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euro adhoc: CA Immobilien Anlagen Aktiengesellschaft / quarterly or semiannual financial statement / Interim review as of 30 September 2007: CA Immo boosts useful area and result strongly

Geschrieben am 30-11-2007


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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9-month report

30.11.2007

- Total useful area increases by 125%
- EBIT climbs by 95% and rental income by 60%
- Net asset value (NAV) rises 58%

The interim balance sheet as of 30 September 2007 shows that CA Immo
continues to grow steadily. The company posted increases in all the
key indicators. CA Immo remains committed to the strong asset base of
a first-rate property portfolio and the pursuit of its investment
policy in Austria and Germany, as well as that of the 51% subsidiary,
CA Immo International, in CEE, SEE and the CIS.

Key financial figures


EURm Q1-3 2006 Q1-3 2007 Change
Rental income 56.9 90.9 + 60%
EBITDA 43.7 72.2 + 65%
Operating result (EBIT) 60.8 118.3 + 95%
Net income before taxes (EBT) 54.8 86.6 + 58%
Consolidated net income 46.7 70.1 + 50%
Operating cash flow 38.1 65.7 + 72%


The operating result (EBIT) was raised from EUR60.8m in the first nine months of
2006 to EUR118.3m, or by 95%. The EBITDA, essentially the earnings before
revaluation gains, increased by 65% to EUR72.2m. The earnings before income
taxes (EBT) climbed from EUR54.8m to EUR86.6m, which represents an increase of
58%. Rental income advanced from EUR56.9m to EUR90.9m, which represents growth
of 60%. Consolidated net income rose year on year by 50%, from EUR46.7m to
EUR70.1m. The growth in operating cash flow came to 72%; it increased from
EUR38.1m to EUR65.7m.


Portfolio significantly enlarged

The Group's portfolio already expanded in HY1 2007, but several further
prominent additions were posted in the third quarter. These included a property
portfolio in Vienna, a development project in Hamburg (a logistics centre for
the Hennes & Mauritz fashion chain), and a warehouse property in Kassel. By way
of a project in Tallinn, CA Immo International made its debut on the Estonian
market. The office building being constructed there will offer a useful area of
9,350 sqm and cost EUR30.8m. Shortly after the end of the third quarter, the
acquisition of an administration complex in Berlin was concluded. CA Immo
International wrapped up the purchase of a private school in Prague together
with a long-term lease, and a contract to build a shopping centre in Sibiu,
Romania, to be followed by similar projects in cooperation with a local
developer.

As of the reporting date, 30.9.2007, the portfolio of CA Immo encompassed 211
properties with a total useful area of 1,930,169 sqm. The useful area increased
by 1,068,938 sqm or 125%.

It breaks down into 55% or 167 core investments of CA Immo in Austria and
Germany, 15% or 16 core investments of CA Immo International in the CEE and SEE
regions and the CIS, 17% or 19 development projects of CA Immo, and 13% or 9
development projects of CA Immo International. In the portfolio of the CA Immo
Group, the breakdown of useful area by type of use is dominated by office space,
with a share of 46%, but this ratio is declining as a result of the
diversification strategy. Commercial and warehousing facilities occupy 15% of
the total useful area, retail premises 5%, hotels 4%, and residential units 4%.
Parking spaces tied to properties account for 23% of the portfolio. The
breakdown by country indicates that Austrian properties embrace just less than
40% of the total useful area, followed by those in Germany with 32%, Hungary
with 7%, and Poland with a share of a good 4%. Next in line are the Czech
Republic, Romania and Bulgaria with 4% each, Slovakia with 2% and Serbia with a
little more than 1%.


The portfolio was valued at EUR2,353m on the reporting date,
30.9.2007, which is 80% higher than the figure posted at the end of
the equivalent period in 2006 (EUR1,308.7m).

NAV climbs 58%

The CA Immo share price reflected the general market pattern. The
shares are trading at a mark-down of about 30% compared with the
current net asset value (NAV). As of 30.9.2007 the NAV stood at
EUR1,905.9m (58% higher than on 31.12.2006) or EUR21.84/share.
Measured against the start of the year (EUR20.77), the NAV/share has
thus increased by 5%. During the same period the NNNAV/share also
climbed by 5%, to close Q3 at EUR22.25. Analyses of the CA Immo share
performed in the reporting period gave buy recommendations and
underscored its price potential.

Outlook for whole of 2007 business year

In view of its development during the first nine months, CA Immo
gives a favourable general forecast for the whole year for both the
Group and the individual companies. The company intends to exhaust
its planned investment volume of EUR3bn by mid-2008. CA Immo is
countering the rise in interest rates with a sustainable, long-term
risk strategy, which will also largely avert the impact of future
increases. In Germany, the company intends to float a real estate
investment trust (REIT) in the first half of 2008 and thus add a
further nuance to its product portfolio.

CA Immo Group

Founded in 1987, CA Immo has emerged within 20 years as one of the
leading property investment companies in Austria. It invests in
commercial properties (offices, business hotels, shopping centres,
logistics parks and warehouses). In order to be able to address new,
especially institutional investor groups while maintaining its
position among the approximately 22,000 private shareholders, CA Immo
adopted a Group structure in 2006. CA Immo International, which
embraces the Group's entire portfolio in Eastern and South East
Europe, was positioned as a subsidiary of CA Immo, which was listed
in 1988. The properties in Austria and Germany continue to be
overseen by CA Immo. In addition, the CA Immo New Europe property
fund was established for the projects business, and the H1 Hotelfonds
for the hotel segment. CA Immo is listed on the Vienna Stock
Exchange, and about 90% of its shares are publicly held at present.


end of announcement euro adhoc 30.11.2007 09:00:00
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ots Originaltext: CA Immobilien Anlagen AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

CA Immobilien Anlagen AG
Bruno Ettenauer
Wolfhard Fromwald
Andrea Bauer
Phone: +43 1 532 59 07
Fax: +43 1 532 59 07-510
E-mail: office@caimmoag.com
www.caimmoag.com

Branche: Real Estate
ISIN: AT0000641352
WKN: 064135
Index: Immobilien-ATX
Börsen: Wiener Börse AG / Regulated free trade


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