• FFO I up by 52.6% to €39.3 mn

  • Net earnings of €74.9 mn

  • Non-core sales of around €142 mn

  • FFO I guidance for 2016 increased to over €75 mn

conwert Immobilien Invest SE (conwert), traded on the Austrian ATX, has achieved the best half-year result in the company's history. This pleasing development was driven by the strong operating performance and the fair value gains for the property portfolio. FFO I (funds from operations before sales and one-off items), the most important indicator for conwert, underwent a significant rise of 52.6% against the previous year to €39.3 mn (1-6/2015: €25.7 mn). conwert tripled its group earnings after tax (net profit) to reach a new record high of €74.9 mn (1-6/2015: €24.5 mn). Revenues also grew by 26.0% to €264.3 mn (1-6/2015: €209.7 mn).

conwert Immobilien Invest SE published this content on 23 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2016 21:09:03 UTC.

Original documenthttp://www.conwert.com/en/conwert-achieves-record-half-year

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