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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Zug Estates Holding AG    ZUGN   CH0148052126

ZUG ESTATES HOLDING AG

(ZUGN)
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Reversal of around CHF 19 million of deferred taxes

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09/12/2019 | 11:55am EDT

Reversal of around CHF 19 million of deferred taxes

In accordance with today's press release from Canton Zug, the deadline for calling a referendum on the amendment of cantonal tax law of 27 June 2019 implementing the Swiss federal tax proposal has expired unused. As a result the sixth tax law revision of Canton Zug will enter into force on 1 January 2020 along with the related provisions at federal level. This will lead to a reduction in the effective tax rate from 14.5% to 12.0%.

Due to this change in the tax rate and based on the deferred taxes reported in the financial statements at 30 June 2019, Zug Estates expects a one-off positive impact of CHF 19 million in financial year 2019 from the reversal of deferred taxes.

The 2019 annual report of Zug Estates Group will be published on 6 March 2020.




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Financials (CHF)
Sales 2019 84,9 M
EBIT 2019 67,1 M
Net income 2019 53,7 M
Debt 2019 554 M
Yield 2019 1,79%
P/E ratio 2019 23,4x
P/E ratio 2020 21,2x
EV / Sales2019 18,6x
EV / Sales2020 15,7x
Capitalization 1 020 M
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Mean consensus HOLD
Number of Analysts 3
Average target price 1 912,50  CHF
Last Close Price 2 000,00  CHF
Spread / Highest target -0,75%
Spread / Average Target -4,38%
Spread / Lowest Target -8,00%
EPS Revisions
Managers
NameTitle
Tobias Achermann Chief Executive Officer
Beat Schwab Chairman
Mirko Käppeli Chief Financial Officer
Annelies Häcki-Buhofer Non-Executive Director
Martin Wipfli Non-Executive Director