S IMMO AG: Significantly increased consolidated net income expected

Press release

The management board of S IMMO AG expects results from property valuation to exceed last year’s figure (Results from property valuation 2017: EUR 127.6m) and thus consolidated net income to significantly surpass last year’s results (Consolidated net income attributable to shareholders in parent company 2017: EUR 130.1m) as well as a significant increase in NAV.

CEO Ernst Vejdovszky comments: “The once again strong results from property valuation are based on a strong operative performance, a positive environment in the markets of S IMMO and above all the result of the consistent implementation of our cycle-oriented strategy.”

The annual results 2018 will be published on 03 April 2019.