EQS-Adhoc
Zug Estates finishes 2015 with a significant increase in net income
EQS Group-Ad-hoc: Zug Estates Holding AG / Key word(s): Miscellaneous
Zug Estates finishes 2015 with a significant increase in net income
12.02.2016 / 06:55
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Zug Estates finishes 2015 with a significant increase in net income
12.02.2016 / 06:55
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Zug Estates posted a significant increase in net income in 2015. Operating
income before depreciation and revaluation rises by 5% to CHF 39.6
million, while income from the revaluation of investment properties (net)
amounts to CHF 50.6 million.
In the 2015 financial year, the Zug Estates Group achieved a good operating
result before depreciation and revaluation of CHF 39.6 million, 5% more
than in the previous year. Income from the revaluation of investment
properties (net) rose by CHF 29.3 million year-on-year to CHF 50.6 million.
Taking account of the investments and a land consolidation measure totaling
CHF 46.9 million, as well as the disposal of properties with a market value
of CHF 26.7 million, the market value of the Zug Estates Group's portfolio
rose 7% to CHF 1.2 billion as at December 31, 2015.
The successful positioning of the Suurstoffi site in Risch Rotkreuz as a
premium residential and business location, the on-schedule completion of
phase two of Suurstoffi and successful leases played a major role in the
revaluation result. "The valuation reflects the strong appeal of our sites
in Zug and Risch Rotkreuz," explained Group CEO Tobias Achermann. "Both the
location and nature of our properties give them excellent qualities.
Furthermore, our portfolio's usage mix is balanced, with about 30%
residential property and significant development reserves, which we will
develop over the next few years." Owing to the good operating result and
the substantial surplus from the revaluation of investment properties
(net), the 2015 figure for net income (over CHF 67 million) will be
significantly above the previous year's figure of CHF 45.1 million.
Further information on business in 2015 and the full Annual Report for 2015
will be published on March 11, 2016.
End of ad hoc announcement
+++++
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=TLQBHICHHF
Document title: Zug Estates finishes 2015 with a significant increase in net
income
---------------------------------------------------------------------------
12.02.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
The Zug Estates Group conceives, develops, markets and manages properties
in the Zug region. It focuses on centrally located sites suitable for a
wide range of uses and with potential for sustainable development. A large
part of the real estate portfolio is located at two sites in Zug and Risch
Rotkreuz and is broadly diversified by type of use. The Group also runs a
city resort in Zug incorporating the two leading business hotels Parkhotel
Zug and City Garden, augmented by a range of restaurant outlets. As at
December, 2015, the total portfolio was CHF 1.2 billion.
Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker
symbol: ZUGN; securities number: 14 805 212).
---------------------------------------------------------------------------
Language: English
Company: Zug Estates Holding AG
Industriestrasse 12
6300 Zug
Switzerland
Phone: +41 41 729 10 10
E-mail: ir@zugestates.ch
Internet: www.zugestates.ch
ISIN: CH0148052126, CH0148052118
Valor: A1J0M6
Listed: Regulated Unofficial Market in Stuttgart; Open Market in
Frankfurt ; SIX
End of News EQS Group News Service
---------------------------------------------------------------------------
436657 12.02.2016
income before depreciation and revaluation rises by 5% to CHF 39.6
million, while income from the revaluation of investment properties (net)
amounts to CHF 50.6 million.
In the 2015 financial year, the Zug Estates Group achieved a good operating
result before depreciation and revaluation of CHF 39.6 million, 5% more
than in the previous year. Income from the revaluation of investment
properties (net) rose by CHF 29.3 million year-on-year to CHF 50.6 million.
Taking account of the investments and a land consolidation measure totaling
CHF 46.9 million, as well as the disposal of properties with a market value
of CHF 26.7 million, the market value of the Zug Estates Group's portfolio
rose 7% to CHF 1.2 billion as at December 31, 2015.
The successful positioning of the Suurstoffi site in Risch Rotkreuz as a
premium residential and business location, the on-schedule completion of
phase two of Suurstoffi and successful leases played a major role in the
revaluation result. "The valuation reflects the strong appeal of our sites
in Zug and Risch Rotkreuz," explained Group CEO Tobias Achermann. "Both the
location and nature of our properties give them excellent qualities.
Furthermore, our portfolio's usage mix is balanced, with about 30%
residential property and significant development reserves, which we will
develop over the next few years." Owing to the good operating result and
the substantial surplus from the revaluation of investment properties
(net), the 2015 figure for net income (over CHF 67 million) will be
significantly above the previous year's figure of CHF 45.1 million.
Further information on business in 2015 and the full Annual Report for 2015
will be published on March 11, 2016.
End of ad hoc announcement
+++++
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=TLQBHICHHF
Document title: Zug Estates finishes 2015 with a significant increase in net
income
---------------------------------------------------------------------------
12.02.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
The Zug Estates Group conceives, develops, markets and manages properties
in the Zug region. It focuses on centrally located sites suitable for a
wide range of uses and with potential for sustainable development. A large
part of the real estate portfolio is located at two sites in Zug and Risch
Rotkreuz and is broadly diversified by type of use. The Group also runs a
city resort in Zug incorporating the two leading business hotels Parkhotel
Zug and City Garden, augmented by a range of restaurant outlets. As at
December, 2015, the total portfolio was CHF 1.2 billion.
Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker
symbol: ZUGN; securities number: 14 805 212).
---------------------------------------------------------------------------
Language: English
Company: Zug Estates Holding AG
Industriestrasse 12
6300 Zug
Switzerland
Phone: +41 41 729 10 10
E-mail: ir@zugestates.ch
Internet: www.zugestates.ch
ISIN: CH0148052126, CH0148052118
Valor: A1J0M6
Listed: Regulated Unofficial Market in Stuttgart; Open Market in
Frankfurt ; SIX
End of News EQS Group News Service
---------------------------------------------------------------------------
436657 12.02.2016
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte