News Detail - DIC Assets

Ad-hoc disclosure pursuant to section 15 of the German Securities Trading Act (WpHG)


DIC Asset AG / Preliminary Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

On the basis of initial provisional figures, SDAX listed DIC Asset AG today informs of some key aspects regarding the 2007 financial report. The 2007 financial year was characterised by strong qualitative growth for DIC Asset AG with exceptional increases in income and profitability. The publication of our results for the first three quarters of 2007 set this trend and the fourth quarter has confirmed it.

According to provisional figures, profit after tax and depreciation for the financial year 2007 will lie in the target band and will exceed EUR 36 million, which is clearly more than twice the profit made in 2006. This excellent result is the product of a number of sources: stable rental incomes from a substantially increased property portfolio, profits from property sales as well as profit from opportunistic co-investments.
Total revenues in the 2007 financial year will amount to some EUR 230 million and will consequently be more than double the figure for 2006. The earnings before depreciation and consequently the operating profit will amount to some EUR 55 million.

The DIC Asset AG Management Board and Supervisory Board will propose a dividend at the annual general meeting, which will take place on 14 May 2008. This dividend will be based on the operating profit and should amount to at least EUR 1.60 per share. Compared with the previous year (2006: EUR 0.75 per share) the objective will thus be to increase the dividend payment to more than double.

The annual report will be probably published on 18 March 2008.
DIC Asset AG/Investor Relations
Stephan Gramkow
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Tel. (0 69) 9 45 48 58-39
ir@dic-asset.de


21.01.2008  Financial News transmitted by DGAP

 
Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt
              Deutschland
Phone:        +49 69 9454858-0
Fax:          +49 69 9454858-99
E-mail:       info@dic-asset.de
Internet:     www.dic-asset.de
ISIN:         DE0005098404
WKN:          509840
Indices:      S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Stuttgart, Düsseldorf  
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