Turnover and profits quadruple, total assets nearly double
Berlin, 12 March 2007. Preliminary figures for the 2006 fiscal year
indicate that WINDSOR AG (German security ID 619070) has achieved its
best ever operating results since the company's inception. The
company's revenues increased from 7 million to 28 million EUR and
profits rose to 8 million from 1.6 million EUR. Earnings before
interest and taxes (EBIT) actually increased from 1.6 million to 13
million EUR while total assets grew by 192% to 69 million EUR.
These proceeds are nearly evenly divided between building contracts
and project monitoring, sales of apartments and buildings, letting of
property and sales of participating interests. By issuing private
equity capital, the company was also able to expand their business
activities into an important new area. WINDSOR AG is now benefiting
from their competency on the Berlin property market - an expertise
they have developed over many years - as well as from increasing
demand from foreign investors for residential properties in Germany.
Indeed, WINDSOR AG is situated well for the current fiscal year. "By
increasing our equity with participation certificates and shares, we
have strengthened our position", explains Dr. Volker Voigtsberger,
managing director at WINDSOR AG. According to expert appraisals, the
development potential for property in Berlin still remains very high.
More detailed information on the company's financial results will be
published in full accordance with the German Securities Trading Act.
Corporate News
WINDSOR AG Achieves Above-Average Results in 2006
Berlin, 12 March 2007. WINDSOR AG has published their annual accounts
for the 2006 fiscal year. The company's revenues increased from 7
million to 28 million EUR and their profits rose to 8 million from
1.6 million EUR. Earnings before interest and taxes (EBIT) actually
expanded from 1.6 million to 13 million EUR while total assets grew
by 192% to 69 million EUR. These proceeds are nearly evenly divided
between building contracts and project monitoring, sales of
owner-occupied apartments and buildings, letting of property and
sales of participation interests. By issuing private equity capital,
the company was also able to expand their business activities into an
important new area.
These results are largely attributable to competencies developed over
many years on Berlin's property market as well as increased demand
from foreign investors for residential properties in Germany.
___________________________________________________________________
WINDSOR AG, Kochstrasse 28, 10969 Berlin, Tel: +49 (30) 886722-0,
Fax: +49 (30) 886722-99
Investor Relations: Ulrich A. Setzermann, setzermann@windsor-ag.com
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Windsor AG: Kochstr. 28 Berlin Germany
ISIN: DE000A0EQVT2;
Listed:
Freiverkehr in Frankfurter Wertpapierbörse, Freiverkehr in Börse
Stuttgart,
Freiverkehr in Börse Berlin Bremen;