conwert Immobilien Invest SE: conwert with best operational half-year results in the company's history

Vienna, 22 August 2013 (pta017/22.08.2013/14:07 UTC+2) -

+ Profit after tax at EUR 25.6 million according to preliminary figures - around 150% above the first half-year of 2012
+ Best operational half-year earnings in the company's history and already above 2010 and 2011 full year results
+ Very strong development of rental business (FFO I increased by more than 50%)

Since the preliminary result for the first half of 2013 significantly exceeds market expectations conwert Immobilien Invest SE, which is traded on the Austrian ATX, announces preliminary figures for the first six months of 2013. conwert generated a profit after tax of EUR 25.6 million in the first half of 2013 (1-6/2012: EUR 10.1 million) according to preliminary figures. The result is the best operational result in the company's history and already exceeds the 2010 and 2011 full year results. The following details are to be highlighted:

+ FFO I (Funds from Operations before sales result) increased by around 52% from EUR 12.1 million in the previous year to EUR 18.4 million. Management will revise the guidance for 2013 from EUR 25 million upwards at the announcement of the half-year results on 28 August.

+ Revenues from property sales totalled EUR 145.6 million (out of which appr. EUR 60 million are commercial property sales) at a margin of 10.3% above the IFRS book values.

+ There were no significant revaluations in the second quarter. Thus, the valuation result remains virtually unchanged at around EUR 5 million compared to the first quarter of 2013.

+ The financial result stood at EUR (34.1) million in the first half of 2013, after EUR (42.1) million in the comparative period of the previous year.

+ According to these financial effects, EBT for the half-year was EUR 36.1 million, after EUR 18.0 million in the previous year.

conwert will be publishing the final result for the first half-year on 28 August 2013. The detailed financial report will then be available on the website http://www.conwert.com.

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This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and, consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons.

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Emitter:	conwert Immobilien Invest SE Alserbachstraße 32 1090 Vienna Austria
Contact Person:	Clemens Billek
Phone:	+43 / 1 / 521 45-700
E-Mail:	cwi@conwert.at
Website:	www.conwert.at
ISIN(s):	AT0000697750 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)