07.04.2019, 2444 Zeichen

S immo AG: Austrian based CEE real estate company reported 2018 results. The company generated consolidated net income of Euro 204.2 mn in the 2018 financial year – an increase of 53% compared with the prior year. Total revenues for the 2018 financial year came to Euro 192.4 mn, which is higher than the prior-year figure (2017: EUR 191.4m) despite the lucrative large-volume disposals in the third quarter of 2017.CEO  Ernst Vejdovszky: “The annual results for 2018 confirm that we are successfully continuing the positive development of the last few years. We achieved a significant increase in FFO I in the financial year 2018. At the same time, we laid the foundation for the continued growth of our long-term earnings by completing projects and acquiring properties with clear potential for rising rents. Based on these excellent results, we are proposing a dividend of Euro 0.70 for the 2018 financial year, thus accomplishing our goal of consistently increasing our dividend in particularly impressive fashion.”  S Immo completed purchases totalling around Euro 123m in Germany in the 2018 financial year. The property investments in 2018 were focused on portfolio properties with upside rent potential in medium-sized German cities such as Leipzig, Kiel and Erfurt. In addition, the company has acquired plots of land in the area surrounding Berlin with a total area of roughly 900,000 m² thus far. These property reserves are aimed at securing future earnings for the company.The company is confident that conditions will remain positive in the real estate markets in which it is active and expects to generate continuous growth. The focus will once again be on Germany in 2019, but attractive acquisition opportunities are also being assessed in CEE. Promising development properties have already been purchased in Budapest and Bucharest this year. “During the last financial year, we benefited from the fact that we made the right investment decisions in the past as well as from the value-creating management of our properties. We will once again work to leverage the potential of our portfolio in the 2019 financial year. At the same time, we are securing earnings opportunities for the long term by acquiring property reserves in Germany and CEE,” said Friedrich Wachernig, member of S Immo AG’s Management Board.
S Immo: weekly performance: 2.20%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (03/04/2019)

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Aktien auf dem Radar:Uniqa, Österreichische Post, FACC, EuroTeleSites AG, Telekom Austria, Zumtobel, Wienerberger, Porr, DO&CO, Erste Group, voestalpine, VIG, UBM, Frequentis, Strabag, AT&S, Frauenthal, BKS Bank Stamm, Oberbank AG Stamm, Austriacard Holdings AG, Andritz, Polytec Group, Verbund, Amag, CA Immo, EVN, Flughafen Wien, CPI Europe AG.

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