DGAP-News

publity enjoys further higher revenues and earnings in H1 2017 according to preliminary figures

DGAP-News: publity AG / Key word(s): Half Year Results/Scheme of Arrangement publity enjoys further higher revenues and earnings in H1 2017 according to preliminary figures 18.07.2017 / 11:26 The issuer is solely responsible for the content of this announcement. - Net profits in H1 2017 up by more than 30 percent to EUR 5.5 million - earnings per share EUR 0.91 - EBIT up by 27 percent to EUR 8.1 million; revenues up by around 11 percent to EUR 12.9 million - Assets under management on 30 June 2017 at EUR 3.8 billion after EUR 3.2 billion at the end of 2016

Leipzig, 18 July 2017 - publity AG (Scale, ISIN DE0006972508), an investor and asset manager for German office properties, has recorded an increase in revenues and earnings in the first half of 2017 (preliminary figures). Under HGB accounting, net profits in the first six months of 2017 totalled EUR 5.5 million, more than 30 percent higher than the result in the same period of the previous year of around EUR 4.2 million. This corresponds to earnings per share of EUR 0.91 after EUR 0.69 one year previously. EBIT soared to EUR 8.1 million after EUR 6.4 million in the previous year, up by 27 percent. Revenues totalled EUR 12.9 million, exceeding the previous year's figure of EUR 11.6 million by 11 percent.

This increase is primarily due to publity AG's highly successful asset management business. In particular repeat income from asset management business has increased as part of the strong expansion of the assets under management. publity recently concluded additional asset management mandates and has thus substantially reinforced its co-investment business with international investors. Assets under management (AuM) have increased to EUR 3.8 billion at the end of June 2017 from EUR 3.2 billion at the end of 2016. In addition, publity has also recorded key rental successes for the properties it manages, and has once again been able to sell properties at a profit since the start of 2017. publity receives a finder's fee when the properties are purchased, receives income for its extensive asset management, and also participates in the sale of the properties at a profit.