FCR Immobilien AG Books Record Profits in 2015

09-Apr-2016 7:00 PM

  • EBITDA more than doubles to €3.8 million EUR in 2015
  • EBIT up 182% to €3.1 million (previous year: €1.7 million)
  • FCR yields 32% return on equity


MUNICH--()--Today FCR Immobilien AG announced its figures for the 2015 financial year, reporting that over the last year it earned by far the highest profits in its history. According to provisional, unaudited figures, the FCR Group managed to increase its earnings before tax (EBT) by 260% last year, achieving a figure of approx. € 1.8 million under consolidated group accounting as per the German Commercial Code (previous year: €0.7 million).

 

With an overall performance (net sales plus proceeds from the sale of portfolio properties) of approx. €6.9 million (previous year: approx. €3.3 million), the FCR Group took in approx. €4.4 million in gross profits (previous year: approx. €1.8 million). Earnings before interest, taxes, depreciation & amortization (EBITDA) came to approx. €3.8 million – more than double the previous year's figure of €1.5 million.

The figure of approx. €3.1 million for earnings before interest & tax (EBIT) marked a 182% increase over the previous year (€1.7 million). This allowed the FCR Group to provide a 32% return on €5.6 million in group equity (previous year: €3.4 million).

"2015 has been an extraordinarily successful financial year. Over the 2016 financial year, we will capitalize on this success and greatly expand the property portfolio as earnings continue to rise. Another milestone has been reached, so we are setting our sights on an IPO for 2017," notes Falk Raudies, member of the Board of Directors at FCR Immobilien AG.

FCR Immobilien AG bonds are listed on the open market on the Frankfurt exchange under WKN A1YC5F. This security features a fixed annual interest payout of 8% per annum plus a fixed annual interest bonus of 3% on the nominal value upon maturity (04-30-2019).

The company's final, audited annual financial statements and the group's annual report for 2015 are slated for publication in late April.

For further information on FCR Immobilien AG, please visit:

http://www.fcr-immobilien.de/en.html

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

Contacts

FCR Immobilien AG
Andrea Taudien
Press Relations
phone: +49 (0) 89 / 2000 511 - 99
fax: +49 (0) 89 / 2000 511 - 98
email: a.taudien@fcr-ag.de
www.fcr-immobilien.de

 

Topic: Property

Media contact

Lauren Taylor
Account Executive Australia and New Zealand

lauren.taylor@businesswire.com

Tel: 02 9004 7015

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