Brief: S Immo FY Rental Income Increased To EUR 202.6 Mln

S IMMO AG

25/03/2024 13:16

March 25 (Reuters) - S IMMO AG  SIAG.VI :
    * FY RENTAL INCOME INCREASED TO EUR 202.6M
    * SALES VOLUME TOTALLED EUR 682.4M (2022: EUR 49.2M) AND
MAINLY
RELATED TO GERMANY, BUT ALSO AUSTRIA AND CROATIA
    * FY REVENUES INCREASED TO EUR 336.5M
    * FY GROSS PROFIT INCREASED SIGNIFICANTLY TO EUR 179.3M
    * FY EBITDA REACHED EUR 142.6M, THE HIGHEST FIGURE IN THE
COMPANY'S HISTORY
    * FFO I AMOUNTED TO EUR 99.6M AS OF 31 DECEMBER 2023
    * FY CONSOLIDATED NET INCOME AT -41.4 MILLION EUR
    * RESULT FROM PROPERTY VALUATION WAS NEGATIVE AT EUR -109.3M
(2022: EUR -78.4M)
    * WE ARE WORKING INTENSIVELY ON ACQUISITION OF A FURTHER
PORTFOLIO
OF OFFICE AND RETAIL PROPERTIES WITH A TOTAL LEASABLE AREA OF
AROUND 134,600 M², A TOTAL ASSET VALUE OF EUR 494.5M AND ANNUAL
RENTAL INCOME OF AROUND EUR 28M
    * HAVE ALREADY SIGNED A NON-BINDING LETTER OF INTENT FOR
FURTHER
ACQUISITION

Source text for Eikon:  ID:nPexgT99Va 
Further company coverage:  SIAG.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))