conwert Immobilien Invest SE: conwert reaches all targets set for 2013

Vienna (pta033/19.03.2014/18:05 UTC+1) Preliminary results show that conwert Immobilien Invest SE, listed on the Austrian ATX, has achieved its performance targets for 2013.

1. According to preliminary figures, FFO I amounted to EUR36.2 mn less one-off items of EUR5.8 mn. Guidance for this figure - a key indicator for property companies - was EUR36.0 mn less one-off items of EUR3-5 mn.

2. Management guidance was EUR50-55 mn EBT. conwert generated EBT of EUR48.7 mn without one-off items of EUR5.8 mn. Taking the one-off items into account the result is in the expected range.

3. Net revaluation gains totalled EUR6.5 mn. Considering the reversal of the position gains on bargain purchases below market value by EUR6.5 mn in the fourth quarter, the result met the company's expectations.

4. Proceeds from the sale of properties totalled EUR273.9 mn, whereby the sales margin was above the expected range of 7-9% owing to a higher than expected sales margin of 11.1% for commercial property sales. conwert had forecast sales revenue of around EUR250 mn.

conwert publishes the final full-year results for 2013 on 26 March 2014.

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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. 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 here 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.com
ISIN(s):	AT0000697750 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)