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Full year results 2016A

Results for the abbreviated financial year 2016

Press Release, Annual Report 2016A, Annual Financial Report 2016A, Presentation of the Full Year Results 2016A

Press release

IMMOFINANZ: Group profit for 2016A negatively influenced by Russia and valuation effects, occupancy rate significantly increased, dividend of 6 cents/share planned

IMMOFINANZ recorded net income from continuing operations, i.e. excluding Russia, of EUR 26.9 million in the abbreviated 2016 financial year (2015A*: EUR 60.7 million). The major factors include increased maintenance costs for modernisation projects and the roll-out of the myhive and VIVO! brands, additional costs for the completion of residential buildings in Germany and the market-oriented valuation of CA Immobilien Anlagen AG at EUR -91.9 million. The non-cash effect from the valuation of this investment has already been offset in 2017 by an increase in the price of the CA Immo share.

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