Brief: Orascom Development Holding FY Net Losses Of CHF 37.3 Mln

Orascom Development Holding AG

05/04/2019 06:19

April 5 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG  ODHN.S :
    * NET LOSSES DECREASED BY 9.2% TO CHF 37.3 MILLION IN FY
2018
DESPITE ONE-OFF HISTORICAL LEGACY ITEMS OF CHF 16.5 MILLION 
    * BREAKS ITS NET REAL ESTATE SALES RECORD TO CHF 200.6
MILLION,
INCREASES REVENUES BY 39.2% TO CHF 340.3 MILLION AND MORE THAN
DOUBLES ITS ADJUSTED. EBITDA TO CHF 70.2 MILLION.
    * RECORD NET REAL ESTATE SALES OF CHF 200.6 MILLION IN FY
2018
(EXCLUDING O WEST) VERSUS. CHF 126.2 MILLION IN FY 2017
    * ADJUSTED. EBITDA MORE THAN DOUBLED REACHING CHF 70.2
MILLION IN
FY 2018 CORRESPONDING TO OPERATIONAL MARGIN OF 20.6%
    * OUTLOOK 2019: TARGETS TOPLINE REVENUES OF CHF 400 MILLION
AND AN
ADJUSTED EBITDA IN RANGE OF CHF 74 MILLION - CHF 77 MILLION
    * TARGETED 2019 REVENUES REPRESENT A 25% GROWTH FROM CHF 319
MILLION IN FY 2018
    * TARGETED 2019 ADJUSTED. EBITDA REPRESENTS 19%-24% GROWTH
FROM
CHF 62 MILLION IN FY 2018

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