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Immoeast saw the most difficult financial year since foundation

Vienna real-estate firm Immoeast reported namely 28% in rental income (EUR 282.7m compared with EUR 220.7m in the previous year) and 37% (EUR 407m compared with EUR 297.2m in the previous year) in revenues and also the EBITDA of EUR 163.4m is higher than in the previous year (EUR 146.1m), the financial result of EUR -913.2m in the past financial year is considerably lower than in the previous year (EUR 251.0m). EUR -367.5m of the decrease can be attributed to impairments of associated companies (in particular Trigranit), EUR -331.2m to exchange rate effects and EUR -219.6m to the valuation of financial instruments.

Thus, the EBIT is EUR -1, 713.8m (financial year 2007/08: EUR 15.0m), the EBT EUR -2, 627.0m (financial year 2007/08: EUR 266.0m). The book value per share is EUR 6.45 (financial year 2007/08: EUR 9.42) and the NAV (Net Asset Value) per share EUR 7.09 compared with EUR 10.27 in the previous year. The profit per share is calculated with EUR -2.85 (financial year 2007/08: EUR 0.21).



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