Graphisoft Park SE announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced revenue of EUR 2,863,000 compared to EUR 2,471,000 for the same period a year ago. Operating profit was EUR 3,698,000 compared to EUR 13,362,000 for the same period a year ago. Profit before tax was EUR 3,555,000 compared to EUR 13,210,000 for the same period a year ago. Profit for the period attributable to equity holders of the parent company was EUR 3,559,000 compared to EUR 13,031,000 for the same period a year ago. Basic and diluted earnings per share were EUR 0.35 compared to EUR 1.29 for the same period a year ago. Net cash from operating activities was EUR 4,139,000 compared to EUR 945,000 for the same period a year ago. Purchase of other tangible assets and intangibles was EUR 23,000 compared to EUR 2,000 for the same period a year ago. Pro forma operating profit was EUR 1,337,000 compared to EUR 1,422,000 for the same period a year ago. Pro forma profit before tax was EUR 1,194,000 compared to EUR 1,270,000 for the same period a year ago. Pro forma profit for the period was EUR 1,198,000 compared to EUR 1,091,000 for the same period a year ago. Pro forma earnings per share were EUR 0.12 compared to EUR 0.11 for the same period a year ago. Revenue rose due to the rental revenues derived from the new developments handed over in 2017.

For the year 2018, the company forecasts rental revenue of EUR 12.3 million, EBITDA of EUR 11.7 million, operating profit of EUR 5.3 million, profit before tax of EUR 4.1 million and net profit of EUR 4.1 million. Depreciation expected to be EUR 6.4 million and net interest expense expected to be EUR 1.2 million.

For the year 2019, the company forecasts rental revenue of EUR 13.8 million, EBITDA of EUR 12.9 million, operating profit of EUR 5.4 million, profit before tax of EUR 4.3 million and net profit of EUR 4.3 million. Depreciation expected to be EUR 7.4 million and net interest expense expected to be EUR 1.1 million.