• FFO I up by 62.0% to a nine-month record of €61.8 mn
  • Net earnings rise by 45.4% to €99.7 mn
  • Sales in the non-core sector of more than €500 mn expected for the full year
  • FFO I guidance for 2016 increased to around €80 mn

conwert Immobilien Invest SE (conwert), traded on the Austrian ATX, has achieved record values for every relevant key indicator in the first nine months of 2016. FFO I (funds from operations before sales and one-off items), the most important operational indicator for conwert, underwent a rise of 62.0% against the previous year to €61.8 mn (1-9/2015: €38.1 mn). conwert improved its group earnings after tax (net profit) by 45.4% to €99.7 mn (1-9/2015: €68.6 mn). Revenues also grew by 18.1% to €347.9 mn (1-9/2015: €294.6 mn). This thriving development was driven by the ongoing strong operating performance, major progress in the sale of non-core assets, and fair value gains for the property portfolio.

conwert Immobilien Invest SE published this content on 23 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 November 2016 07:17:04 UTC.

Original documenthttp://www.conwert.com/en/conwert-record-high-after-nine-months

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