DGAP-News

Fiscal Year 2016: Hahn Group shows profitable growth

DGAP-News: HAHN-Immobilien-Beteiligungs AG / Key word(s): Final Results Fiscal Year 2016: Hahn Group shows profitable growth 30.03.2017 / 20:49 The issuer is solely responsible for the content of this announcement.

Fiscal Year 2016: Hahn Group shows profitable growth

- Management revenues up by about 18 percent

- pre-tax profit increases to EUR 6.5 million (2015: EUR 5.8 million)

- Equity increased by 7.7 percent to EUR 43.6 million

- Letting rate of 98.0 percent as of January 31, 2017

Bergisch Gladbach, March 30, 2017 - The Hahn Group benefited in 2016 from a continued favorable economic and capital market environment. Tenant demand for large-scale retail properties was very stable and resulted in a positive development of the real estate portfolio. New business with institutional investors and private customers also developed very positively. In the year 2016, the Hahn Group raised around EUR 249 million equity for its investment funds and realized a transaction volume of around EUR 360 million with third parties. In the period under review, three public AIFs and one open special AIF with a target investment volume of around EUR 570 million were issued.

All divisions contributed significantly to the Group's good earnings performance. The new business, management and investment segments achieved a positive operating result and met expectations. In new business and management the earnings expectations were even surpassed. Net income after taxes was also higher than the forecast published in the Annual Report 2015.

Michael Hahn, CEO: "We are very satisfied with the business development of the Hahn Group. In 2016, in particular, we were able to further expand our managed real estate assets with many new investments, thus creating the basis for a sustainably positive development of earnings. "

The real estate assets managed by Hahn Group increased to around EUR 2.75 billion as of the end of January, 2017 (previous year: EUR 2.45 billion). In 2016, the Asset Management division concluded lease agreements of around 93,000 m² of retail space. The letting rate as of the end of January, 2017, was around 98 percent.