euro adhoc: ECO Business-Immobilien AG / Financial Figures/Balance Sheet / ECO Business-Immobilien AG with record earnings for the 2006 business year (E)

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02.03.2007

ECO Business-Immobilien AG with record earnings for the 2006 business year

Vienna, 2 March 2007. ECO Business-Immobilien AG (Vienna Stock Exchange: ECO,
Reuters: EBIV.VI, Bloomberg: ECO AV) successfully continued its expansions in
the 2006 business year. All sales and earnings figures well exceeded the
comparable figures for 2005, thus resulting in record highs. Earnings from rent
rose by 188% to EUR 38.80 m, and operating profit (EBIT) reached a new record of
EUR 38.28 m. Property assets were expanded by 109% to EUR 693.33 m within the
space of a year.

During the 2006 business year, ECO raised its earnings from rent from EUR 13.49
m in 2005 by 188% to EUR 38.80 m, whereby approx. 77% of this income came from
domestic property and 23% from abroad. This increase resulted from the expansion
of the property portfolio by acquisitions as well as new rentals of empty
spaces.

The operating profit (EBIT) was increased by 175% to EUR 38.28 m. This rather
high profit was due largely to the continuous optimisation of the portfolio and
the resulting high rental profit, profit from sales of properties as well as
positive results from the increase in value of the portfolio deriving from a
reassessment by independent real estate experts (fair-value adjustments
according to IAS 40).

Profits of EUR 6.07 m were realized from new assessment by experts in 2006,
corresponding to about 1 % of the property portfolios. Profits from sales of
properties rose from EUR 3.50 m the previous year to EUR 9.82 m in 2006.
Approximately 40% of sales profits came from the trading portfolio formed in
cooperation with conwert Immobilien Invest AG within the framework of the
Allianz package, and approximately 60% from portfolio optimisation within the
long-term property holdings of the ECO.

Due to the significant expansion of the property portfolio, financial
expenditure increased considerably to EUR 15.3 m Earnings before tax (EBT) thus
rose from EUR 10.41 m to EUR 24.74 m Profit tax expenditure for 2006 thus
amounted EUR 6.55 m, most of which fell under deferred taxes and only a very
small part of which remained liquid. Company profits (according to minority
shares) rose to a record high of EUR 17.9 mil, an increase of 159% compared to
the previous year.

Over the course of the 2006 business year, ECO expanded the property portfolio
by high-quality, profitable properties. The number of properties rose from 56 as
of 31.12.2005 to 126 (including the trading portfolio) as of 31.12.2006. In
Austria, ECO owned 110 properties (71 of those on the trading portfolio, of
which ECO holds a 50% share), 15 properties in Germany and 1 property in the
Czech Republic. During this period, total usable space expanded from approx.
266,000 sqm at the end of the year 2005 to 463,000 sqm currently. Property
assets rose to EUR 693.33 m. Compared to the end of 2005 (EUR 331.3 m) this is
an increase of 109%.

Approx. 74% of property assets were located in Austria, where the property
portfolio in the past business year rose from EUR 208.80 m to EUR 510.88 m In
Germany during this period the property portfolio was expanded from EUR 78.86 m
to EUR 178.88 m, not only through sales but also through portfolio optimisation
in which smaller properties were exchanged for larger, more profitable ones. As
of 31.12.2006, the German share of property assets was 26%. Approximately EUR 4
m was invested in a property in the Czech Republic.

In the core markets of Austria and Germany and the growing CEE market, ECO plans
to exploit the prevailing favourable conditions for a further expansion of the
property portfolio. Acquisitions will continue to be centred in Austria and
Germany. At the same time, ECO will aim to attain a significant market position
in Central and Eastern European business real estate markets via its subsidiary
ECO Eastern Europe Real Estate AG. In Eastern Europe, ECO will also focus on
high-yield properties and only invest in real estate with a balanced risk-return
ratio.

Following its growth strategy, ECO should - assuming current conditions - be
able to expand its property portfolio to EUR 1.2 - 1.5 b in 2007, following
approx. EUR 700 m around the end of 2006. At the time of this report, the
company is looking to acquire properties worth over EUR 750 m

The expansion of the company will be reflected in the sales and earnings
figures. The high-quality expansion of the real estate portfolio should also
result in an increase in rental income. As far as earnings are concerned, the
company expects a significant increase compared to the previous year.

In order to finance this growth, ECO will balance the use of equity capital and
outside capital. Capital measures, such as capital increases, are thus still as
crucial component of the ECO growth strategy. As long as capital earned can be
directly invested in profitable real estate - which the company assumes - and as
long as conditions on the capital market allow, ECO will continue to exploit
capital in 2007.

Company figures in TEUR

01-12/2006       01-12/2005
Earnings from rentals                              38,803           13,488
        rental profits                             32,129           11,514
Fair value adjustments                              6,068            3,044
Sales from property disposals                       9,819            3,500
Earnings before interest and tax (EBIT)            38,280           13,903
Financial results                                 -13,541           -3,492
Earnings before tax (EBT)                          24,739           10,412
Company profits                                    18,191            7,546
Company profits (according to minority shares)     17,900            6,914
Earnings per share (EUR)                             0.99             0.93
Average number of shares (units)               17,997,115        7,457,692

Figures in TEUR may vary due to rounding differences.

Property figures

31.12.2006       31.12.2005
Number of properties                                  126               56
   in Hold-Portfolio                                   55               56
   in Trading-Portfolio                                71                0
Total usable space in sqm *                       463,431          266,462
   in Trading-Portfolio                            57,434                0
Garage spaces                                       2,339            1,549
   in Trading-Portfolio                               289                0
Property assets in TEUR                           693,331          331,348
   in Trading-Portfolio                            94,445                0

* Garage spaces shown with a conversion factor of 20sqm / garage space

Further inquiry note:
ECO Business-Immobilien AG,
KR Friedrich Scheck,
Chairman Management Board,
Tel.: +43(1)535 21 99,
Fax: +43(1)535 21 99-99,
mailto:scheck@eco-immo.at,
http://www.eco-immo.at

Hochegger|Financials ,
Roland Mayrl,
Tel +43 1 504 69 87-31,
E r.mayrl@hochegger.com

end of announcement euro adhoc 02.03.2007 08:02:25
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emitter: ECO Business-Immobilien AG
Albertgasse 35
A-1080 Wien
phone: 535 21 99
FAX: 535 21 99-99
mail: scheck@eco-immo.at
WWW: www.eco-immo.at
ISIN: AT0000617907
indexes: Standard Market Auction
stockmarkets: Regulated free trade: Wiener Börse AG
sector: Real Estate
language: English

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