EANS-Adhoc: S IMMO AG/ Consolidated net income of approximately EUR 27m expected for the first quarter 2016

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Earnings Forecast 18.05.2016

In particular due to a high result on property valuation of its Berlin residential portfolio S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250, AT0000795737, AT0000630694, AT0000A19SB5, AT0000A177D2, AT0000A1DBM5, AT0000A1DWK5) expects consolidated EBIT for the first quarter to amount to approximately EUR 55m (Q1 2015: EUR 18.6m) and consolidated net income for the period to approximately EUR 27m (Q1 2015: EUR 8.1m) thus significantly exceeding the corresponding previous year's figures.

The final results for the first quarter 2016 will be published on 24 May 2016.

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(END) Dow Jones Newswires

   May 18, 2016 07:11 ET (11:11 GMT)- - 07 11 AM EDT 05-18-16