DIC Asset AG: Preliminary Figures for 2014 - Board resolution passed to support the move of CEO Ulrich Höller to the Supervisory Board in 2016
DIC Asset AG / Key word(s): Preliminary Results/Change of Personnel
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At the start of 2015, DIC Asset AG (German Securities ID: WKN A1X3XX / ISIN DE000A1X3XX4) released the first preliminary key performance indicators for the 2014 financial year: All things considered, DIC Asset AG achieved its targets for 2014. For instance, it realised a FFO of around EUR 48 million (2013: EUR 45.9 million). The gross rental income is expected to total between EUR 145 and EUR 147 million (2013: EUR 125.2 million), which implies a year-on-year increase by around 17 percent that was mainly generated by the increased revenues from the joint venture portfolio taken over in late 2013.
DIC Asset AG also achieved a letting result of approximately 240,000 sqm in 2014 (2013: 176,000 sqm), thereof attributable 27,000 sqm in total to the current project developments "MainTor" in Frankfurt and "Opera Offices Neo" in Hamburg. As intended, the robust letting result achieved a stable vacancy rate of around 11 percent (2013: 10.7 percent).
Overall, we realised an acquisition volume of around EUR 180 million (2013: EUR 600 million) across our business divisions, with Q4 having developed a particularly brisk momentum. Especially the investment fund business line grew significantly. We acquired 7 assets in a combined volume of around EUR 135 million (2013: EUR 119 million). By the end of 2014, we had realised a total sales volume of around EUR 162 million (2013: EUR 99 million), which breaks down into approximately EUR 95 million in sales from our directly held Commercial Portfolio, and approximately EUR 67 million in sales in the Co-Investment segment.
The proven senior management team headed by Ulrich Höller (49) will continue to pursue the corporate strategy with its clear focus on the portfolio property business in 2015. At the end of 2015, at the expiration of his current contract as CEO, Ulrich Höller will leave the management board yet will continue to play a key role in the company's supervisory board and in the bodies of DIC Onsite starting in the year 2016. The board appointment of Sonja Wärntges as incumbent CFO has just been extended through the end of 2018.
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Company: DIC Asset AG
Neue Mainzer Straße 20 * MainTor
Phone: +49 69 9454858-1240
Fax: +49 69 9454858-9399
ISIN: DE000A1X3XX4, DE000A1KQ1N3, DE000A1TNJ22 WKN: A1X3XX, A1KQ1N, A1TNJ2
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
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