DGAP-News: GIEAG Immobilien AG

DGAP-News: GIEAG Immobilien AG: GIEAG's revenues and earnings soar in 2015

DGAP-News: GIEAG Immobilien AG / Key word(s): Final Results/Real Estate GIEAG Immobilien AG: GIEAG's revenues and earnings soar in 2015

20.06.2016 / 10:30 The issuer is solely responsible for the content of this announcement.

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GIEAG's revenues and earnings soar in 2015

- 2015 revenues lift to EUR 65.4 million after EUR 12.2 million in the previous year - Result from ordinary activities up to EUR 13.2 million from EUR 3.9 million - Earnings per share up to EUR 2.56 from 0.51

Munich, 20 June 2016. GIEAG Immobilien AG (GEIAG) increased its revenues and earnings substantially in 2015 thanks to its successful project development business. Revenues (HGB accounting) were up to EUR 65.4 million after EUR 12.2 million in the previous year. The result from ordinary activities increased to EUR 13.2 million from EUR 3.9 million in 2014. Net income increased more than five-fold to EUR 10.6 million after EUR 2.1 million one year previously. This corresponds to earnings per share of EUR 2.56 after EUR 0.51 in the previous year. Equity at the end of 2015 lifted around to EUR 12.3 million after EUR 3.6 million at the end of 2014.

These increases are due to substantial progress in project development, such as the sale to a well-known financial investor of the OASIS II office complex in Stuttgart, which offers total space of around 17,000 m².

Considering the company's results and its plans for growth, the Managing and Supervisory Board will propose distributing a dividend of EUR 0.24 per share to the company's General Meeting, which will be held on 21 July 2106 in Munich.

As a result of its very well filled pipeline, GIEAG is expecting its profitable business growth to continue in 2016. The company does not plan to sell a major project during the current fiscal year. It is continuing to focus on high-margin commercial and residential properties with development potential.

GIEAG's single-entity and consolidated financial statements are available online at: www.gieag.de.

About GIEAG Immobilien AG (GIEAG)

The project development company GIEAG Immobilien AG, which is abbreviated as GIEAG (www.gieag.de) and was founded in December 1999, supports its clients from the initial idea, to the financial and realisation of projects, and on to the sale of the finished property. Its main focus is on the development of residential properties, office buildings, and logistic centres. In addition, GIEAG also operates as an investor for residential real estate located primarily in southern Germany with particularly high potential for development.

Contact

GIEAG Immobilien AG Investor Relations, Philipp Pferschy Oettingenstraße 35 80538 München ir@gieag.de Tel: +49 89 290516-0

edicto GmbH Axel Mühlhaus . Peggy Kropmanns amuehlhaus@edicto.de Tel.: +49 69 905505-52

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20.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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