UBM Development AG — Earnings Release 2023

Mar 12, 2024

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Publication: 12.03.2024 09:27 Source: https://www.pressetext.com/news/20240312010 Keywords: update / preliminary result

Public disclosure of inside information according to article 17 MAR

UBM Development AG: Preliminary figures on the 2023 financial year

Vienna (pta010/12.03.2024/09:27 UTC+1)

Vienna, 12 March 2024 – UBM Development AG is expecting negative EBT of an anticipated €39 million on the basis of the current figures for the 2023 financial year. This has been mainly caused by project and real estate revaluations totalling approx. €70 million during the past financial year, and also the continuing difficult situation on the transaction market. However, in the fourth quarter UBM succeeded in selling its 33.57% share of Palais Hansen to Wiener Städtische. At the same time, UBM invested in a 25% share of the project "Central Hub" in TwentyOne by Bondi Consult. As at 31 December 2023, UBM has cash and cash equivalents over €150 million and an equity ratio of approx. 30%. It should also be noted that no further bond repayments are due until November 2025.

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) AT0000A2AX04 (Bond) AT0000A2QS11 (Bond) AT0000A35FE2 (Bond) XS2355161956 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Scale)

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