Warimpex Finanz- und Beteiligungs AG was able to achieve a significant increase in revenues, EBITDA and EBIT in H1 2008. With this performance, the company continued to pursue its growth objectives, despite the plunging real estate stock prices.
"Again, we were able to build on our successful operations in the first half of the year. By selling one project and disposing of a stake in another one, we achieved a significant increase in revenues. This has had a very positive effect on the results for the first half of the year. We are particularly pleased that we have pushed forward with the development of our designer hotels andel's and angelo, and were able to open a third angelo hotel in 2008. Whilst construction costs and yields