pta20100527036
Public disclosure of inside information according to article 17 MAR

CA Immo International AG: Interim report for 31 March 2010

Vienna (pta036/27.05.2010/18:00 UTC+2) Interim report for 31 March 2010
Significant improvement to operating result for CA Immo International AG
* Rental income rises by 12 %
* EBITDA up 19 %
* Clear reduction in negative revaluation result

Vienna, 27.05.2010. During the first quarter of 2010, rental income increased by 12 % to stand at
Eur 11.0 m on account of completions in the past year. A further 10.8 % reduction in indirect expenditures to Eur 2.1 m also had a positive effect on the operating result.
The revaluation result for the first quarter of 2010 was Eur -8.1 m, well below the value for the first three months of last year (Eur -59.3 m). The revaluation losses were the result of value changes on specific properties, while the overall valuation level has stabilised to a large extent.
Thanks to the improvement in the revaluation loss, the EBIT recovered substantially, climbing from
Eur -52.8 m in the first quarter of 2009 to Eur -0.3 m. The financial result was Eur -1.4 m for the first quarter of 2010, compared to Eur -6.7 m in the first three months of 2009. One key reason for the upturn is the broadly neutral contribution from foreign currency differences, which produced a loss of Eur -2.3 m last year; also in contrast to the previous year, income from associated companies was positive at Eur 2.5 m.
The consolidated loss (after minorities) stood at Eur -3.5 m, compared to Eur -46.5 m in 2009. Strong operational business development was also reflected in the operating cash flow, which rose by around 13.8 % to stand at Eur 7.0 m.

As of the reporting date, the equity ratio of CA Immo International was 47 %. Net debt was Eur 265.0 m on 31 March 2010 (up 2.7 %), with property assets of approximately Eur 674.1 m. Cash and cash equivalents amounted to Eur 113.5 m on 31 March 2010 (against Eur 115.9 m on 31.12.2009). Net assets (NAV) per share stood at Eur 9.21 on 31 March 2010 (compared to Eur 9.33 on 31.12.2009).

As stated in the ad hoc announcement at the end of the acceptance period in mid-May, CA Immo Anlagen AG has succeeded in raising its shareholding from 63.05 % to 90.94 % under the terms of the voluntary takeover bid for free float shares in CA Immo International AG. Since the relevant threshold of 90 % was thereby exceeded, the acceptance term was extended by three months until August 16, 2010 in accordance with the provisions of the Takeover Act.

The financial report for CA Immo International AG for the period to 31 March 2010 is published on the company's web site (www.caimmointernational.com).

Selected financial performance indicators

Eur m20102009Change
Rental income11.09.812.3 %
Net operating income9.38.68.2 %
Indirect expenditures-2.1-2.3-10.8 %
EBITDA7.86.618.5 %
Revaluation result-8.1-59.3-86.4 %
Operating result (EBIT)-0.3-52.8n.a.
Financing costs-4.7-5.0-4.6 %
Other financial income/expense3.3-1.7n.a.
Net earnings before tax (EBT)-1.7-59.5n.a.
Result for the period-4.1-49.9n.a.
Consolidated net income (parent company)-3.5-46.5n.a.
Earnings per share (in Eur)Eur -0.08Eur -1.07n.a.
Operating cash flow7.06.114.5 %
31.3.201031.12.2009Change
Property assets674.1674.00.0 %
Total assets886.1882.80.4 %
Long-term financial liabilities314.3310.71.2 %
Short-term financial liabilities64.263.31.5 %
Cash and cash equivalents113.5115.9-2.0 %
Shareholders' equity418.2424.6-1.5 %
Equity ratio47 %48 %-0.9pp
NAV per share (in Eur)9.219.33-1.3 %
NNNAV per share (in Eur)9.479.59-1.2 %

(end)

Emitter: CA Immo International AG
Mechelgasse 1
1030 Wien
Austria
Contact Person: Mag. Florian Nowotny
Phone: (+431) 532 59 07 - 518
E-Mail: nowotny@caimmointernational.com
Website: www.caimmointernational.com
ISIN(s): ATCAIMMOINT5 (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)
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