EQS-Adhoc
Very successful first half-year for Mobimo
EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Half Year Results
Very successful first half-year for Mobimo
04.08.2016 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
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Very successful first half-year for Mobimo
04.08.2016 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
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Press release
Very successful first half-year for Mobimo
- Rise in profit to CHF 89.8 million (HY: CHF 35.8 million)
- Marked 74.9% rise in EBIT to CHF 105.2 million (HY 2015: CHF 60.2
million)
- Increase in profit on the sale of trading properties and development
services to CHF 17.0 million (HY 2015: CHF 1.3 million)
- 7.9% increase in rental income to CHF 56.8 million (HY 2015: CHF 52.6
million)
Lucerne, 4. August 2016 - In the first half of 2016, Mobimo achieved a
significant increase in profit from trading properties and development
services and further growth in rental income. The demand in the transaction
market was also taken advantage of with the sale of two investment
properties. The positive gains from revaluation likewise contributed to the
excellent half-year result.
In the first half of 2016, Mobimo generated a profit of CHF 89.8 million
including revaluation in a more stable economic environment than expected.
Profit attributable to shareholders excluding revaluation totalled CHF 74.2
million. Profit on the sale of trading properties and development services,
the further growth in rental income and the sale of two investment
properties at attractive prices in particular resulted in the company
recording the best half-year result since its founding. Furthermore, Mobimo
posted positive gains from revaluation and a non-recurring deferred tax
item. Earnings per share including revaluation stood at CHF 14.39 (CHF
11.93 excluding revaluation). As a result, the foundations have already
been put in place in the first half of the year to pay out a dividend at
the same level as the previous year (CHF 10.00).
Rising income from rental properties and the integration of FM Service &
Dienstleistungs AG
Income from rental properties rose by 7.9% to CHF 56.8 million (HY 2015:
CHF 52.6), whereby the composition of revenue was only partially comparable
with the prior-year period. Mobimo sold investment properties with a
carrying amount of some CHF 230 million in the last twelve months, bought
the portfolio of Dual Real Estate Investment SA (market value of CHF 241.7
million as at 31 December 2015) in Geneva at the end of 2015 and handed
over the newbuild Letzihof in Zurich with 72 apartments to tenants in
Very successful first half-year for Mobimo
- Rise in profit to CHF 89.8 million (HY: CHF 35.8 million)
- Marked 74.9% rise in EBIT to CHF 105.2 million (HY 2015: CHF 60.2
million)
- Increase in profit on the sale of trading properties and development
services to CHF 17.0 million (HY 2015: CHF 1.3 million)
- 7.9% increase in rental income to CHF 56.8 million (HY 2015: CHF 52.6
million)
Lucerne, 4. August 2016 - In the first half of 2016, Mobimo achieved a
significant increase in profit from trading properties and development
services and further growth in rental income. The demand in the transaction
market was also taken advantage of with the sale of two investment
properties. The positive gains from revaluation likewise contributed to the
excellent half-year result.
In the first half of 2016, Mobimo generated a profit of CHF 89.8 million
including revaluation in a more stable economic environment than expected.
Profit attributable to shareholders excluding revaluation totalled CHF 74.2
million. Profit on the sale of trading properties and development services,
the further growth in rental income and the sale of two investment
properties at attractive prices in particular resulted in the company
recording the best half-year result since its founding. Furthermore, Mobimo
posted positive gains from revaluation and a non-recurring deferred tax
item. Earnings per share including revaluation stood at CHF 14.39 (CHF
11.93 excluding revaluation). As a result, the foundations have already
been put in place in the first half of the year to pay out a dividend at
the same level as the previous year (CHF 10.00).
Rising income from rental properties and the integration of FM Service &
Dienstleistungs AG
Income from rental properties rose by 7.9% to CHF 56.8 million (HY 2015:
CHF 52.6), whereby the composition of revenue was only partially comparable
with the prior-year period. Mobimo sold investment properties with a
carrying amount of some CHF 230 million in the last twelve months, bought
the portfolio of Dual Real Estate Investment SA (market value of CHF 241.7
million as at 31 December 2015) in Geneva at the end of 2015 and handed
over the newbuild Letzihof in Zurich with 72 apartments to tenants in
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