DGAP-Adhoc

Peach Property Group AG outlines its half-year results 2012 - earnings and EBIT up significantly

Peach Property Group AG   / Key word(s): Half Year Results

31.07.2012 07:00

Release of an ad hoc announcement pursuant to Art. 53 KR

---

Press release

Peach Property Group AG outlines its half-year results 2012 - earnings and
EBIT up significantly

Zurich, 31 July 2012 - Peach Property Group AG, a leading developer of
high-value residential property in German-speaking Europe, today issued
provisional indications of its half-year results 2012. Total revenues in
the first six months of 2012 showed a marked rise compared to the same
period in 2011 to approximately CHF 16.0 to 16.5 Mio. (H1 2011: 6.2 Mio.).
This is due to sales revenues generated by the handover of apartments at
Harvestehuder Weg 36, Hamburg, additional rental income from the portfolios
acquired in Germany in 2011 and 2012, and appreciation in the value of the
existing property portfolios. Based on provisional figures for the first
six months of 2012, Peach Property Group is expecting to report operating
profit (EBIT) in the area of CHF 2.0 to 2.5 Mio, following a negative
half-year result in 2011 of -5.3 Mio. Net profit is expected to be around
break-even.

According to the second-quarter 2012 asset report also published today, the
market value of the property portfolio based on a valuation by independent
property appraisers Wüest & Partner on 30 June 2012 has risen to CHF 364.5
million (Q2 2011: 272.2 million). Of this figure, development properties
account for CHF 307.0 million (84% of the portfolio), with the remaining
CHF 57.5 million (16%) accounted for by existing properties.

In addition, sales status (notarized apartment sales relative to expected
overall sales volume) for the current developments could be significantly
increased during the first 6 months of 2012 (e.g. Beach House from 25% to
45%; Schooren des Alpes from 13% to 60% or yoo berlin from 42% to 56%).
Total sales for the first 6 months of 2012 amounted to roughly CHF 49 Mio.
(H1 2011: 20.4 Mio).

Peach Property Group AG is publishing its full half-year results on 23
August 2012, backed by a teleconference for analysts and the media. The
second-quarter 2012 asset report may be found on the website via the
following link:

http://investoren.peachestates.com/websites/peachestates/German/5300/asset
-reporting.html

Contacts
Investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
[phone]
[e-mail]

Media:
Siro Barino, Barino Consulting
[phone]
[e-mail]

About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality
residential property in the German-speaking region of Europe. Its