Patrizia rises as slight H1 beat 'might be good enough for bounce'
12/08/2022 10:37
** Shares of German real estate investment manager Patrizia
PATGn.DE edge up around 2% on H1 results slightly ahead of
expectations urn:newsml:reuters.com:*:nASM000N1P
** Berenberg ("buy") says Patrizia's H1 results slightly
beat its estimates, with revenues of 158.5 million euros (vs
brokers' estimates: 145.9 million euros) and EBITDA as the key
earnings figure of 54.5 million euros (vs brokers' estimates:
44.5 million euros)
** It adds, the company is "well positioned" with fairly
resilient H1 earnings levels and rock-solid balance sheet ratios
** A local trader says the company beats the very few
estimates and adds it might be good enough for a bounce,
depending on market
** The stock, which is still down about 40% YTD, is among
top performers of the German small-caps index .SDAXI
** The move reduces the month-to-date losses to about 3.6%
(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))