IMMOFINANZ Immobilien Anlagen AG has concluded the 2005/06 fiscal year (ending 30 April 2006) with excellent results. The company has broken new records for both earnings and turnover.

Operating profits rose by 75 percent as compared to the 2004/05 fiscal year, from 310 m Euro to 543.6 m Euro. Earnings before taxes (EBT) rose from 287.6 m Euro to 520.4 m Euro and net profit rose from 219.6 m Euro to 396.4 m Euro, increases of 81 percent each.

Gross cash flow rose by 51.9 m Euro to 129.3 m Euro. The return on equity remained almost unchanged at 11.5 percent as compared to 11.9 percent, whilst the return on capital employed was improved noticeably, from 6.8 percent to 8.5 percent.

Revenues rose from 229.5 m Euro to 401.3 m Euro, an increase of 75 percent. At 1.82 bn Euro, investments almost reached the levels of the 2004/05 fiscal year – a year that was largely defined by the acquisition of BUWOG and a majority stake in ESG.

Property assets were valued at 6.9 bn Euro as of 30 April 2006, an increase of 57 percent on the previous year's figure of 4.4 bn Euro. The number of properties rose by 1032 to 2146, lettable space (by investment held) reached 6.83 sqm, an increase of 2.74 sqm or 67 percent compared to the 4.09 sqm the previous year.

“These results demonstrate the advantages of our diversified portfolio”, CEO Karl Petrikovics says. “The rapid expansion in the past two years has not impacted negatively on income in any way. In fact, the opposite is the case: the company's returns are the highest ever. All real estate segments and all three regional holding companies have contributed to the growth in both turnover and earnings.”