Brief: S Immo Net Income H1 At EUR 61.9 Mln

S IMMO AG

29/08/2022 06:54

Aug 29 (Reuters) - S IMMO AG  SIAG.VI :
    * S IMMO AG: POSITIVE OPERATING PERFORMANCE DESPITE
DIFFICULT
CONDITIONS
    * NET INCOME FOR PERIOD AT EUR 61.9M AFTER SOLID OPERATIONAL
PERFORMANCE FOR HALF-YEAR
    * H1 EBITDA UP MORE THAN 23% TO EUR 48.9M
    * H1 TOTAL REVENUES ROSE SIGNIFICANTLY TO EUR 119.6M
    * H1 MARKED INCREASE IN REVENUES FROM HOTEL OPERATIONS TO
EUR
23.7M
    * DUE TO LOWER PROPERTY VALUES, HOWEVER, EBIT DECREASED FROM
EUR
166.3M TO EUR 64.8M DESPITE POSITIVE OPERATING PERFORMANCE
    * GROSS PROFIT ADVANCED BY MORE THAN 19% TO EUR 63.4M (HY
2021:
EUR 53.2M)
    * DUE TO WAR IN UKRAINE, SHAPE OF INTERNATIONAL INTEREST
RATE
POLICY, FURTHER DEVELOPMENTS REGARDING COVID-19 AND GLOBAL
SUPPLY BOTTLENECKS IT IS DIFFICULT TO PROVIDE AN OUTLOOK AT THIS
TIME

Source text for Eikon:  ID:nPex37NYWa 
Further company coverage:  SIAG.VI 

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