Ad-Hoc Announcement

TAG AG: Preliminary figures for fiscal 2006

TAG AG: Preliminary figures for fiscal 2006

TAG Tegernsee Immobilien u. Beteiligungs AG / Preliminary Results/Final Results

 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by

DGAP - a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.


 

Ad hoc bulletin pursuant to Section 15 of the German Securities Trading Act

 

Preliminary figures for fiscal 2006

 

- TAG Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft with

increased consolidated EBT of EUR 6.4 million.

 

- Subsidiary Bau-Verein zu Hamburg with record earnings

 

TAG Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft, Hamburg

(TAG) closed 2006 with a substantial increase in IFRS earnings. Earnings

before tax (EBT) came to EUR 6.4 million, reversing the previous year’s

loss of EUR 32.3 million and exceeding the guidance of EUR 6.0 million

which had been raised in August 2006. Consolidated post-tax earnings came

to EUR 2.8 million, an improvement over the previous year’s loss of EUR

35.5 million.

 

Bau-Verein zu Hamburg Aktien-Gesellschaft, Hamburg (Bau-Verein), which is a

member of the TAG Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft

Group, closed fiscal 2006 with record earnings. Earnings before tax (EBT)

surged more than fourfold from EUR 3.9 million in the previous year to EUR

16.4 million in 2006, with consolidated post-tax earnings rising from EUR

1.0 million to EUR 14.6 million.

 

The figures stated here for the financial year ending December 31, 2006 are

preliminary subject to approval and adoption by the Supervisory Board.

 

TAG Tegernsee Immobilien- und

 

Beteiligungs-Aktiengesellschaft

 

Hamburg, April 2, 2007

 

 

 

 

 

 

DGAP 02.04.2007


 

Language: English

Issuer: TAG Tegernsee Immobilien u. Beteiligungs AG

Steckelhörn 9

20457 Hamburg Deutschland

Phone: +49 (0)40 30 60 59-40

Fax: +49 (0)40 30 60 59-49

E-mail: info@tag-ag.com

www: www.tag-ag.com

ISIN: DE0008303504

WKN: 830350

Indices: SDAX

Listed: Amtlicher Markt in Frankfurt (Prime Standard), München;

Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart

 

End of News DGAP News-Service