logo
Plus   Neg
Share
Email

Vonovia SE H1 Adj. EBITDA Rises - Quick Facts

Vonovia SE (DAIMF) reported that its first half IFRS EBITDA was 877.4 million euros, up 8.1 percent from a year ago. Adjusted EBITDA total increased by 8.0% to 942.2 million euros from 872.8 million euros, prior year. Group FFO (operating earnings) rose by 11.0% to 676.3 million euros from 609.1 million euros.

First half income from property management was 1.56 billion euros, an increase of 8.7 percent from previous year.

The Group said it is currently observing stable demand for rental apartments and no negative impact on market values as a result of the coronavirus pandemic.

"We have weathered the coronavirus crisis well so far," said CEO Rolf Buch.

For fiscal year, the company projects adjusted EBITDA Total to be within the range of the most recently published guidance, between 1.875 billion euros and 1.925 billion euros. Group FFO is likely to come in the range of between around 1.275 billion euros
and 1.325 billion euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Euromarket Designs, Inc., doing business as CB2, has recalled Junction tall chests and low dressers citing tip-over and entrapment hazards to children, according to the U.S. Consumer Product Safety Commission. The Chicago, Illinois - based company has called back about 11,000 units sold in the United States and about 355 units sold in Canada. Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the fourth-quarter that increased 23.3 percent from last year, led by display and memory chip businesses.Quarterly revenue grew 2.8 percent from the prior year. The company expects overall profit to weaken in the first quarter of 2021. Facebook Inc. (FB) Wednesday reported a fourth-quarter profit that increased from a year ago, driven largely by 33% growth in revenues. The social media giant's earnings and revenues for the quarter trumped Wall Street estimates, but the company warned of "significant uncertainty" in 2021. Menlo Park,...
RELATED NEWS
Follow RTT