IMMOEAST Annual Report 2006/07

6.1.2. Development of business in CEE
Key data on the CEE Segment
2006/07 2005/06 Change in %
Revenues in TEUR 142,201.0 65,891.1 115.8%
EBIT in TEUR 298,432.5 87,674.8 240.4%
Cash EBIT in TEUR 72,299.0 24,184.0 199.0%
Segment assets in TEUR 2,960,800.9 1,642,033.4 80.3%
Segment liabilities in TEUR 1,810,058.0 1,102,442.9 64.2%
Letable space as a % of the total portfolio 52.2% 84.1% -38.0%
Fair value in EUR million 4,311.7 1,662.6 159.3%
Fair value as a % of the total portfolio 47.8% 86.1% -44.5%
The CEE segment generated an increase of nearly 116% in revenues to TEUR 142,201.0 in 2006/07,
which represents 74% of the total revenues recorded by IMMOEAST. Investments in this segment
focus primarily on office properties as well as logistics and commercial objects. EBIT rose by more
than 240% to TEUR 298,432.5 during the reporting year, supported by a further increase in revaluation
results. This development was based primarily on Poland and the Czech Republic. The CEE
segment is responsible for 55% of EBIT in the IMMOEAST Group. An increase of nearly 200% in cash
EBIT led to an improvement in the cash EBIT margin from 33.1% to 50.8% during 2006/07.
Recreation/hotel properties 1.4%
Residential properties 5.9%
Parking 10.7%
Logistics properties 12.8%
Retail properties 26.9%
42.3% Office properties
Segment Reports
Report by the Executive Board 87
Highlights 2006/07
Business Model and Strategy
Portfolio Structure
Corporate Governance and Outlook
Property Portfolio
Development of Business
Consolidated Financial Statements
Service and Glossary
74% of revenues from CEE
Distribution of letable space
by sector in CEE
As of 30.4.2007