![](https://assets-today.com/wp-content/uploads/2024/03/Default_S_IMMO_Records_Growth_in_Revenue_and_Profitability_Reg_0-1024x683.jpg)
“S IMMO Achieves Growth in Revenues and Profitability”
S IMMO has reported impressive financial results, showcasing a notable increase in total revenues, which surged from €119.6 million in the previous year to €161.4 million.
The surge in rental income to €93.9 million, compared to €73.0 million in HY 2022, is attributed to the positive impact of acquiring properties with higher yields.
Furthermore, revenues from hotel operations saw a substantial uptick, reaching €31.4 million compared to €23.7 million in HY 2022. This increase aligns with the robust recovery of travel across Europe. The result from hotel operations also experienced a significant rise, reaching €8.0 million, up from €5.2 million in HY 2022.
The company’s gross profit witnessed an impressive improvement of over 35 percent, soaring to €86.0 million, while EBITDA surged by almost 40 percent to €68.1 million.
Radka Doehring, Member of the Management Board, expressed pride in S IMMO’s enhanced key figures, particularly highlighting the substantial increases in rental income and gross profit. Doehring also commended the entire team at S IMMO for their exceptional progress in achieving synergies through the company’s framework agreement with IMMOFINANZ and CPIPG.
“S IMMO Reports Valuation Challenges and Net Loss”
During the first half of 2023, S IMMO encountered valuation challenges, particularly evident in Germany, where the company’s properties demonstrated lower yields. This resulted in a negative valuation outcome of €-80.8 million for the specified period. As a consequence of these non-cash effects, the consolidated net result for the period reflected a loss amounting to €-40.2 million.
“Strategic Acquisitions and Sales Drive S IMMO’s Growth”
In the initial half of 2023, S IMMO persisted with its strategic plan of divesting German residential and commercial properties. Since the strategy was updated in the previous autumn, the company has inked sales agreements for 167 properties in Germany, totaling a value of €617 million. While some transactions are still undergoing finalization, S IMMO is actively exploring additional sales opportunities, targeting properties in Germany valued at over €340 million.
Proceeds from these strategic sales have been reinvested into acquiring higher-yielding properties. Notably, in July 2023, S IMMO acquired the Twin Towers situated in Vienna’s Wienerberg area. These twin office towers boast a combined gross lettable area of approximately 66,000 sqm, generating an annual rental income of €12.6 million.
Herwig Teufelsdorfer, Member of the Management Board, remarked, “Our strategic approach of divesting residential and commercial properties in Germany and channeling the liquidity gained into high-yield assets is proving successful. Operational achievements underscore that S IMMO is on a trajectory of growth.
The recent acquisitions made in the past months are bolstering earnings significantly, while also fortifying our future revenue potential.”
“Market Performance and Green Bond Issuance Boost S IMMO’s Financial Standing”
By the end of June 2023, the S IMMO share was valued at €12.20, reflecting a year-to-date performance of -2.24 percent. Despite this marginal decrease, S IMMO remained resilient in the market.
In July 2023, the company took a significant step by issuing a €75 million 5-year green bond, featuring a competitive coupon rate of 5.5 percent per annum. This green bond, aimed at financing environmentally sustainable projects, garnered substantial interest primarily from local investors.
S IMMO’s ability to successfully launch the green bond underscores its strong relationships with banking institutions and bond investors, further solidifying its position in the capital market. This move not only diversifies S IMMO’s funding sources but also aligns with its commitment to sustainability and responsible investing practices.
“ESG Strategy and Strategic Focus Propel CPI Property Group and S IMMO Forward in 2023”
In a concerted effort to enhance environmental, social, and governance (ESG) practices, CPI Property Group and S IMMO have jointly developed and adopted a comprehensive ESG strategy by the end of August.
This unified strategy encompasses ambitious goals aimed at reducing energy, water, and greenhouse gas intensities by 2030, transitioning to 100 percent renewable energy sources for electricity procurement, and increasing the proportion of certified buildings within their portfolios.
Moreover, initiatives such as the implementation of green lease contracts, mandatory compliance training, and a training quota for all employees are underway, underscoring their commitment to sustainability across all facets of their operations.
For S IMMO, steadfast continuity and a focus on core business activities remain pivotal. The company remains dedicated to acquiring, leasing, and effectively managing high-yield properties to bolster long-term cash flow.
Against this backdrop, S IMMO is steadfast in its commitment to optimizing its portfolio through strategic asset management and prudent investments in properties with higher yield potential. Furthermore, the company remains committed to maintaining a conservative capital structure to ensure financial stability amidst evolving market conditions.
п»їbest mexican online pharmacies: cmq pharma – mexico pharmacies prescription drugs
mexican pharmaceuticals online
https://cmqpharma.com/# mexican drugstore online
buying prescription drugs in mexico
mexican rx online: cmq mexican pharmacy online – mexican pharmaceuticals online
legitimate canadian pharmacy online: northern pharmacy canada – canadian family pharmacy
indian pharmacy paypal: online shopping pharmacy india – best india pharmacy
canadapharmacyonline best rated canadian pharmacy canada drugs online reviews
https://indiapharmast.com/# pharmacy website india
buying prescription drugs in mexico buying prescription drugs in mexico online п»їbest mexican online pharmacies
https://canadapharmast.online/# best canadian online pharmacy reviews
canadian mail order pharmacy: ed drugs online from canada – legitimate canadian pharmacy
medicine in mexico pharmacies: mexico pharmacy – mexico drug stores pharmacies
mexico drug stores pharmacies pharmacies in mexico that ship to usa mexican drugstore online
pharmacy rx world canada: reliable canadian pharmacy reviews – my canadian pharmacy reviews
purple pharmacy mexico price list: mexico drug stores pharmacies – mexico pharmacy
india online pharmacy: indian pharmacy – indian pharmacies safe
http://foruspharma.com/# mexico drug stores pharmacies
п»їlegitimate online pharmacies india: top online pharmacy india – pharmacy website india
buy medicines online in india: indian pharmacy paypal – online pharmacy india
canadian pharmacy checker: canadian pharmacy no scripts – best canadian pharmacy
http://canadapharmast.com/# best online canadian pharmacy
online shopping pharmacy india indian pharmacies safe top online pharmacy india
best online canadian pharmacy: canadianpharmacymeds – canadian pharmacy online reviews
mexico drug stores pharmacies: mexican drugstore online – medication from mexico pharmacy
drugs from canada: canada drugs online review – canadian pharmacy prices
online pharmacy india reputable indian pharmacies online pharmacy india
mexican mail order pharmacies: mexico pharmacy – mexican rx online
mexico drug stores pharmacies: best online pharmacies in mexico – mexican rx online
best canadian online pharmacy: onlinecanadianpharmacy – canadian drugs
https://foruspharma.com/# reputable mexican pharmacies online
escrow pharmacy canada: best online canadian pharmacy – online canadian pharmacy review
top online pharmacy india india pharmacy mail order п»їlegitimate online pharmacies india
mexican online pharmacies prescription drugs: mexican mail order pharmacies – mexican mail order pharmacies
http://indiapharmast.com/# top online pharmacy india
mexican pharmacy: purple pharmacy mexico price list – п»їbest mexican online pharmacies
https://doxycyclinedelivery.pro/# doxycycline prescription cost
http://clomiddelivery.pro/# where to get generic clomid without rx
ciprofloxacin mail online: purchase cipro – buy cipro online usa
buy cipro online canada: ciprofloxacin mail online – cipro pharmacy
https://ciprodelivery.pro/# purchase cipro
https://ciprodelivery.pro/# purchase cipro
ciprofloxacin 500 mg tablet price: buy cipro without rx – ciprofloxacin over the counter
https://doxycyclinedelivery.pro/# doxycycline 1000 mg best buy
http://doxycyclinedelivery.pro/# doxycycline 150 mg cost comparison
can you buy generic clomid pills: how to buy cheap clomid online – order cheap clomid no prescription
https://doxycyclinedelivery.pro/# where can i buy doxycycline
https://amoxildelivery.pro/# amoxicillin 500 mg cost
can i get clomid prices: cost cheap clomid price – can you buy clomid without dr prescription
paxlovid covid: Paxlovid buy online – Paxlovid over the counter
https://clomiddelivery.pro/# where can i buy clomid
http://amoxildelivery.pro/# amoxicillin 500mg capsule buy online
http://amoxildelivery.pro/# amoxicillin 825 mg
generic clomid pill: can you get generic clomid pills – where can i buy clomid for sale
http://paxloviddelivery.pro/# paxlovid cost without insurance
generic for amoxicillin: amoxicillin capsule 500mg price – amoxicillin for sale online
http://ciprodelivery.pro/# cipro online no prescription in the usa
https://amoxildelivery.pro/# where can i buy amoxicillin over the counter
amoxicillin 500mg price canada: where can you buy amoxicillin over the counter – amoxicillin 500 mg price
http://ciprodelivery.pro/# buy ciprofloxacin
https://paxloviddelivery.pro/# paxlovid cost without insurance
azithromycin amoxicillin: where can i buy amoxocillin – amoxicillin generic
http://clomiddelivery.pro/# where can i get cheap clomid without insurance
doxycycline 100 mg tablets: doxycycline generic cost – doxycycline 100mg tablet price
amoxicillin capsules 250mg: how to get amoxicillin over the counter – where can i buy amoxicillin over the counter uk
cost of doxycycline canada: doxycycline 100mg uk – doxycycline cheapest uk
paxlovid pill: buy paxlovid online – paxlovid pill