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BRIEF-DEMIRE Deutsche Mittelstand Real Estate H1 net profit stable at 5.6 mln euros
August 31, 2017 / 5:04 AM / 24 days ago

BRIEF-DEMIRE Deutsche Mittelstand Real Estate H1 net profit stable at 5.6 mln euros

Aug 31 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG:

* DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG: POSITIVE OUTLOOK HALFWAY THROUGH 2017 - FIRST DEMIRE 2.0 MILESTONE REACHED

* ‍RENTAL INCOME AT EUR 37.2 MILLION IN H1 2017 (H1 2016: EUR 37.5 MILLION)​

* CONFIRMS FFO I FORECAST OF EUR 8-10 MILLION FOR FULL YEAR 2017

* H1 ‍PROFIT AND LOSS FROM RENTAL OF REAL ESTATE EUR 27.3 MILLION , 8.1 % LOWER THAN YEAR AGO​

* H1 ‍EBIT AMOUNTED TO EUR 24.1 MILLION IN FIRST HALF OF 2017 (H1 2016: EUR 32.8 MILLION)​

* ‍NET PROFIT FOR H1 OF 2017 WAS EUR 5.6 MILLION AFTER EUR 5.6 MILLION IN FIRST HALF OF 2016​

* ‍REAFFIRMING ITS FORECAST FOR FFO I (AFTER TAXES AND BEFORE MINORITY INTERESTS) FOR 2017 AS A WHOLE IN ORDER OF EUR 8-10 MILLION​

* ‍ANNUAL INTEREST EXPENSE SAVINGS OF APPROXIMATELY EUR 5.6 MILLION WILL NOT HAVE THEIR FULL IMPACT UNTIL 2018 FINANCIAL YEAR​

* ‍FORECASTING RENTAL INCOME OF BETWEEN EUR 72 MILLION AND EUR 73 MILLION IN 2017 FINANCIAL YEAR​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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