Brief: Warimpex Finanz Und Beteiligungs Q1 loss of EUR 0.5 mln
30/05/2016 07:01
May 30 (Reuters) - Warimpex Finanz Und Beteiligungs AG WXFB.VI :
* Q1 total revenues improved by 8 per cent in year-on-year terms to 11.9 million euros
($13.21 million)
* Q1 improvement in financial result from minus 3.9 million euros to plus 0.2 million euros
* Q1 EBITDA fell from 1.6 million euros to 0.8 million euros due to exchange rate gains from
operations in prior-year period
* Q1 EBIT remained relatively stable at minus 0.5 million euros
* Q1 loss of 0.5 million euros considerably better than in Q1 2015
* Goal for 2016 financial year is to boost earnings of hotels across portfolio, to cut
interest expenses, and to move forward with company's development projects
* Plans to complete a number of transactions this year, and company signed a letter of
intent for sale of a hotel after reporting period
Source text for Eikon: ID:nPex2DNsDC
Further company coverage: WXFB.VI
($1 = 0.9007 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))