Mobimo Holding AG
- WKN: 930290
- ISIN: CH0011108872
- Land: Schweiz
Nachricht vom 09.02.2018 | 07:00
Mobimo Holding AG: Mobimo records strong operational performance in 2017
Mobimo Holding AG / Key word(s): Final Results
Mobimo records strong operational performance in 2017
- After the record-breaking result of the previous year (CHF 159.4 million) that was largely due to revaluation, Mobimo generated another strong result,with profit of CHF 91.5 million.
- The company generated rental income of CHF 111.0 million, remaining at a similar level to the previous year (CHF 114.7 million).
- The vacancy rate continues to remain low at 4.9% (previous year: 4.8%).
- Profit attributable to trading properties and development services amounted to CHF 24.7 million, up from the prior year (CHF 23.9 million).
- A profit of CHF 27.5 million was generated from the sale of individual investment properties (previous year: CHF 34.9 million).
Lucerne, 9 February 2018 - Mobimo was well on course operationally in all areas in 2017. Stable rental income, profit from trading properties and development services as well as selective sales from the portfolio resulted in a pleasing EBIT excluding revaluation that was practically on a par with the previous year.
Mobimo can once again look back on a good financial year. The 2017 result was strongly shaped by operational performance again, whereas in the record-breaking years of 2015 and 2016 income from the sale of investment properties, high market-related upwards valuations and a positive non-recurring item relating to deferred taxes had been prominent. With EBIT amounting to CHF 142.3 million (prior year: CHF 200.3 million), Mobimo recorded the third-highest EBIT result in the history of the company. EBIT excluding revaluation totalled CHF 115.0 million (prior year: CHF 119.6 million) and was thus on a par with the previous year, which reflects the excellent performance of all operational activities. Mobimo achieved profit attributable to the shareholders of Mobimo Holding AG of CHF 91.6 million including revaluation and CHF 71.9 million excluding revaluation (prior year: CHF 158.7 million and CHF 99.4 million respectively). The corresponding earnings per share stood at CHF 14.74 and CHF 11.56 (prior year: CHF 25.52 and CHF 15.99). The Board of Directors will once again propose a distribution of CHF 10.00 per share at the forthcoming Annual General Meeting.
The profit generated by the sale of four investment properties, including three office and commercial properties, stands at CHF 27.5 million (prior year: CHF 34.9 million). As part of its property strategy, Mobimo will continue to take advantage of attractive transaction opportunities in the future with the aim of optimising its portfolio. During the reporting period, the Mobimo portfolio grew from CHF 2,766 million to CHF 2,799 million net.
Stable rental income with a persistently low vacancy rate
There were and still are slightly higher contract maturities than usual in 2017 and 2018. In light of this and in view of the increasingly competitive environment of the commercial space market, Mobimo considers its in-house management and facility management as well as its many years of development experience as valuable prerequisites for investment in long-term tenant retention and for maintaining a high level of occupancy.
Revaluation gains thanks to project development
Realisation on track
From the perspective of the pipeline, 2017 was a transitional year with only two smaller completions, both of which are in Lausanne - Les Garages with floor space for businesses, studios and galleries, as well as the Esplanade du Flon, the central square that has undergone comprehensive renovations in the Flon district. In 2018 as well as in 2019 and 2020 in particular, the abovementioned development projects as well as many others will be added to the portfolio, bringing additional rental income of over CHF 25 million.
Thanks to our high-quality portfolio featuring real estate in excellent locations as well as the attractive pipeline, Mobimo is optimally prepared to overcome the future challenges it will face on the market. The company will adhere to its proven strategy and business model, thus ensuring attractive distribution, and is looking to the future with great confidence.
A media and analysts' conference will take place today at 10.00 a.m.
A telephone conference in English for analysts and media representatives will take
Dial-in data: +41 44 580 10 22 | Conference ID: 2505739
End of ad hoc announcement
Anleihe der German Real Estate Capital S.A. stark überdurchschnittlich attraktiv
Die Anleihe der German Real Estate Capital S.A. weist aktuell eine Effektivverzinsung von ca. 14 % auf. Da es sich hier quasi um eine Immobilien-Anleihe handelt, ist das Anleiherisiko überschaubar. Insgesamt verfügt die German Real Estate-Gruppe über 6 Objekte, 24 Bestands- und 22 Handelsobjekte, womit eine Kombination aus stetigen Einnahmen und attraktiven Entwicklerrenditen erreicht wird. Wir stufen die Anleihe als stark überdurchschnittlich attraktiv ein.
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