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KWG Kommunale Wohnen AG: KWG AG shows substantial earnings increases - Seite 2
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Though, the management board expects that the Net Rental income in 2014
will be maintained at the previous year's level of approx. EUR 30 mn. With
an ongoing modernization of the portfolio the net rental income per sqm as
well as the value of property assets per sqm shall be increased.
Furthermore the management board expects a slight increase in FFO from
rental income. The earnings shall also be supported by liquidity increases
from the portfolio adjustments. The equity this frees up shall be invested
in the enhancement of the KWG's properties to support the profitability of
the portfolio. The management board expects Earnings before Interest and
Taxes of approx. EUR 5.0 mn.
Further information
In line with the preparation of the financial statement 2013 the
IFRS-consolidated statement of 2012 has been restated. The restatement has
an effect of EUR -0.8 mn. on the previous year's Group's Net Result.
The annual report is available for download on the corporate website at
http://www.kwg-ag.de/en/investor-relations/
Contact
KWG Kommunale Wohnen AG
Jan Hutterer
Alstertor 9
20095 Hamburg
Tel.: +49 (0)40 226 30 88-100
eMail: ir@kwg-ag.de
www.kwg-ag.com
End of Corporate News
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14.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KWG Kommunale Wohnen AG
Alstertor 9
20095 Hamburg
Germany
Phone: 040 22 63 088 100
Fax: 040 22 63 088 200
E-mail: ir@kwg-ag.de
Internet: www.kwg-ag.de
ISIN: DE0005227342
WKN: 522734
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Frankfurt in Open Market (Entry
Standard)
End of News DGAP News-Service
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262975 14.04.2014
In line with the preparation of the financial statement 2013 the
IFRS-consolidated statement of 2012 has been restated. The restatement has
an effect of EUR -0.8 mn. on the previous year's Group's Net Result.
The annual report is available for download on the corporate website at
http://www.kwg-ag.de/en/investor-relations/
Contact
KWG Kommunale Wohnen AG
Jan Hutterer
Alstertor 9
20095 Hamburg
Tel.: +49 (0)40 226 30 88-100
eMail: ir@kwg-ag.de
www.kwg-ag.com
End of Corporate News
---------------------------------------------------------------------
14.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: KWG Kommunale Wohnen AG
Alstertor 9
20095 Hamburg
Germany
Phone: 040 22 63 088 100
Fax: 040 22 63 088 200
E-mail: ir@kwg-ag.de
Internet: www.kwg-ag.de
ISIN: DE0005227342
WKN: 522734
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Frankfurt in Open Market (Entry
Standard)
End of News DGAP News-Service
---------------------------------------------------------------------
262975 14.04.2014
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