Vonovia Kicks Off Year with Strong Operations, Earns SBTi Sustainability Rating, Advances Sales Program

• Vonovia SE reported good operating results for Q1 2024, with the EBITDA contribution of its core segment, Rental, reaching €592.9 million.
• The company has already reached around €1.1 billion of its €3 billion sales target for 2024.
• Vonovia issued three bonds in international markets at the start of the year, totaling around €1.5 billion.
• The company received a BBB+ rating from Fitch, with a stable outlook, and now has good investment grade ratings from all renowned rating agencies.
• Vonovia's sustainability initiatives were recognized by the SBTi and CDP, confirming the company's progress towards its climate targets.
• The company expects to see organic value growth of around €3 billion p.a. from 2025, driven primarily by the housing shortage and high demand for urban residential space.

The next important date, Interim Report for the 1st Quarter of 2024, at Vonovia is on 30.04.2024.

The price of Vonovia at the time of the news was 26,19EUR and was down -0,29 % compared with the previous day.
12 minutes after the article was published, the price was 26,50EUR this corresponds to a plus of +1,20 % since publication.
At this time, the index DAX was at 18.109,00PKT (-0,28 %).

Vonovia

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ISIN:DE000A1ML7J1WKN:A1ML7J

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