Vonovia says no further acquisitions planned as guidance confirmed

Adler SA

05/05/2022 06:00

BERLIN, May 5 (Reuters) - Vonovia Se  VNAn.DE  on Thursday
said it was not planning any further acquisitions as the German
real estate giant reported a jump in earnings and confirmed its
guidance for 2022.
    During the first three months of the year, Deutsche Wohnen,
Vonovia's smaller rival which it acquired in 2021, contributed
172.3 million euros ($182.88 million) to the group's adjusted
EBITDA, which increased by 44.2% to 729.7 million euros in the
first quarter.
    Vonovia confirmed its guidance for revenue, EBITDA and group
FFO for the 2022 financial year. These indicators are projected
to be at least 20% higher than in 2021, the company said.

($1 = 0.9422 euros)

 (Reporting by Rachel More, editing by Kirsti Knolle)
 ((rachel.more@thomsonreuters.com;))