DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s):
Final Results
30.08.2014 / 19:57
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- Group's realignment at an advanced stage
- New commercial real estate makes positive contribution to earnings
- Continued expansion of core real estate portfolio planned
Frankfurt/Main, August 30, 2014 - Today, DEMIRE Deutsche Mittelstand Real
Estate AG ("DEMIRE", ISIN DE000A0XFSF0) announced its fiscal year 2013/2014
results. The Company's Supervisory Board comprehensively discussed the
financial statements and consolidated financial statements for fiscal year
2013/2014 (April 1, 2013 until March 31, 2014), which were reviewed by the
auditor and furnished with an unqualified audit opinion, including the
first combined management report for the Company and the Group. The
Supervisory Board has adopted the annual financial statements and approved
the consolidated financial statements.
As a result of the expenses of the Group's comprehensive and still ongoing
realignment, the DEMIRE Group achieved a net loss for the period of EURk
-5,986 in fiscal year 2013/2014 after reporting EURk -5,930 in the previous
year. This result was in line with expectations. Income from the rental of
real estate acquired in line with our strategy at the end of the past
fiscal year made a positive contribution to our earnings. In addition, the
first property acquired in Munich already achieved a visible value
appreciation. Burdens on earnings included those related to the Group's
realignment and impairments, particularly with regard to investments in the
Ukraine.
The current fiscal year 2014/2015 will be marked by the Group's growth.
DEMIRE wants to take advantage of the currently favourable market
environment to rapidly build an attractive portfolio of commercial real
estate in Germany. To finance its growth strategy and to strengthen the
financial position of DEMIRE, the Executive Board is currently considering
various options, including the issuance of a bond.
The full financial statements and consolidated financial statements will be
published today on the Company's website under the link
http://www.demire.ag/en/investors/publications.php.
About Deutsche Mittelstand Real Estate
DEMIRE Deutsche Mittelstand Real Estate AG is a Frankfurt/Main
headquartered real estate Group with a clear focus on commercial real
estate in Germany.
The Group pursues a buy-and-hold-strategy combined with active portfolio
management. It is concentrated on both the value-added and core-plus
investment approaches. The combination of these two approaches offers a
balanced risk-return ratio and attractive opportunities.
The shares of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN
DE000A0XFSF0) are listed in the regulated market (General Standard Segment)
of the Frankfurt Stock Exchange.
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30.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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