VERIANOS Real Estate Aktiengesellschaft: FISCAL YEAR 2016: RESULT EXPECTED AT UPPER END OF TARGET RANGE / TARGET RANGE FOR 2017 RAISED UP TO EUR 1.6M – EUR 2.0M
VERIANOS Real Estate Aktiengesellschaft / Key word(s): Forecast 28.11.2016 15:27 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- FISCAL YEAR 2016: RESULT EXPECTED AT UPPER END OF TARGET RANGE / TARGET RANGE FOR 2017 RAISED UP TO EUR 1.6M - EUR 2.0M Frankfurt am Main, Nov 28, 2016. For the fiscal year 2016 the company expects a result at the upper end of the preannounced target range of EUR 1.2m to EUR 1.5m. In our Real Estate Private Equity / Co-Investment division a total of ca EUR 100m of sell- and buy-side transactions has been accomplished in 2016. All investments so far perform according or above the corresponding business plan projections. The investments already executed performed well ahead of projections, some with an IRR above 50%. Provided that the respective economic conditions remain stable the company assumes an annual profit of EUR 1.6m to EUR 2.0m for the year 2017. --------------------------------------------------------- Further information on VERIANOS Real Estate Aktiengesellschaft are available on www.verianos.com. This publication constitutes neither an offer to sell nor an invitation to make an offer to buy securities. IR contact: VERIANOS Real Estate Aktiengesellschaft Investor Relations Christian Bähringer, esq. Bethmannstraße 56 60311 Frankfurt am Main Germany T +49 69 69 768 88 0 F +49 69 69 768 88 9 Mail: ir@verianos.com Company contact: VERIANOS Real Estate Aktiengesellschaft Gürzenichstraße 21 50667 Köln Germany T +49 221 200 46 100 F +49 221 200 46 140 Mail: enquiries@verianos.com 28.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: VERIANOS Real Estate Aktiengesellschaft Gürzenichstraße 21 50667 Köln Germany Phone: 0049 221 20046 100 Fax: 0049 221 20046 140 E-mail: ir@verianos.com Internet: www.verianos.com ISIN: DE000A0Z2Y48 WKN: A0Z2Y4 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------