• FFO I up by 49.7% to a record value of €80.0 mn

  • Net profit improves by 51.1% to €124.1 mn

  • Sales of €286.7 mn concluded - €617.6 mn including the HanseMerkur commercial package, which closed in early 2017

  • Net revaluation gains more than triple to €206.9 mn

  • Lower FFO I expected for 2017 due to sales

conwert Immobilien Invest SE (conwert), listed on the Austrian ATX, achieved improvements in practically every key indicator in the 2016 business year. FFO I (Funds from Operations before sales and one-off items), an important indicator of the property company's operating performance, saw a year-on-year rise of 49.7% to €80.0 mn (2015: €53.4 mn). EBIT grew by 64.2% to €297.8 mn (2015: €181.3 mn). Below the line, conwert increased its consolidated earnings after tax (net profit) by 51.1% to €124.1 mn, following on from €82.1 mn in the previous year. The strong operating performance and positive market environment led to a significant increase in net revaluation gains to €206.9 mn (2015: €66.0 mn).

conwert Immobilien Invest SE published this content on 20 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 March 2017 16:04:05 UTC.

Original documenthttp://www.conwert.com/en/conwert-generates-record-earnings-2016

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