Property operator Park Street trims FY EBVAT outlook on one-off costs
Property operator Park Street trims FY EBVAT outlook on one-off costs
Overview
Denmark property firm's H1 net sales fell due to property disposals
H1 EBVAT rose, mainly from reduced financial expenses
Company cut 2026 EBVAT guidance to DKK 45–50 mln on one-off costs
Outlook
Park Street lowers 2026 EBVAT guidance to DKK 45–50 mln from DKK 50–55 mln
Company expects H2 2026 EBVAT to benefit from operational optimisation and property disposals
One-off settlement and structuring costs not expected to recur in H2 2026
Result Drivers
REDUCED FINANCIAL EXPENSES - Lower net financial expenses drove the increase in H1 EBVAT
HIGHER OPERATING COSTS - Increased operating and overhead costs partly offset EBVAT gains
NEGATIVE FAIR VALUE ADJUSTMENTS - Lower profit mainly reflected negative fair value adjustments and lower gains on property sales
Company press release: ID:nGNE58vPHc
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales |
| DKK 71.60 mln |
|
H1 Net Income |
| DKK 16.90 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)