Brief: Patrizia To Increase Dividend By 3.0% To 0.34 Euros Per Share

Patrizia SE

21/03/2024 16:59

March 21 (Reuters) - PATRIZIA SE  PATGn.DE :
    * PRELIMINARY FINANCIAL RESULTS CONFIRMED: AUM OF EUR 57.3BN
CONFIRMS PLATFORM RESILIENCE
    * EBITDA OF EUR 54.1M SIGNIFICANTLY IMPACTED BY MARKET
HEADWINDS,
REORG EXPENSES AND OTHER INCOME
    * DIVIDEND INCREASE BY 3.0% TO EUR 0.34 PER SHARE ON BACK OF
STRONG BALANCE SHEET AND SOLID OPERATING CASHFLOW
    * CAUTIOUS OPTIMISM ABOUT FY 2024 WITH AN EBITDA GUIDANCE OF
BETWEEN EUR 30.0M - 60.0M
    * OUTLOOK 2024 AUM EXPECTED IN A RANGE BETWEEN EUR 54.0BN -
60.0BN
    * REORGANISED OPERATIONS AND ADAPTED ITS BUSINESS FOCUS TO
ACCOMMODATE LOWER LEVEL OF CLIENT INVESTMENTS IN SECOND HALF OF
2023
    * CURRENT MACROECONOMIC UNCERTAINTY REMAINS A CHALLENGE FOR
MAJORITY OF GROUP'S CLIENTS, ESPECIALLY IN REAL ESTATE SECTOR
    * 2024 FOCUS ON SMART REAL ASSET INVESTMENTS

Source text for Eikon:  ID:nEQ1Nd7fda 
Further company coverage:  PATGn.DE 

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