DGAP-News: YOUNIQ AG / Key word(s): Final Results YOUNIQ AG publishes 2014 annual report 27.03.2015 / 08:00 --------------------------------------------------------------------- YOUNIQ AG publishes 2014 annual report Frankfurt am Main, 27 March 2015 - YOUNIQ AG, a leading provider of student housing, is publishing its 2014 annual report with the final figures for the past financial year today. In total, the YOUNIQ Group generated a consolidated net loss of EUR 6.2 million in 2014 (2013: EUR 54.1 million). EUR 3.0 million of the consolidated net loss was attributable to a loss by discontinued operations (2013: EUR 13.3 million) and EUR 3.2 million to a loss in continuing operations (2013: EUR 40.8 million). Operating earnings before interest and taxes (EBIT) in continuing operations amounted to EUR -1.3 million in 2014, as against a loss of EUR 29.6 million in the previous year. The forecast for the 2014 financial year, which included a consolidated net loss of EUR 5 million, was not achieved, primarily due to unforeseeable expenses in connection with the change in the majority shareholder in October 2014. In particularly, the resulting loss of tax loss carryforwards and unavoidable consulting costs had a negative impact on earnings of over EUR 1.0 million. In operating business, YOUNIQ made significant progress in the 2014 financial year with the completion and almost full letting of the properties in Mainz, Potsdam and Bayreuth. The company also pressed ahead with the sustainable reduction of administrative and personnel expenses, including by means of the merger of subsidiaries and the initiated change in the stock exchange segment from the Prime Standard of Deutsche Börse to the Entry Standard. The disposal of the remaining properties in the "Renting and Trading Real Estate" segment has been completed apart from one final property, meaning that this segment is expected to be discontinued entirely in the current year. Alexander Kersting, Management Board member of YOUNIQ AG, comments: "In the student housing sector, our Group is now positioned to generate operating profits in the future. After dealing with the negative effects from the past in operational and accounting terms, YOUNIQ is once again focussing on possibly increasing its involvement on the student housing market. We are currently evaluating various properties for expansion purposes, both as a portfolio holder and as a service provider." For the 2015 financial year, the Management Board anticipates a consolidated net profit before interest and taxes (EBIT) of between EUR 1.0 million and EUR 1.5 million. According to current planning, there will be a low consolidated net loss after interest and taxes. The YOUNIQ Group's total assets declined to EUR 93.7 million as at 31 December 2014 (31 December 2013: EUR 125.5 million). The significant decrease in comparison to the end of 2013 is particularly attributable to property sales, which were offset by only a low level of investments in 2014 due to the completion of development property. Net financial liabilities amounted to EUR 59.6 million as at 31 December 2014 (31 December 2013: EUR 79.5 million) and the net debt/equity ratio was 69.9% (2013: 69.7%). As at 31 December 2014, the YOUNIQ Group had equity of EUR 21.1 million (31 December 2013: EUR 27.2 million), corresponding to an equity ratio of 22.6% (31 December 2013: 21.7%). The 2014 annual report will be made available for download in the Investor Relations section of the website www.youniq-group.de over the course of the day (German language only - English translation will follow in the upcoming week). Company profile YOUNIQ AG has focused on student housing since 2009 and covers the majority of the value chain in this sector. The YOUNIQ Group is recognised on the market as having a high degree of expertise in the field of commercial and technical management of student housing properties. With approximately 2,500 high-quality apartments under management at present, YOUNIQ has developed into a leading provider for this segment. The properties are situated in nine locations in Germany, including Munich, Karlsruhe, Frankfurt am Main, Mainz, Potsdam, Leipzig and Bayreuth. YOUNIQ combines many years of experience in the fields of project development and portfolio maintenance of predominantly residential properties. YOUNIQ AG (ISIN: DE000A0B7EZ7, securities identification number (WKN): A0B7EZ) is listed on the Frankfurt Stock Exchange (Prime Standard). Further information: www.youniq-group.de Contact: Investor Relations cometis AG Rolf Becker Tel.: +49 (0)611 - 205855-40 Fax: +49 (0)611 - 205855-66 E-mail: [email protected] --------------------------------------------------------------------- 27.03.2015 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. 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 338295 27.03.2015