Press Releases
IMMOFINANZ Group going strong in the first half of 2011/12: Group result has more than doubled compared to the previous year
2011/12/20
KEY FIGURES (in MEUR) 31/10/2011 / Δ in % / 31/10/2010
Rental income 283.7 / +2.4 / 277.1
Income from asset management 229.3 / +2.3 / 224.2
Income from property sales* 24.1 / +79.8 / 13.4
Income from property developments* 42.4 / n.a. / -4.5
Administrative expenses -61.9 / -22.2 / -79.5
Results of operation 270.3 / +53.3 / 176.3
Net profit 265.1 / +144.8 / 108.3
Net profit before currency effects 198.6 / +101.8 / 98.4
Operating cash flow (FFO) 195.8 / +32.8. / 147.4
* before currency effects
IMMOFINANZ Group confirmed the successful trend that characterised recent quarters with a strong result in Q2 2011/12. The net profit for the second quarter 2011/12 reached EUR 236.9 million, equivalent to an increase of 740% over the first quarter of the reporting year (EUR 28.2 million). Compared to the second quarter last year (EUR 49.3 million), the net profit for the period grew nearly five-fold (+380%). In addition to considerable increases in the operative components of this result, unlike in the first quarter of the reporting year, this time IMMOFINANZ Group also benefited from highly positive foreign exchange effects.
Downloads:
Rental income 283.7 / +2.4 / 277.1
Income from asset management 229.3 / +2.3 / 224.2
Income from property sales* 24.1 / +79.8 / 13.4
Income from property developments* 42.4 / n.a. / -4.5
Administrative expenses -61.9 / -22.2 / -79.5
Results of operation 270.3 / +53.3 / 176.3
Net profit 265.1 / +144.8 / 108.3
Net profit before currency effects 198.6 / +101.8 / 98.4
Operating cash flow (FFO) 195.8 / +32.8. / 147.4
* before currency effects
IMMOFINANZ Group confirmed the successful trend that characterised recent quarters with a strong result in Q2 2011/12. The net profit for the second quarter 2011/12 reached EUR 236.9 million, equivalent to an increase of 740% over the first quarter of the reporting year (EUR 28.2 million). Compared to the second quarter last year (EUR 49.3 million), the net profit for the period grew nearly five-fold (+380%). In addition to considerable increases in the operative components of this result, unlike in the first quarter of the reporting year, this time IMMOFINANZ Group also benefited from highly positive foreign exchange effects.
