The 2006/07 results were highly positive for IMMOFINANZ, and significant gains were made on all business indicators. IMMOFINANZ will pay out its first ever dividend for the 2006/07 year. Excellent business development makes a high payout possible. The board of IMMOFINANZ will propose a payout of 150 million euro at the AGM.

That works out at 33 cents per share. Based on the share price of 25 July, dividend yields thus come to around 3.4 percent – an attractive level, also compared to dividend yields of shares in other sectors. IMMOFINANZ is following an international trend, and has thus responded to the demands and expectations of small investor representatives”, says chairman of the board Karl Petrikovics.

The most important business indicator, earnings before interest and taxes (EBIT), rose by 63.3 percent from 543.6 million euro to 887.7 million euro. The increase in earnings before taxes (EBT) was even stronger, climbing 75.6 percent to 913.6 million euro from 520.4 million euro.

Revenues also increased significantly, from 401.3 million euro to 518.9 million euro, an increase of 29.3 percent on the year. This was accompanied by a remarkable increase in cash flow, which increased by 31.2 percent to 169.6 million euro from 129.3 million euro the previous year. These increases are even more significant, given the increasing proportion of development projects that naturally did not result in revenues and positive cash flow within the reporting period.

“2006/07 was the best year in the history of IMMOFINANZ in all respects”, Petrikovics summarises. “The profitability of our real estate portfolio has risen significantly and revenues have surpassed half a billion euro for the first time. As such, IMMOFINANZ can point to excellent business indicators. These demonstrate impressively that the strong growth could not only be absorbed without problems, but also that the enterprise's financial outlook is better than ever.”

PRESS RELEASE on 30.07.2007