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- Revenues up 39.2% to EUR 21.5 million
- EBIT more than triples to EUR 7.0 million
BBI Bürgerliches Brauhaus Immobilien AG (BBI AG), a company specializing in the portfolio management of retail properties, has significantly increased its revenues and earnings in fiscal year 2007. Compared to fiscal year 2006, revenues increased from EUR 15.5 million to EUR 21.5 million. In its core real estate business, the company recorded revenues totaling EUR 7.7 million (previous year EUR 1.4 million), whereas the beverages segment recorded revenues totaling EUR 13.8 million (previous year: EUR 14.0 million).
EBIT increased to EUR 7.0 million, more than triple the previous year's total (EUR 2.2 million). As a result, the BBI Group's EBIT margin is 32.7%. The year-on-year increase is mostly due to the expansion of the company's real estate portfolio. After deducting net interest income there were pre-tax profits of EUR 4.2 million, and BBI AG increased its pre-tax margin to 19.6% (previous year: 10.5%). As a result of the reform of corporate taxation, in fiscal year 2007 income tax expenses in the amount of EUR 401 thousand were lower compared to previous year s value of EUR 694 thousand. The resulting consolidated net income totaled EUR 3.8 million, up more than four-fold year on year (EUR 0.9 million).
This corresponds to earnings per share of EUR 0.73 (previous year: EUR 0.52). Calculations were based on 5,200,000 shares in circulation.
The complete annual report is expected to be published on www.bbi-immobilien-ag.de end of April 2008.
- Revenues up 39.2% to EUR 21.5 million
- EBIT more than triples to EUR 7.0 million
BBI Bürgerliches Brauhaus Immobilien AG (BBI AG), a company specializing in the portfolio management of retail properties, has significantly increased its revenues and earnings in fiscal year 2007. Compared to fiscal year 2006, revenues increased from EUR 15.5 million to EUR 21.5 million. In its core real estate business, the company recorded revenues totaling EUR 7.7 million (previous year EUR 1.4 million), whereas the beverages segment recorded revenues totaling EUR 13.8 million (previous year: EUR 14.0 million).
EBIT increased to EUR 7.0 million, more than triple the previous year's total (EUR 2.2 million). As a result, the BBI Group's EBIT margin is 32.7%. The year-on-year increase is mostly due to the expansion of the company's real estate portfolio. After deducting net interest income there were pre-tax profits of EUR 4.2 million, and BBI AG increased its pre-tax margin to 19.6% (previous year: 10.5%). As a result of the reform of corporate taxation, in fiscal year 2007 income tax expenses in the amount of EUR 401 thousand were lower compared to previous year s value of EUR 694 thousand. The resulting consolidated net income totaled EUR 3.8 million, up more than four-fold year on year (EUR 0.9 million).
This corresponds to earnings per share of EUR 0.73 (previous year: EUR 0.52). Calculations were based on 5,200,000 shares in circulation.
The complete annual report is expected to be published on www.bbi-immobilien-ag.de end of April 2008.
