S Immo AG rises on better-than-expected annual results

S IMMO AG

30/03/2023 09:13

** Shares in S Immo AG  SIAG.VI  rise 3.1% after the
Austrian real estate firm reported better-than-expected annual
results
    ** The Vienna-based company posts rental income of 155.7
million euros ($168.93 million) for 2022, up 19% from a year
earlier
    ** "The FY22 results came in better than expected. The
company said that further acquisitions should have a positive
impact on S Immo's operating figures and the company's
profitability," Erste Group analysts say
    ** S Immo says its focus will remain on disposals in Germany
and acquisition of further profitable and high-quality office
properties in Austria and in Central and Eastern Europe

($1 = 0.9217 euros)

 (Reporting by Tristan Veyet)
 ((Tristan.chabba@thomsonreuters.com))