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S Immo AG Earnings Release 2020
758_iss_2020-05-11_7a17738e-db54-4d90-85a1-2d8d4309756e.pdf
Earnings Release
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publication: 11.05.2020 17:30 source: http://adhoc.pressetext.com/news/1589211000063 keywords: S IMMO AG / preliminary results / first quarter
Public disclosure of inside information according to article 17 MAR
S IMMO AG: Preliminary results Q1 20: operating figures improved, negative results from property valuation, very high cash holdings
Wien (pta048/11.05.2020/17:30) - In the first quarter of 2020, S IMMO will presumably top the operating results of the very successful prior-year period: total revenue, gross profit and EBITDA are expected to increase by approximately 5% to 8% in comparison to the previous-year period.
The results from property valuation turned negative because of the effects of the COVID-19 pandemic. According to the preliminary figures, a modest negative valuation result of more than EUR -30m is expected (equivalent to approximately 1.3% of the IFRS property portfolio). Based on this valuation result, a net loss for Q1 2020 is expected as well.
As of 31 March 2020, cash and cash equivalents amount to over EUR 230m and are thereby at a very high level. The final results for the first quarter will be published on 26 May 2020. The further effects of the COVID-19 pandemic on the financial year 2020 cannot yet reliably be estimated due to the numerous uncertainties as to the further development.
| emitter: | S IMMO AG Friedrichstraße 10 1010 Wien Austria |
|---|---|
| contact person: | Elisabeth Wagerer |
| phone: | +43 1 22795-1120 |
| e-mail: | [email protected] |
| website: | www.simmoag.at |
| ISIN(s): | AT0000652250 (share) |
| stock exchanges: | official trade in Vienna |
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