CA Immobilien Anlagen AG
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CA Immo increases net profit and recurring profitability
591 
0 KommentareAdhoc announcement according to article 48d section 1 BörseG
Vienna (pta032/27.05.2015/20:00) - 27.5.2015.
* FFO I with EUR 21.8 m (+36%) well above previous year´s level (Eur 16.0 m in 2014) * Financial result substantially improved to EUR -6.9 m (against Eur -20.4 m in 2014) * Earnings before taxes (EBT) stood at EUR 18.3 m (+2.2 % on the 2014 value of Eur 17.9 m) * Net operating income up 39.2% at EUR 19.3 m, equivalent to EUR 0.20 per share
CA Immo has successfully sustained last year's positive earnings trend into the first quarter of 2015; once again, the company increased its long-term revenue in year-on-year terms while reducing the debt level.
FFO I, the key indicator of the Group's long-term profitability and capacity to pay dividends, reported before taxes and adjusted for the sales result and other non-recurring effects, maintained the year-on-year increases of previous quarters to stand at EUR 21.8 m after the first three months (EUR 16.0 m in 2014). FFO II, which includes the sales result and applicable taxes and indicates the company's overall profitability, stood at EUR 19.5 m on the key date (EUR 29.7 m in 2014).
Results for the first quarter of 2015 Net rental income fell by -6.0% to EUR 31.2 m. The main reason for the reduction was the absence of a contribution from the Lipowy office building in Warsaw, which was sold at the end of the first quarter in 2014. Combined with lower revenue from more volatile earnings components property sales and other operating income, earnings before interest, taxes, depreciation and amortisation (EBITDA) were -18.2% below last year's level at EUR 27.8 m.
After the first three months of 2015, the result from joint ventures (accounted for under the at equity method) totalled EUR 3.0 m (against EUR 8.0 m in 2014). The decline on the previous year's figure related among others to the sale of logistics assets in the first quarter of 2015. The revaluation result for the Group stood at EUR -5.0 m as at 31 March 2015. Earnings before interest and taxes (EBIT) of EUR 25.2 m (EUR 38.3 m in 2014) reflected the aforementioned effects on earnings.
In yearly comparison, the financial result for quarter one improved substantially to EUR -6.9 m (against EUR -20.4 m in 2014). As a result of continual optimization of the financing structure, the Group's financing costs - a key element in long-term earnings - fell by a substantial -33.1% on the Q1 2014 value to stand at EUR -14.9 m. Earnings before taxes (EBT) stood at Eur 18,3 m, an increase of 2.2 % on the 2014 value of EUR 17.9 m. Where taxes on income are deducted (EUR 1.0 m), net operating income was up 39.2% at EUR 19.3 m, equivalent to EUR 0.20 per share (2014: EUR 0.16 per share).
* FFO I with EUR 21.8 m (+36%) well above previous year´s level (Eur 16.0 m in 2014) * Financial result substantially improved to EUR -6.9 m (against Eur -20.4 m in 2014) * Earnings before taxes (EBT) stood at EUR 18.3 m (+2.2 % on the 2014 value of Eur 17.9 m) * Net operating income up 39.2% at EUR 19.3 m, equivalent to EUR 0.20 per share
CA Immo has successfully sustained last year's positive earnings trend into the first quarter of 2015; once again, the company increased its long-term revenue in year-on-year terms while reducing the debt level.
FFO I, the key indicator of the Group's long-term profitability and capacity to pay dividends, reported before taxes and adjusted for the sales result and other non-recurring effects, maintained the year-on-year increases of previous quarters to stand at EUR 21.8 m after the first three months (EUR 16.0 m in 2014). FFO II, which includes the sales result and applicable taxes and indicates the company's overall profitability, stood at EUR 19.5 m on the key date (EUR 29.7 m in 2014).
Results for the first quarter of 2015 Net rental income fell by -6.0% to EUR 31.2 m. The main reason for the reduction was the absence of a contribution from the Lipowy office building in Warsaw, which was sold at the end of the first quarter in 2014. Combined with lower revenue from more volatile earnings components property sales and other operating income, earnings before interest, taxes, depreciation and amortisation (EBITDA) were -18.2% below last year's level at EUR 27.8 m.
After the first three months of 2015, the result from joint ventures (accounted for under the at equity method) totalled EUR 3.0 m (against EUR 8.0 m in 2014). The decline on the previous year's figure related among others to the sale of logistics assets in the first quarter of 2015. The revaluation result for the Group stood at EUR -5.0 m as at 31 March 2015. Earnings before interest and taxes (EBIT) of EUR 25.2 m (EUR 38.3 m in 2014) reflected the aforementioned effects on earnings.
In yearly comparison, the financial result for quarter one improved substantially to EUR -6.9 m (against EUR -20.4 m in 2014). As a result of continual optimization of the financing structure, the Group's financing costs - a key element in long-term earnings - fell by a substantial -33.1% on the Q1 2014 value to stand at EUR -14.9 m. Earnings before taxes (EBT) stood at Eur 18,3 m, an increase of 2.2 % on the 2014 value of EUR 17.9 m. Where taxes on income are deducted (EUR 1.0 m), net operating income was up 39.2% at EUR 19.3 m, equivalent to EUR 0.20 per share (2014: EUR 0.16 per share).
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