Brief: Immofinanz To Waive Dividend For 2023 Financial Year

CPI Europe AG

27/03/2024 17:13

March 27 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * REVALUATIONS (INCLUDING DEVELOPMENT PROJECTS AND PROPERTY
SALES)
TOTALLED EUR -376.8 MILLION IN 2023, COMPARED WITH EUR -105.7
MILLION IN PREVIOUS YEAR
    * FINANCIAL RESULTS FELL TO EUR -246.1 MILLION (2022: EUR
-72.6
MILLION) DUE TO ABSENCE OF POSITIVE NON-CASH VALUATION EFFECTS
AND EARNINGS CONTRIBUTION FROM S IMMO
    * EXPERTS FORESEE A CONTINUATION OF CHALLENGING MARKET
ENVIRONMENT
IN 2024 DUE TO CURRENT MACROECONOMIC AND GEOPOLITICAL CONDITIONS
    * MARKET IS GENERALLY NOT EXPECTED TO RECOVER BEFORE SECOND
HALF
OF 2024
    * EXECUTIVE BOARD AND SUPERVISORY BOARD DECIDED TO ASK
ANNUAL
GENERAL MEETING ON 29 MAY 2024 TO WAIVE DIVIDEND FOR 2023
FINANCIAL YEAR

Source text for Eikon:  ID:nEQ5B3vVsa 
Further company coverage:  IMFI.VI 

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