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MarketScreener Homepage  >  Equities  >  Xetra  >  Vonovia SE    VNA   DE000A1ML7J1

VONOVIA SE

(VNA)
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Delayed Quote. Delayed Xetra - 09/25 11:35:22 am
57.58 EUR   -0.93%
09/22VONOVIA : Berenberg keeps its Buy rating
MD
09/22VONOVIA : Gets a Buy rating from Goldman Sachs
MD
09/21VONOVIA : Jefferies gives a Neutral rating
MD
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Vonovia : profit up 8% in first half, confirms guidance

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08/05/2020 | 01:40am EDT

German residential real estate company Vonovia said on Wednesday it was coping well with the coronavirus pandemic, as it announced an 8% rise in first-half core profits and confirmed its guidance for the year.

The constituent of the DAX index said it would continue to offer flexible payment terms to tenants who were facing financial hardship after losing their jobs or going on furlough, and around 1% of them had taken that up.

"We have weathered the coronavirus crisis well so far," said CEO Rolf Buch. "This means that we can do a lot for our tenants and live up to our social responsibility."

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 8% to 942 million euros (850.17 million pounds), enabling the Bochum-based landlord to confirm annual guidance in a range of 1.875-1.925 billion euros.

Rental income from existing properties rose by 1% in the first half while the average rent paid by tenants in Germany was 6.88 euros.

Vonovia manages around 415,000 of its own rental apartments - of that total, 354,000 are in Germany, giving it a market share of 1.5%. Its portfolio is well let, with a vacancy rate of just 2.8%.

The value of its real estate portfolio, after stripping out liabilities, grew by 5.4% to 29.7 billion euros at June 30 compared to the end of 2019.

(Reporting by Douglas Busvine; Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
DAX -1.09% 12469.2 Delayed Quote.-5.89%
VONOVIA SE -0.93% 57.58 Delayed Quote.19.96%
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All news about VONOVIA SE
09/22VONOVIA : Berenberg keeps its Buy rating
MD
09/22VONOVIA : Gets a Buy rating from Goldman Sachs
MD
09/21VONOVIA : Jefferies gives a Neutral rating
MD
09/11VONOVIA SE : Release according to Article 40, Section 1 of the WpHG [the German ..
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09/10VONOVIA : JP Morgan gives a Buy rating
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09/08VONOVIA : JP Morgan reiterates its Buy rating
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09/08VONOVIA SE : Release according to Article 41 of the WpHG [the German Securities ..
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09/04VONOVIA : Goldman Sachs reiterates its Buy rating
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Financials
Sales 2020 2 330 M 2 710 M 2 710 M
Net income 2020 2 195 M 2 553 M 2 553 M
Net Debt 2020 23 962 M 27 877 M 27 877 M
P/E ratio 2020 10,7x
Yield 2020 2,89%
Capitalization 32 584 M 37 857 M 37 908 M
EV / Sales 2020 24,3x
EV / Sales 2021 23,5x
Nbr of Employees 10 440
Free-Float 100,0%
Chart VONOVIA SE
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Technical analysis trends VONOVIA SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 60,54 €
Last Close Price 57,58 €
Spread / Highest target 38,1%
Spread / Average Target 5,15%
Spread / Lowest Target -23,1%
EPS Revisions
Managers
NameTitle
Rolf Buch Chairman-Management Board & CEO
Jürgen Fitschen Chairman-Supervisory Board
Helene von Roeder Chief Financial Officer
Klaus Rauscher Independent Member-Supervisory Board
Hildegard Müller Independent Member-Supervisory Board
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