TAG Immobilien AG announces profit forecast for 2012 and announces a dividend payout for 2011
TAG Immobilien AG / Key word(s): Dividend/Forecast15.11.2011 17:45Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Based on the strong results achieved in the year to date, TAG Immobilien AG('TAG' in the following) has forecast EBT of approx. EUR 75 million for2012.. TAG is well on its way to comfortably fulfilling its guidance for2011, which forecast EBT of EUR 50 to 60 million.In addition to this positive result, business policy going forward willfocus on the distribution of a dividend. Even for 2011, the aim is to useprofits not only to pay down debt and finance further growth, but also topay out an estimated dividend of EUR 0.20 per share, pending the approvalof the year-end financial statements. In its medium-term planning, theGroup plans to pay out a significant proportion of its profits toshareholders.15.11.2011 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: TAG Immobilien AG Steckelhörn 5 20457 Hamburg GermanyPhone: 040 380 32 0Fax: 040 380 32 390E-mail: ir@tag-ag.comInternet: www.tag-ag.comISIN: DE0008303504WKN: 830350Indices: SDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
