Brief: Patrizia FY EBITDA At EUR 78.9 Mln

Patrizia SE

27/02/2023 16:49

Feb 27 (Reuters) - PATRIZIA SE  PATGn.DE :
    * FY ASSETS UNDER MANAGEMENT INCREASED STRONGLY BY EUR
10.5BN OR
21.6% Y-O-Y, FROM EUR 48.6BN TO EUR 59.1BN
    * FY EBITDA OF EUR 78.9M (-38.8% Y-O-Y) IMPACTED BY MARKET
HEADWINDS AND REORG EXPENSES BUT SHOWS CONTINUED GROWTH IN
RECURRING MANAGEMENT FEES, FURTHER IMPROVING QUALITY OF EARNINGS
    * PATRIZIA REMAINS CAUTIOUSLY OPTIMISTIC ABOUT FY 2023 WITH
AN
EBITDA GUIDANCE OF BETWEEN EUR 50.0M - 90.0M AND AUM GROWTH TO
BETWEEN EUR 60.0BN - 65.0BN
    * OUTLOOK 2023: AUM GROWTH TO BETWEEN EUR 60.0BN - 65.0BN
    * FY TOTAL SERVICE FEE INCOME CAME IN AT EUR 324.7M (-5.2%
Y-O-Y)
    * FY NET OPERATING EXPENSES INCREASED TO EUR 250.1M (UP
11.3%
Y-O-Y)


Further company coverage:  PATGn.DE 

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