EUR 370 million (EUR 48.4 million
as of 31.03.2014). The jump in earnings resulted, among other things, from
the fair value measurement of real estate acquired in the abbreviated
financial year and held as investment property. As part of its growth
strategy, the DEMIRE real estate group is establishing a large portfolio of
commercial real estate in Germany. In the abbreviated 2014 financial year
alone, DEMIRE acquired commercial real estate projects with a rentable
space totalling more than 400,000 sqm. Since the closing of the
acquisitions continued well beyond the balance sheet date, the
consolidation of some project companies and the preparation of DEMIRE's
balance sheet have been delayed. Therefore, the Company will publish its
financial statements for the abbreviated 2014 financial year in May 2015.
The Executive Board
Disclaimer
The information in this release contains forward-looking statements that
are subject to various risks and uncertainties. Such forward-looking
statements are based on current forecasts, expectations and estimates of
DEMIRE's Executive Board at the time of their publications. Such statements
constitute neither promises nor guarantees and are subject to various known
and unknown risks and uncertainties, some of which are beyond DEMIRE's
influence. These risks and uncertainties may lead to actual results
differing materially from statements that are mentioned herein. DEMIRE
accepts no obligation to update or adjust the forward-looking statements
contained in this release to reflect events or circumstances after the date
of this release.
Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Fax: +49 (0) 69-719 189 79 11
Email: ir@demire.ag
Web: www.demire.ag
Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Phone: +49 (0) 511 4740 2310
Email: ir@demire.ag
12.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Germany
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: info@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Stuttgart
End of Announcement DGAP News-Service
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