Brief: Immofinanz Q1 Net Profit At EUR 72.4 Mln

CPI Europe AG

24/05/2022 16:48

May 24 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * RENTAL INCOME ROSE BY 4.3% IN Q1, OCCUPANCY RATE REMAINED
HIGH
AT 94.4%, AND FFO 1 BEFORE TAX WAS STABLE AT A VERY GOOD LEVEL
OF EUR 34.4 MILLION
    * Q1 NET PROFIT TOTALLED EUR 72.4 MILLION
    * IFRS RENTAL INCOME TOTALLED EUR 70.2 MILLION IN Q1 AND WAS
SLIGHTLY LOWER THAN PREVIOUS YEAR
    * RESULTS OF OPERATIONS TOTALLED EUR 38.1 MILLION IN Q1 OF
2022
(Q1 2021: EUR 46.4 MILLION)
    * Q1 FINANCIAL RESULTS EQUALLED EUR 47.7 MILLION (Q1 2021:
EUR
79.7 MILLION)
    * PLANS CALL FOR ANNOUNCEMENT OF AN UPDATED GUIDANCE FOR
FINANCIAL
GOALS IN 2022 DURING YEAR
    * Q1 PROFIT BEFORE TAX TOTALLED EUR 85.1 MILLION (Q1 2021:
EUR
127.0 MILLION)
    * Q1 OPERATING PROFIT (EBIT) TOTALLED EUR 37.3 MILLION (Q1
2021:
EUR 47.4 MILLION)

Source text for Eikon:  ID:nEQ5TPNVva 
Further company coverage:  IMFI.VI 

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