Brief: Patrizia FY Preliminary Results In Line With Guidance

Patrizia SE

28/02/2024 16:45

Feb 28 (Reuters) - PATRIZIA SE  PATGn.DE :
    * FY 2023 PRELIMINARY FINANCIAL RESULTS IN LINE WITH
GUIDANCE:
EBITDA OF EUR 54.1M - PATRIZIA PROPOSES SIXTH CONSECUTIVE
INCREASE IN DIVIDENDS AND SIGNALS CAUTIOUS OPTIMISM FOR FY 2024
    * AUM OF EUR 57.3BN SUPPORTED BY NET ORGANIC GROWTH,
PARTIALLY
OFFSETTING VALUATION PRESSURE - OVERALL DECLINE OF 3.2% Y-O-Y
    * GAP BETWEEN EBITDA AND CONSOLIDATED NET PROFIT
ATTRIBUTABLE TO
SHAREHOLDERS OF PARENT COMPANY IS PRIMARILY DUE TO DEPRECIATION,
AMORTISATION AND IMPAIRMENT OF EUR -50.5M (UP 16.5% Y-O-Y FROM
EUR -43.4M)
    * EXPECTS AUM IN A RANGE BETWEEN EUR 54.0BN - 60.0BN IN 2024

Source text for Eikon:  ID:nEQ5jv3q0a 
Further company coverage:  PATGn.DE 

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