DGAP-News: IC Immobilien Holding AG: IC Immobilien Holding AG Concludes 2009 Financial Year with Positive Result
(firmenpresse) - IC Immobilien Holding AG / Final Results
12.05.2010 13:51
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
-Substantial resurgence in business during Q4
-Positive real estate valuation result
-Further streamlining of cost structure
-Positive outlook for 2010
Unterschleissheim near Munich, May 12, 2010 IC Immobilien Holding AG
concluded its 2009 financial year with a positive result. The company
marked its return to profitability with a profit of 12,000 Euros after a
loss of nearly 7.7 million Euros in 2008. The company announced the news at
a balance sheet press conference in Munich today.
Further streamlining of cost structure,
positive real estate valuation results
The deconsolidation of participations caused the turnover to fall short of
the previous year's figure by 12.6 million Euros. At the same time, the
cost structure was further improved. Both sales costs and administrative
overhead in 2009 substantially undercut the sum total of the previous year.
The valuation result from real estate shows a gain of 301,000 Euros,
following impairments in an amount of 8.1 million Euros the year before.
The equity ratio rose from 23.4 percent to 26.4 percent year-on-year.
Robust Business Performance during Q4
'With the evidence for a shift in trend having mounted during the second
quarter of 2009, the business performance did gather momentum during the
second half of the year. Especially in Q4, our turnover and our net income
developed so positively that it ultimately defined the result for the
entire year, and this even though the development at the start of the
financial year had been very reticent,' said Dr. Oscar Kienzle, CEO of IC
Immobilien Holding AG. 'We are pleased to say that the loss of last year
has been succeeded by a positive result, even if this fall short of the
mark we set for ourselves. Our consistent investments in our IT
infrastructure have started to pay off, as we now have one of the most
advanced systems on the market at our disposal. While the cost battle in
the areas of asset management and property management has intensified, we
decided not to forgo these investments.'
Positive Outlook for 2010
In regard to the 2010 financial year, the executive board of IC Immobilien
Holding AG assumes that sales will continue to grow, and that earnings will
keep improving. The assessment of the current market environment is
cautiously optimistic. Since many market players agree that the transaction
volume on the real estate investment market most likely bottomed out in
2009, the board expects to see a noticeable expansion of transactions in
the investment area along with corresponding positive effects for the sales
and earnings performance of IC Immobilien Holding AG.
About IC Immobilien Gruppe
IC Real Estate Group focuses on real estate services for German and
international institutional investors. In addition, it assumes management
tasks both for real estate funds launched both in its own right and for
third parties. At the end of 2009, the IC Group had approximately 5 billion
Euros in assets under management. With nine branch offices and a staff of
about 140 professionals, the company operates virtually nationwide. IC
Immobilien Group manages a totalof about 28,000 private and institutional
investors.
Stephan Holeczek
IC Immobilien Holding AG
Ohmstrasse 4
85716 Unterschleissheim, Germany
Tel.: +49 (0)89 / 55 22 7 - 362
Fax: +49 (0)89 / 55 22 7 - 355
E-mail: investor.relations(at)ic-group.de
12.05.2010 13:51 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: IC Immobilien Holding AG
Ohmstraße 4
85716 Unterschleißheim
Deutschland
Phone: +49 (0)89 / 55227-362
Fax: +49 (0)89 / 55227-355
E-mail: stephan.holeczek(at)ic-group.de
Internet: www.ic-group.de
ISIN: DE0005632160
WKN: 563216
Listed: Freiverkehr in Berlin, München, Hamburg, Stuttgart; Open
Market in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------------
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Revett Minerals Reports First Quarter 2010 ProfitDatum: 12.05.2010 - 07:51 Uhr
Sprache: Deutsch
News-ID 1014621
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 96 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: IC Immobilien Holding AG: IC Immobilien Holding AG Concludes 2009 Financial Year with Positive Result
"
steht unter der journalistisch-redaktionellen Verantwortung von
IC Immobilien Holding AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
