Press release

Zurich, 2 November 2017

Investis expects significantly lower income taxes for 2017 financial year

  • Positive non-recurring effect reduces deferred taxes by CHF 11 million owing to implementation of corporate tax reform in Canton Vaud

Investis expects much lower income taxes for financial 2017 because of a further CHF 11 million reversal of deferred tax liabilities. This non-recurring effect results from yesterday's announcement by Canton Vaud that corporate tax reform would be implemented on the cantonal level at the beginning of 2019. This reform, which was approved by Vaud's voters in 2016, sets the new corporate tax rate at 13.79% as from 1.1.2019.

Investis has properties in Canton Vaud worth around CHF 300 million, which accounts for just under 30% of its total property portfolio.

Operational targets for the 2017 financial year remain unchanged. Investis Holding SA will publish its annual financial statements on 21 March 2018.

Contacts at Investis

Media relations

Christine Hug, Head Corporate Communications

Tel.: +41 58 201 72 41, E-mail: christine.hug@investisgroup.com

Investor relations

Laurence Bienz, Head Investor Relations

Tel.: +41 58 201 72 42, E-Mail: laurence.bienz@investisgroup.com

About Investis Group

Founded in 1994, Investis Group is a leading residential property company in the Lake Geneva region and a national real estate services provider active in the two synergetic segments of Properties and Real Estate Services. The portfolio of Investis Properties consists almost exclusively of residential properties located in the Lake Geneva region and was valued at CHF 1,036 million as at 30 June 2017. Investis Real Estate Services is active throughout Switzerland with well-known local brands. For further information: www.investisgroup.com


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