05.11.2014 ISARIA Wohnbau AG  DE000A1E8H38

DGAP-Adhoc: ISARIA Wohnbau AG: ISARIA Wohnbau AG increases forecast for revenues and earnings for 2014


 
ISARIA Wohnbau AG / Key word(s): Change in Forecast/Development of Sales 05.11.2014 09:07 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ISARIA Wohnbau AG increases forecast for revenues and earnings for 2014 Munich, 05.11.2014 - ISARIA Wohnbau AG, Munich, has successfully sold the real estate of a completed project development through a participation. The Executive Board assumes that the contract will be transacted in the next months. For the Group's accounts in 2014 the company now expects revenues of up to 150 million Euro and results after taxes of a high single-digit-euro figure. So far the company forecasted revenues of around 100 million Euro and results after taxes in the mid single-digit-euro range. - End of communiqué for immediate release - About ISARIA Wohnbau AG ISARIA Wohnbau AG is a leading project developer for residential construction projects in Munich. The company was formed in 1995 and has been listed in Deutsche Börse's Prime Standard since 2010. The range of projects realised includes multi-storey apartments and terraced houses, through to the revitalisation of existing buildings, which means that ISARIA Wohnbau can offer residential properties to meet the needs of a wide variety of customer groups as both owner-occupied properties or for investment. Since the end of 2013, Hamburg-based One Group GmbH together with its subsidiaries has been part of the ISARIA Group. The business activities of One Group GmbH and its subsidiaries mostly comprise the issue of project development funds for residential construction projects. More information is available online: www.isaria.ag and www.onegroup.ag Contact ISARIA Wohnbau AG Leopoldstraße 8 | 80802 Munich Telephone: +49 (0)89 38 99 84-0 | Telefax: +49 (0)89 38 99 84-760 E-mail: [email protected] | Web: www.isaria.ag 05.11.2014 The DGAP 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: ISARIA Wohnbau AG Leopoldstraße 8 80802 München Germany Phone: +49 (0)89 38 99 84-0 Fax: +49 (0)89 38 99 84-760 E-mail: [email protected] Internet: www.isaria-wohnbau.de ISIN: DE000A1E8H38 WKN: A1E8H3 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------