01 10 2007

ESTAVIS AG announces sales and earnings guidance for financial year 2007/2008

Berlin, October 1, 2007 - ESTAVIS AG today announced its sales and earnings guidance for the financial year 2007/2008. The company expects sales to exceed EUR 300 million, an increase of more than 50 percent compared to the prior financial year, with all companies of the ESTAVIS Group contributing to this development. Sales of the newly acquired B&V GmbH are included on a pro rata basis.

ESTAVIS AG also expects a significant increase of its earnings figures. The company aims to achieve an EBIT margin between 12 and 14 percent (adjusted for extraordinary effects).

With a pay-out in the amount of around 50 percent of the consolidated net profit for the financial year 2007/2008, ESTAVIS AG plans to offer an attractive dividend yield to its shareholders.

ESTAVIS AG enjoyed a positive course of business in the first quarter of the current financial year.
The company hereby announces that it has sold a large real estate portfolio with a transaction volume of around EUR 40 million to an institutional investor. ESTAVIS AG expects significant portions of this transaction to be recognised in its sales and earnings figures for the current first quarter of the 2007/2008 financial year.

The portfolio has been assembled and structured on-demand based on pre-defined criteria. It includes 712 residential and commercial units focusing on the regions Saxony and North-Rhine Westphalia. The properties were predominantly acquired with the funds of the company?s IPO in April 2007.