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Results for the First Quarter 2018

Results for the First Quarter 2018

Press Release, Presentation of the Results, Financial Report

Press release

IMMOFINANZ with strong operating development in the first quarter of 2018 – cost savings take effect

IMMOFINANZ doubled the results of operations to EUR 35.5 million in the first quarter of 2018 (Q1 2017: EUR 17.8 million). Rental income rose by 3.3% to EUR 59.0 million. The results of asset management increased by a sound 14.1% to EUR 45.0 million following a substantial reduction in property expenses. Both the results of property sales and the results of property development turned clearly positive: the results of property sales improved to EUR 3.5 million (EUR -6.0 million) and the results of property development to EUR 1.8 million (EUR -5.8 million).

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Home ›› Results for the First Quarter 2018
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