Investis Group records strong operating performance in 2023

INVESTIS Holding SA / Key word(s): Annual Results Investis Group records strong operating performance in 2023 27-March-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Rental income +3.1% on a like-for-like basis  Excellent EBIT margin of 9.9% at Real Estate Services Unchanged dividend of CHF 2.50 and positive outlook “I am delighted with our strong operating performance in both segments in 2023. In the Real Estate Services segment, we were able to increase revenues while maintaining a remarkable EBIT margin. Our decision in autumn 2021 to sell a portfolio of eleven properties in order to reduce our LTV has proved correct. The balance sheet has been further strengthened, giving us a solid basis for future growth. The vacancy rate has continued to fall. Given the record-high level of immigration into Switzerland, the housing shortage is likely to get even more acute – especially in the two hotspots in western Switzerland. Despite the economic uncertainties, we were able to increase rents thanks to persistently high demand and a low level of construction activity. The lower valuation of our portfolio is due to a rise in interest rates and is market-driven. This does not affect the strong profitability and above-average quality of the portfolio. In an environment where the industry has had to adjust to higher capital costs, we managed to create value in both our segments. I am very satisfied with these results,” says Stéphane Bonvin, CEO of Investis Group. Impressive Group operating result Despite the successful sale of eleven properties in 2022, the Group succeeded in increasing revenue by 1.7% to CHF 231.5 million (previous year CHF 227.5 million) during the year under review. This net increase was achieved organically and through acquisitions. EBITDA before revaluations and disposal gains was CHF 50.1 million (CHF 53.5 million).