Ad hoc Mitteilung
DEMIRE expects consolidated net profit in the double-digit million range for the abbreviated 2014 financial year
Ad hoc announcement pursuant to Section 15 WpHG
Frankfurt/Main, 03. March 2015 – The Executive Board of DEMIRE Deutsche Mittelstand Real Estate AG (“DEMIRE”, ISIN DE000A0XFSF0) expects consolidated net profit of an amount in the double-digit million range for the abbreviated 2014 financial year (1 April to 31 December 2014) pursuant to IFRS based on the findings available today in the context of preparing the annual financial statements. In the previous financial year that ran from 1 April 2013 to 31 March 2014, the Group recorded a consolidated net loss under IFRS in the amount of approximately EUR 6 million. The projected jump in earnings results from the fair value measurement of real estate acquired in the abbreviated financial year and held as investment property. Due to the lack of confirmation of these appraisal reports, the Company cannot predict the ultimate effect of this appraisal at this time. Therefore, the precise amount of reportable consolidated net profit has not yet been firmly established.
The Executive Board
The information in this release contains forward-looking statements that involve a number of risks and uncertainties. The forward-looking statements contained herein are based on current plans, expectations and estimates made by the DEMIRE Executive Board on the date of their publication. Such statements are neither promises nor guarantees, and are subject to a number of known and unknown risks and uncertainties, some of which cannot be influenced by DEMIRE. These risks and uncertainties could cause actual results or circumstances to differ materially from the statements made herein. DEMIRE is not obliged to update or release any revisions to the forward-looking statement in this release to reflect events or circumstances occurring after the date of this release.