Brief: Patrizia H1 2023 EBITDA down 48% YOY

Patrizia SE

10/08/2023 17:01

Aug 10 (Reuters) - Patrizia  PATGn.DE :
    * PATRIZIA H1 2023 FINANCIAL RESULTS: RESILIENT AUM BUT
EBITDA
IMPACTED BY MUTED MARKET ENVIRONMENT
    * EBITDA OF EUR 28.4M (H1 2022: EUR 54.5M; -48.0%)
SIGNIFICANTLY
DOWN Y-O-Y PRIMARILY DUE TO LARGER POSITIVE ONE-OFF EFFECTS IN
H1 2022 - PATRIZIA SE  PATGn.DE 
    * RESILIENT AUM WITH ONLY MODERATE DECREASE OF -2.1% TO EUR
57.9BN
(31.12.2022: EUR 59.1BN) - PATRIZIA SE  PATGn.DE 
    * ADJUSTED FINANCIAL GUIDANCE: FY 2023 EBITDA EXPECTED IN
RANGE OF
EUR MLN 50-70 - PATRIZIA SE  PATGn.DE 
    * NET ORGANIC AUM GROWTH OF EUR 0.6BN - PATRIZIA SE
 PATGn.DE 
    * RECURRING MANAGEMENT FEES CONTINUED TO GROW BY +3.6% TO
EUR
120.6M (H1 2022: EUR 116.4M) - PATRIZIA SE  PATGn.DE 

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

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