EPIC Suisse releases high level Q3 2022 numbers in line with majority shareholder's reporting obligations

EPIC Suisse AG / Key word(s): Quarter Results EPIC Suisse releases high level Q3 2022 numbers in line with majority shareholder's reporting obligations 28-Nov-2022 / 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. Media release - Ad hoc announcement pursuant to Art. 53 LR

Zurich, 28 November 2022

 

EPIC Suisse releases high level Q3 2022 numbers in line with majority shareholder's reporting obligations

EPIC Suisse AG (the “Company” and “EPIC”, the consolidated group; SIX: EPIC), publishes today high-level figures¹ for the period 1 January 2022 to 30 September 2022 in parallel with its majority shareholder, Alrov Properties & Lodgings Ltd (the “Alrov Group”):

• Fair value of the portfolio as at 30 September 2022 totals CHF 1.49 billion split into Investment properties in operation at CHF 1’449 million (31 Dec 2021: CHF 1’434 million) and Investment properties under development / construction at CHF 44 million (31 Dec 2021: CHF 32 million)
• Total income (defined as rental income and other income) for Investment properties in operation for the 9-month period 2022 amounts to CHF 46.9 million
• Total bank debt as at 30 September 2022 is CHF 596 million (31 Dec 2021: CHF 733 million²)
• The IFRS NAV stands at CHF 814 million as at 30 September 2022 (31 Dec 2021: CHF 578 million)

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¹ In line with the Q3 / 9-month 2022 report published today by EPIC co-founder and majority shareholder Alrov Group on the Tel-Aviv Stock Exchange.

² Excluding the corporate bank debt at the level of the Company, which was fully repaid following the IPO.

Financial calendar

Annual Report 2022:	27 March 2023
Annual General Meeting of Shareholders:	26 April 2023

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