Vonovia Hits 2024 Targets, Sparks Growth Comeback!

• Vonovia concluded the 2024 financial year at the upper end of its guidance with an Adjusted EBITDA of €2.6 billion and full portfolio occupancy.
• The company completed 3,747 apartments in 2024 and plans to start constructing around 3,000 new units in 2025.
• Vonovia announced a significant dividend increase to €1.22 per share, representing a 36% rise from the previous year.
• The company expects Adjusted EBITDA for 2025 to be between €2.7 and €2.8 billion, with a positive outlook for growth until 2028, aiming for a 30% increase in EBITDA.
• Vonovia sold Deutsche Wohnen’s senior care company for €380 million, achieving its strategic goal of divesting all self-operated care facilities.
• The company plans to invest significantly in modernization and new builds, focusing on innovative technologies and climate protection, with a net zero standard announced for beyond 2045.

The next important date, Annual report for the fiscal year 2024, at Vonovia is on 19.03.2025.

The price of Vonovia at the time of the news was 25,75EUR and was up +0,39 % compared with the previous day.
16 minutes after the article was published, the price was 25,83EUR this corresponds to a plus of +0,29 % since publication.
At this time, the index DAX was at 23.363,00PKT (+0,02 %).

Vonovia

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+8,88 %

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-0,88 %

+14,49 %

-26,09 %

-29,89 %

+12,36 %

+68,65 %

ISIN:DE000A1ML7J1WKN:A1ML7J

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