Mobimo Holding AG: Swiss Supreme Court's ruling to have positive non-recurring effect in 2011

Mobimo Holding AG  / Key word(s): Miscellaneous

05.05.2011 06:50

Release of an ad hoc announcement pursuant to Art. 72 KR
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M e d i a  R e l e a s e

Swiss Supreme Court's ruling to have positive non-recurring effect in 2011


Lucerne/Küsnacht, 5 May 2011 - The Swiss Supreme Court's ruling of 4 April
2011 put an end to the year-long legal dispute between Mobimo Holding AG
('Mobimo') and the city of Zurich. The case involved the offsetting of
losses between municipalities and cantons and a claim for reimbursement of
costs incurred in connection with the assessment of property gains tax. As
a result of this Supreme Court ruling, which is positive for Mobimo, the
com-pany should be able to release tax provisions in the
higher-single-digit millions this year.


For enquiries please contact:
Mobimo Holding AG
Manuel Itten, CFO
+41 44 397 11 44
ir@mobimo.ch 


About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties pro-viding stable income and
development properties offering extensive value enhancement potential.
Investments are targeted mainly in the promising locations of Zurich and
Lausanne/Geneva and in the economic regions of Basel, Lucerne/Zug, Aarau
and St. Gall. With a property portfolio that has an overall value of over
CHF 2.0 billion, Mobimo is one of the leading real estate companies in
Swit-zerland. The portfolio contains development properties with an
investment volume of more than CHF 1 billion up to 2015 (as at 31 December
2010).


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