The Hypo Real Estate Group has continued its course of success in 2005, and has met or exceeded its economic targets. The international real estate financier which has been listed in the DAX since December of last year has considerably exceeded its own expectations in terms of new business, has reported significantly higher earnings, as was the case last year, and consequently plans to almost triple the dividend for 2005. For the current financial year 2006, the Management Board, as announced in January, expects to see a further significant increase in earnings.
- Return on equity after taxes (adjusted by restructuring
expenses): 8.0%
- Consolidated net income before taxes of €408 million is
within the budgeted range, despite one-off charge
- Adjusted net income up from €168 million to €313
million
- New business of €22.3 billion up by more than 75%
compared with last year
- Successful new start to Germany business
- Significant dividend increase to €1 per share
- New Group structure has been successfully implemented
- Further considerable increase in earnings expected in 2006
Source: Hypo Real Estate
