MOBIMO HOLDING AG Aarau, Aeschbachhalle
2022 HALF-YEAR RESULTS
Agenda
Overview of the first half of 2022
Financial key figures for the first half of 2022 Real estate portfolio and pipeline
Focus and outlook 2022
5.8.2022 | Half-Year Results 2022 | 2 |
Overview of the first half of 2022
Highlights
A pleasing rise in rental income and reduction in the vacancy rate
Net rental income was increased by 7.4% thanks to the acquisitions from the previous year and marketing successes.
The vacancy rate in the investment portfolio was reduced to 4.6% (4.8% as at 31 December 2021).
High upward valuations driven by operating activities and a positive response to condominiums
Added value from operating performance is leading to substantial revaluation income for investment properties under construction of CHF 29 million.
For the "Aura" condominium project in Horgen, 29 of the 38 apartments for sale have already been reserved.
Strengthening of capital base and low financing costs
Successful capital increase by means of a rights issue (with gross proceeds of CHF 162 million).
The average interest rate for financial liabilities was 0.94% in the first half of 2022, compared with 1.30% in the 2021 financial year.
5.8.2022 | Half-Year Results 2022 | 3 |
Aarau, Aeschbachquartier
Financial key figures for the first half of 2022
Financial key figures for the first half of 2022
Key income statement figures
CHF million | HY|2018 | HY|2019 | HY|2020 | HY|2021 | HY|2022 | y-o-y % | ||||||
Net rental income | 45.4 | 52.2 | 52.0 | 55.9 | 60.0 | 7.4 | ||||||
Profit on development projects and sale of | ||||||||||||
trading properties | 3.9 | 2.4 | 2.7 | 54.4 | 3.8 | - 92.9 | ||||||
Net income from revaluation | 17.7 | 18.8 | 25.1 | 19.9 | 31.5 | 58.4 | ||||||
Profit on disposal of investment properties | 6.8 | 0.0 | 1.5 | 0.0 | 0.0 | 0.0 | ||||||
Personnel, operating and administrative expenses1 | - 16.8 | - 18.8 | - 16.3 | - 16.2 | - 16.0 | - 1.0 | ||||||
EBIT | 57.3 | 55.4 | 65.8 | 115.4 | 81.4 | - 29.5 | ||||||
EBIT excluding revaluation | 39.6 | 36.6 | 40.8 | 95.5 | 49.8 | - 47.8 | ||||||
Financial result | - 12.6 | - 14.1 | - 14.5 | - 11.5 | - 7.8 | - 31.9 | ||||||
Tax expense | - 7.9 | 1.1 | - 9.9 | - 20.5 | - 11.5 | - 43.8 | ||||||
Profit attributable to the shareholders of MOH | 37.6 | 43.6 | 41.7 | 83.7 | 63.5 | - 24.1 |
- Capitalised own-account services are netted against personnel, operating and adminstrative expenses in the figures presented here.
5.8.2022 | Half-Year Results 2022 | 5 |
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Mobimo Holding AG published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 05:10:04 UTC.
