Brief: Verianos Real Estate Adjusts 2019 Earnings Forecast

VERIANOS SE

25/10/2019 07:05

Oct 25 (Reuters) - VERIANOS REAL ESTATE AG  GIVG.DE :  
    * SAID ON THURSDAY IT ADJUSTED EARNINGS FORECAST FOR 2019
    * NOW SEES 2019 RESULT IN RANGE OF EUR 0.8 MLN TO EUR 1.2
MLN,
COMPARED TO PREVIOUS FORECAST FOR MODERATE INCREASE OVER LAST
YR'S RESULT (EUR 1.7 MLN)
    * STILL IN PROCESS OF FISCAL RESTRUCTURING AFTER BAFIN
APPROVAL OF
BUSINESS OPERATIONS OF CAPITAL MANAGEMENT COMPANY IN Q3 2018
    * POTENTIAL OF NEW STRUCTURE CANNOT BE FULLY EXPLOITED IN
2019
    * AFTER 2018-2019 TRANSITION PHASE, SEES HIGHER TRANSACTION
VOLUME
FROM COMING YEAR, WHICH SHOULD LEAD TO HIGHER RESULTS

    
 Source text for Eikon:  ID:nEQ1wNxkma 
 Further company coverage:  GIVG.DE  
   
    
    

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