News
02/05/2007
Deutsche Wohnen with record earnings - substantially exceeding earnings forecast and earnings 2005
DGAP-Ad-hoc: Deutsche Wohnen with record earnings - substantially exceeding earnings forecast and earnings 2005
Deutsche Wohnen AG / Final Results
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
On basis of a preliminary consolidated financial statement (IFRS), Deutsche Wohnen AG is expecting that its consolidated profit after tax for full-year 2006 of around EUR 31 million will be around 82% above the 2006 forecast of EUR 17 million, and approx. 94% higher than the 2005 profit of EUR 16 million.
Deciding for this is the initial full consolidation of DB Immobilienfonds 14 (approx. 2,500 residential units) in accordance with accounting requirements. Due to a right of tender held by the limited partners, Deutsche Wohnen AG currently holds around 25% of the shares in this fund, a figure that is likely to increase in future.
Further on the segment result from sales activities was also up significantly year-on-year. Due to this with approx. EUR 22.4 million also the 2006 result from ordinary activities was also approx. 12% above the forecast for the year and 32% up on the prior-year figure of just under EUR 17 million.
2006 consisted of two short fiscal years for Deutsche Wohnen AG and the Group. All the above-mentioned results are cumulative figures for both short fiscal years. Deutsche Wohnen AG will publish details on its consolidated results for 2006 on February 15, 2007.
Hubert Bonn
Head of Investor & Public Relations
Phone: +49 6131 6397 116
email: hubert.bonn@deuwo.com
DGAP 05.02.2007
Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main Deutschland
Phone: +49 (0)6131-6397-116
Fax: +49 (0)6131-6397-199
E-mail: hubert.bonn@deuwo.com
WWW: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Stuttgart, Düsseldorf
End of News DGAP News-Service
Deutsche Wohnen AG / Final Results
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
On basis of a preliminary consolidated financial statement (IFRS), Deutsche Wohnen AG is expecting that its consolidated profit after tax for full-year 2006 of around EUR 31 million will be around 82% above the 2006 forecast of EUR 17 million, and approx. 94% higher than the 2005 profit of EUR 16 million.
Deciding for this is the initial full consolidation of DB Immobilienfonds 14 (approx. 2,500 residential units) in accordance with accounting requirements. Due to a right of tender held by the limited partners, Deutsche Wohnen AG currently holds around 25% of the shares in this fund, a figure that is likely to increase in future.
Further on the segment result from sales activities was also up significantly year-on-year. Due to this with approx. EUR 22.4 million also the 2006 result from ordinary activities was also approx. 12% above the forecast for the year and 32% up on the prior-year figure of just under EUR 17 million.
2006 consisted of two short fiscal years for Deutsche Wohnen AG and the Group. All the above-mentioned results are cumulative figures for both short fiscal years. Deutsche Wohnen AG will publish details on its consolidated results for 2006 on February 15, 2007.
Hubert Bonn
Head of Investor & Public Relations
Phone: +49 6131 6397 116
email: hubert.bonn@deuwo.com
DGAP 05.02.2007
Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main Deutschland
Phone: +49 (0)6131-6397-116
Fax: +49 (0)6131-6397-199
E-mail: hubert.bonn@deuwo.com
WWW: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Stuttgart, Düsseldorf
End of News DGAP News-Service