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We are a financially sound, growth-oriented real estate company. Our business is buying, letting and
selling real estate. In addition, we develop attractive office real estate and owner-occupied apartments.
With total sales of just under 1.1 billion, we are one of Germany's biggest companies in this field.
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| KEY FIGURES FOR THE GROUP |
2003 |
2002* |
Change |
|
| |
million |
million |
% |
| |
|
|
|
| Net sales |
1,084.6 |
1,214.1 |
10.7 |
|
| EBITDA |
643.0 |
559.0 |
15.0 |
|
| Operating profit |
294.8 |
203.1 |
45.1 |
|
| Result from continuing operations |
330.7 |
134.8 |
> 100 |
|
| Result from discontinued operations |
691.7 |
58.3 |
> 100 |
|
| Result from the initial application of SFAS 142 |
0.0 |
28.8 |
|
|
| Group net income |
1,022.4 |
164.3 |
> 100 |
|
| |
|
|
|
| Return on equity after taxes in % |
102.6 |
11.7 |
|
|
Cash flow from operating activities
|
|
|
|
| of continuing operations |
458.6 |
367.0 |
25.0 |
|
| Investments |
124.4 |
377.9 |
67.1 |
|
| Stockholders equity |
996.8 |
1,402.1 |
28.9 |
|
| Total assets |
6,120.9 |
6,793.6 |
9.9 |
|
| Number of employees** |
1,887 |
2,453 |
23.1 |
|
| Number of housing units sold |
13,369 |
9,861 |
35.6 |
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| Number of housing units |
151,836 |
164,992 |
8.0 |
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RESIDENTIAL REAL ESTATE SEGMENT
In the residential real estate business segment, we let and sell approx. 152,000 apartments and houses throughout
Germany. Our regional focuses are currently the Ruhr area, the Rhine-Main region and metropolitan areas in
the rest of Germany. Last year, we were highly successful in further developing our trading strategy, as the sale
of more than 13,000 apartments shows.
| Branches in the Ruhr area |
| Bergkamen branch |
|
| Bochum branch |
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| Dortmund branch |
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| Essen branch |
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| Gelsenkirchen branch |
|
| Recklinghausen branch |
|
| Wohnungsgesellschaft Hόls mbH |
|
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| Viterra Rhein-Main GmbH |
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| Deutschbau Holding GmbH (50%) |
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BRANCHES IN THE
RUHR AREA |
2003 |
2002 |
|
| |
million |
million |
| |
|
|
| Sales |
467.7 |
522.8 |
|
| EBITDA |
392.0 |
348.4 |
|
| Operating profit |
289.8 |
247.2 |
|
| Investments |
51.3 |
87.9 |
|
| Number of employees* |
616 |
957 |
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| Number of housing units sold |
11,060 |
7,682 |
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| Number of housing units |
90,226 |
101,521 |
|
|
| VITERRA RHEIN-MAIN |
2003 |
2002 |
|
| |
million |
million |
| |
|
|
| Sales |
117.8 |
134.4 |
|
| EBITDA |
69.3 |
72.2 |
|
| Operating profit |
0.1 |
8.0 |
|
| Investments |
58.5 |
278.1 |
|
| Number of employees* |
255 |
321 |
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| Number of housing units sold |
1,000 |
974 |
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| Number of housing units |
20,507 |
22,561 |
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|
| DEUTSCHBAU |
2003 |
2002 |
|
| |
million |
million |
| |
|
|
| Sales |
262.8 |
267.4 |
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| EBITDA |
152.6 |
144.3 |
|
| Operating profit |
26.7 |
11.7 |
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| Investments |
8.4 |
5.7 |
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| Number of employees* |
347 |
716 |
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| Number of housing units sold |
1,309 |
1,205 |
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| Number of housing units |
41,103 |
40,910 |
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PROJECT DEVELOPMENT SEGMENT
In the project development business segment, we develop, revitalise and sell office
real estate and owner-occupied apartments. We concentrate
particularly on central locations in German metropolitan areas as well as in Prague
and Warsaw. In 2003, we successfully reinforced this business segment by combining
our many years of experience and expertise in the development of office real estate
and owner-occupied apartments.
|
| VITERRA DEVELOPMENT |
2003 |
2002 |
|
| |
million |
million |
| |
|
|
| Sales |
149.1 |
80.2 |
|
| EBITDA |
64.9 |
26.4 |
|
| Operating profit |
3.5 |
11.9 |
|
| Investments |
4.3 |
4.4 |
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| Number of employees* |
140 |
92 |
|
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