Orascom Development Holding AG Unveils Consolidated Financial Results for FY 2023

• Orascom Development Holding AG released its consolidated financial results for FY 2023, with real estate sales of CHF 704.2 million and a net profit of CHF 54.4 million.
• Total revenues for FY 2023 were CHF 655.2 million, with an adjusted EBITDA of CHF 174.4 million and a 26.6% margin.
• Despite the devaluation of the EGP, real estate sales remained stable, indicating strong operational performance.
• The hospitality portfolio saw a 19.4% increase in revenues, reaching CHF 170.1 million, despite ongoing tension in the Middle East.
• The company fulfilled Oman's minimum building obligation by adding 123 rooms to Al Fanar Hotel in Hawana Salalah.
• For Q4 2023, total revenues increased by 0.9% to CHF 232.4 million, with an adjusted EBITDA of CHF 61.1 million and a margin of 26.3%.

The next important date, Quarterly report, at Orascom Development Holding is on 26.03.2024.

Orascom Development Holding

-0,47 %

-3,62 %

-10,23 %

-17,22 %

-39,04 %

-53,60 %

-70,12 %

-32,78 %

ISIN:CH0038285679WKN:A0NJ37

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