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    VNA   DE000A1ML7J1

VONOVIA SE

(VNA)
  Report
Delayed Xetra  -  12:44:52 2023-03-21 pm EDT
18.57 EUR   -2.32%
03/17VONOVIA : RBC reiterates its Buy rating
MD
03/17Vonovia sinks to its lowest level since 2014
DP
03/17Vonovia Swings to Attributable Loss in FY22
MT
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Vonovia expects sales to rise in 2023 at slower rate

03/16/2023 | 02:27pm EDT
The logo of German real estate company Vonovia is seen at the company's headquarters in Bochum

FRANKFURT (Reuters) - German housing giant Vonovia expects sales to increase in 2023, it said on Thursday, although by less than the rise of a fifth in 2022.

The group expects sales of between 6.4 billion and 7.2 billion euros ($6.8-$7.6 billion), compared with 6.26 billion euros in 2022.

It also said it would propose a dividend of 0.85 euros per share for 2022, roughly half of the 1.69 euros in 2021.

Core profit (EBITDA) is forecast at 2.6 billion to 2.85 billion euros following 2.76 billion last year, which was an increase of 22.6%.

"We are confident that we will maintain our robustness and use it positively in the interest of all our stakeholders," Chief Executive Rolf Buch said.

($1 = 0.9442 euros)

(Reporting by Christoph Steitz; editing by Barbara Lewis)


ę Reuters 2023
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Analyst Recommendations on VONOVIA SE
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Financials
Sales 2023 3 323 M 3 577 M 3 577 M
Net income 2023 -2 724 M -2 932 M -2 932 M
Net Debt 2023 40 932 M 44 061 M 44 061 M
P/E ratio 2023 -8,93x
Yield 2023 8,99%
Capitalization 14 775 M 15 904 M 15 904 M
EV / Sales 2023 16,8x
EV / Sales 2024 17,3x
Nbr of Employees 15 851
Free-Float 49,3%
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Technical analysis trends VONOVIA SE
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 18,57 €
Average target price 34,00 €
Spread / Average Target 83,1%
EPS Revisions
Managers and Directors
Rolf Buch Chairman-Management Board & CEO
Philip Grosse Chief Financial Officer
JŘrgen Fitschen Chairman-Supervisory Board
Marcel Kleifeld Head-Human Resources & Technical Services
Hildegard MŘller Member-Supervisory Board
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