Adler Group says operating profit declined in H1

Adler SA

29/08/2023 06:06

Aug 29 (Reuters) - Adler Group  ADJ.DE  on Tuesday
posted a drop in operating profit for the first half of 2023,
citing the shrinking of its real estate portfolio and rising
financing costs. 
    Funds from operations (FFO 1), a measure of recurring free
cash flow and a key indicator for operational strength, fell to 
8 million euros ($8.66 million) in the January to June period
from 50 million euros in the same period last year, according to
the major German landlord.


($1 = 0.9239 euros)

 (Reporting by Andrey Sychev, Editing by Friederike Heine)
 ((Andrey.Sychev2@thomsonreuters.com; Twitter: https://twitter.com/sich_11;))