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PEAN - Peach Property AG News Story

CHF57.4 1.0  1.8%

Last Trade - 26/01/22

Sector
Financials
Size
Mid Cap
Market Cap £765.6m
Enterprise Value £2.03bn
Revenue £274.5m
Position in Universe 429th / 1056

BRIEF-Peach Property Group FY Earnings Before Taxes Up At CHF 150 Million

Tue 9th February, 2021 6:06am
Feb 9 (Reuters) - PEACH PROPERTY GROUP AG  PEAN.S :
    * FY RENTAL INCOME INCREASED BY OVER 40 PERCENT TO CHF 55
MILLION
(PRIOR YEAR: CHF 39 MILLION)
    * FY EARNINGS BEFORE TAXES INCREASED TO MORE THAN CHF 150
MILLION
AND NAV PER SHARE TO MORE THAN CHF 50
    * FY SIGNIFICANT INCREASE IN OPERATING MARGIN FROM 71 TO 75
PERCENT
    * ANTICIPATES FURTHER STRONG GROWTH IN RENTAL INCOME IN 2021
BY AN
ESTIMATED 75 PERCENT TO MORE THAN CHF 95 MILLION
    * OUTLOOK 2021: GROUP WILL ACHIEVE ECONOMIES OF SCALE AND
EXPECTS
A FURTHER INCREASE IN OPERATING MARGIN

Source text for Eikon:  ID:nPextFp9qa 
Further company coverage:  PEAN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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