DGAP-News: YOUNIQ AG / Key word(s): Half Year Results/Miscellaneous YOUNIQ AG publishes interim financial report for H1 2013 30.08.2013 / 10:03 --------------------------------------------------------------------- - 22 properties in the 'Renting and Trading Real Estate' segment sold in the first half of 2013 - Construction cost review in the 'Student Housing' segment hits earnings - EBIT comes in at EUR -13.1 million in the continued segments in the first six months of 2013 (H1/2012: EUR 1.6 million) Frankfurt/Main, 30 August 2013 - The YOUNIQ Group, a leading nationwide provider of student housing, faced challenging business development with substantial impacts on the earnings situation during the first half of 2013. In the first six months of the current financial year, the Group generated earnings before interest and taxes (EBIT) of EUR -13.1 million in the continued segments (H1/2012: EUR 1.6 million). The consolidated net loss for the period in this area came in at EUR -14.2 million (H1/2012: EUR 0.3 million). In particular, construction cost reviews by external experts in the core segment 'YOUNIQ - Student Housing' impacted earnings from changes in the valuation of investment property. In the period under review, this figure came in at EUR -6.5 million (H1/2012: EUR 3.7 million). In the discontinued segments, the YOUNIQ Group was able to achieve operating progress in the period under review as well as at the start of the third quarter 2013. As part of this, 22 properties (378 units) were sold in the 'Renting and Trading Real Estate' up to start of August. The portfolio now comprises twelve remaining properties (159 units), which corresponds to a book value of circa EUR 9.5 million. As of 31 December 2012, this figure stood at 68 properties (1,018 units). However, the discontinued segments contributed EUR 7.2 million to the negative result for the first half of the year. These impacts stemmed from devaluations, additional sales costs as well as prepayment fees. The financial situation of the YOUNIQ Group in the period under review was dominated by sales in the 'Renting and Trading Real Estate' segment as well as investments in the core segment 'YOUNIQ - Student Housing'. Sales totalling EUR 10.2 million were offset by investments in development properties worth EUR 26.0 million. Total assets fell slightly to EUR 156.8 million (31 December 2012: EUR 157.6 million). The investments in the 'Student Housing' segment were partially financed by the use of loans, which on balance led to a rise in net financial liabilities to EUR 72.8 million (31 December 2012: EUR 57.5 million). This, as well as the negative half-year earnings, led to a fall in the equity ratio to 38.2% (31 December 2012: 51.5%). Marcus Schmitz, CFO of YOUNIQ AG, comments on business development: 'We have created transparency by examining the construction cost basis in the 'Student Housing' segment. This also helped us to gain experience which we can draw on for future projects. The continued sales in our discontinued segment 'Renting and Trading Real Estate' also leave us optimistic that we will succeed in selling the rest of the previous real estate portfolio by the end of the year in order to help us focus on our core business. As part of this, we sold a property in Göttingen belonging to the 'Student Housing' segment. We are also examining a similar step for the property in Berlin's Iranische Straße. From the current point of view, neither property fulfils the YOUNIQ standard any longer and we have therefore decided to sell the properties and reinvest the proceeds in operating business. Nevertheless, we are anticipating a substantially negative earnings figure for 2013.' The interim report as of 30 June 2013 will be made available for download on the website www.youniq-group.de in the Investor Relations section during the course of the day. Company profile YOUNIQ AG YOUNIQ AG has focused on student accommodation since 2009. The company covers a significant range of the value chain - ranging from the purchase of real estate and land, through project development including planning, planning permission procurement and construction, all the way through to commercial and technical management. YOUNIQ has developed into a leading provider for this segment with 3,270 high-quality apartments currently in the management or construction phases. These properties are located at twelve sites in Germany, including Munich, Erlangen, Karlsruhe, Frankfurt / Main, Mainz, Potsdam, Leipzig and Bayreuth. YOUNIQ bundles its many years of experience in project development and portfolio management for largely residential properties. YOUNIQ AG (ISIN: DE000A0B7EZ7, German Securities Identification Code/WKN: A0B7EZ) is listed on the Frankfurt Stock Exchange (Prime Standard). Further information is available from: www.youniq-group.de Contact: Investor Relations cometis AG Dirk Ulmer Phone: +49 (0)611 - 205855-24 Fax: +49 (0)611 - 205855-66 Email: [email protected] End of Corporate News --------------------------------------------------------------------- 30.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: YOUNIQ AG Eschersheimer Landstraße 6 60322 Frankfurt am Main Germany Phone: +49 (0)69-2474720 Fax: +49 (0)69-247472100 E-mail: [email protected] Internet: www.youniq-group.de ISIN: DE000A0B7EZ7 WKN: A0B7EZ Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 228231 30.08.2013