S IMMO AG

Positive annual trend continues - Seite 2

EBIT amounted to EUR 133.0m as of 30 September 2017 (30 September 2016: EUR 170.5m). The successful sale of the Serdika property also contributed to this development, to the extent that overall the company generated the second-best EBIT in its history.

Development of EBT, net profit for the period and earnings per share
The financing result including participating certificates improved to EUR -39.7m as of 30 September 2017 (Q3 2016: EUR -52.1m).

As of 30 September 2017, EBT amounted to EUR 93.3m (Q3 2016: EUR 118.4m). The successful sales led to an increase of tax expenses. As a result, net income for the period totalled EUR 77.0m (Q3 2016: EUR 119.8m). Earnings per share for the first three quarters came to EUR 1.12 (Q3 2016: EUR 1.78 per share).

Equity and LTV ratio
In the first three quarters of 2017, equity without minorities rose to EUR 880.1m (31 December 2016: EUR 795.6m). As a result, the equity ratio improved to 39.8% (31 December 2016: 36.2%) and the book value per share increased to EUR 13.29 as of 30 September 2017 (31 December 2016: EUR 12.02). A key performance indicator for assessing the financing structure is the loan-to-value ratio (LTV ratio), which improved to 49.2% as of 30 September 2017 (31 December 2016: 55.9%).

S IMMO share in the ATX
The S IMMO share also achieved an extremely positive performance again. Since the beginning of the year, it has posted price gains of around 50%. In addition, the S IMMO share has been included in the ATX, the benchmark index on the Vienna Stock Exchange, since September 2017. The share is currently trading between EUR 14.00 and EUR 15.00, while EPRA NAV amounted to EUR 16.06 as at 30 September 2017. Considering the dividend of EUR 0.40 per share, this represents an increase of 12.6% since the beginning of the year. Thus, there is further potential for increases in the share price performance in the future.

Outlook for 2018
Friedrich Wachernig, member of S IMMO AG's Management Board, is also most confident for the next financial year: "We are not resting on our laurels, but instead are actively preparing for future success. This firstly includes our project pipeline with a total investment volume currently amounting to more than EUR 600m. At the same time, we are also active as a buyer and invest in German cities, where we see significant potential. These projects and acquisitions will secure us sustainable income in the coming years."