conwert Immobilien Invest SE: conwert advances strategy to increase value, Clemens Schneider to step down

Vienna (pta034/08.05.2015/21:55 UTC+2) conwert Immobilien Invest SE, traded on the Austrian ATX, announces that the Administrative Board has unanimously resolved to withdraw Clemens Schneider's mandate as CEO with immediate effect as a result of the differing opinions on how to implement the next strategic steps.

In the interim period until a new appointment is made, CFO Thomas Doll will also take over Clemens Schneider's responsibilities as Executive Director. The Administrative Board will conduct the process of appointing a new Executive Director swiftly, in order to optimally address the company's strategic priorities. These priorities include the sustainable optimisation of corporate financing and a focus on residential property in conwert's core markets. In particular this should lead to a steady improvement in FFO I (funds from operations before sales and one-off effects), a key operating indicator. The company has forecast an increase in FFO I from EUR34.8 mn to EUR40 mn for the 2015 financial year.

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This release contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forwardlooking 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 release for a variety of reasons.

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Emitter:	conwert Immobilien Invest SE Alserbachstraße 32 1090 Wien Austria
Contact Person:	Dr. Clemens Billek
Phone:	+43 1 52145-700
E-Mail:	cwi@conwert.at
Website:	www.conwert.at
ISIN(s):	AT0000697750 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)