direct/Wereldhave NV: Wereldhave Results 2004

The Hague, 25.02. 2005 10:39

Pressemitteilung übermittelt von directnews. Für den Inhalt dieser Pressemitteilung ist allein das berichtende Unternehmen oder die berichtende Institution verantwortlich.

direct/Wereldhave NV: Wereldhave Results 2004

Press release Wereldhave results 2004

- profit EUR 171.2 mln (2003: EUR 104.7 mln)
- direct investment result EUR 5.73 per share (2003: EUR 5.91)
- purchase of shopping centre in the United States
- positive property revaluation EUR 58.9 mln
- proposed dividend EUR 4.50 per share (2003: EUR 4.45)

Profit 2004
Profit increased from EUR 104.7 mln in 2003 to EUR 171.2 mln, mainly as a result of a positive property revaluation. The property revaluation and result of disposals, at average exchange rates, amounted to EUR 55.9 mln in 2004 (2003: EUR - 1.7 mln) and the movement in tax liabilities amounted to EUR - 2.8 mln (2003: EUR - 10.1 mln). Profit per share for 2004 amounts to EUR 8.31 (2003: EUR 5.31).

Direct investment result
The direct investment result rose EUR 1.6 mln to EUR 118.1 mln. The increase is the result of EUR 3.1 mln lower interest costs, EUR 2.0 mln lower taxes on result and EUR 1.0 mln lower general costs. Net rental income decreased by EUR 4.5 mln, of which EUR 2.3 mln was caused by lower exchange rates. The direct investment result per share decreased by EUR 0.18 to EUR 5.73 (2003: EUR 5.91) as a result of the increased number of shares coupled with a portfolio that remained virtually unchanged.

Prospects
In Wereldhave´s view, the current geographic spread offers possibilities, particularly in large, liquid markets. As such, our focus in 2005 will be primarily on acquiring new projects yet to be constructed, which can be added to our portfolio in the coming years. Our target to achieve a portfolio volume of EUR 2.5 billion remains unchanged.

We pursue an expansion of the portfolio with developments and standing investments. In view of our current solvency ratios, an expansion of the investment portfolio will immediately contribute to the direct investment result per share. Leasing is on the recovery in several property markets, not just in the United States, but also in Europe.

For further information: www.wereldhave.com

Kontaktinformationen:

This information is provided by RNS
The company news service from the London Stock Exchange

END

Drucken der Pressemitteilung

Fotolabor Treml GmbH

www.News-Ticker.org

News-Ticker.ch

News-Ticker.at

Treml.info

Fotolabor Treml GmbH

www.News-Ticker.org

News-Ticker.ch

News-Ticker.at

Treml.info