UBM Development AG — Earnings Release 2022

Feb 20, 2023

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Publication: 20.02.2023 16:53 Source: https://www.pressetext.com/news/20230220040 Keywords: update

Public disclosure of inside information according to article 17 MAR

UBM Development AG: UBM announces amended earnings guidance for the 2022 financial year

Vienna (pta/20.02.2023/16:53) -

• €30-31m EBT expected
• €324m in cash as of 31.12.2022
• At €500m, equity within target corridor of 30-35% for equity ratio
• Net debt slightly below €500m at year-end

Vienna, 20.02.2023 – UBM Development AG expects earnings before taxes of €30-31m for the 2022 financial year based on currently available data. In view of the ongoing standstill on the transaction market, this is a respectable result but is below the originally projected €38-42m. The underlying reasons involve delays in the receipt of permits and transfers which were expected by year-end 2022. UBM had €324m of liquid funds and an equity ratio which remained within the target corridor of 30-35% as of 31 December 2022. Net debt totalled €499m at year-end.

Emitter:	UBM Development AG Laaer-Berg-Straße 43 1100 Wien Austria
Contact Person:	Christoph Rainer
Phone:	+43 664 80 1873 200
E-Mail:	investor.relations@ubm-development.com
Website:	www.ubm-development.com
ISIN(s):	AT0000815402 (Share) AT0000A23ST9 (Bond) AT0000A2AX04 (Bond) AT0000A2QS11 (Bond) XS1785474294 (Bond) XS2355161956 (Bond)
Stock Exchange(s):	official trade in Vienna, scale in Frankfurt

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