Brief: Adler Q1 Ebitda From Rental Activities Down To EUR 33 Mln From EUR 49 Mln in Q1 2022

Adler SA

25/05/2023 06:07

May 25 (Reuters) - ADLER GROUP SA  ADJ.DE :
    * REPORTS STRONG OPERATIONAL PERFORMANCE AND SECURED
FINANCIAL
SUPPORT VIA THE RESTRUCTURING PLAN IN Q1 2023
    * NET RENTAL INCOME IN Q1 2023 AT EUR 53M, FFO 1 AT EUR 16M
    * FY 2023 GUIDANCE CONFIRMED WITH NET RENTAL INCOME EXPECTED
IN
RANGE OF EUR 207-219M
    * APPROVAL OF RESTRUCTURING PLAN SAFEGUARDS GROUP'S
LIQUIDITY
POSITION AND ENSURES ITS FURTHER FINANCIAL STABILITY
    * Q1 EBITDA FROM RENTAL ACTIVITIES WAS DOWN TO EUR 33M FROM
EUR
49M IN Q1 2022
    * COMPANY REFRAINED FROM PROVIDING A FFO 1 GUIDANCE FOR YEAR
2023

Source text for Eikon:  ID:nEQ5w9xwsa 
Further company coverage:  ADJ.DE 

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