VERIANOS Real Estate Aktiengesellschaft: Financial goals for 2016 reached – Annual financial statement confirmed
VERIANOS Real Estate Aktiengesellschaft / Key word(s): Miscellaneous
11-May-2017 / 17:53 CET/CEST
May 11, 2017
Financial goals for 2016 reached – Annual financial statement confirmed
The supervisory board of VERIANOS Real Estate Aktiengesellschaft has adopted and confirmed the certified annual and consolidated financial statement of VERIANOS Real Estate Aktiengesellschaft for the fiscal year 2016 in today’s board meeting.
The consolidated annual result increased by TEUR 496 compared to the previous year to TEUR 1,559 and is thus at the upper end of the previously defined target corridor of TEUR 1,200 to TEUR 1,500. With this, the annual result has now been improved for five consecutive years.
The increase in results of 46.7% compared to the previous year is based on participation income from several successful co-investments in our investment products and turnover revenues, which increased by TEUR 2,515 year-on-year to TEUR 7,770.
The target profit margin of 20% on turnover was surpassed in 2016. Return on equity reached 14.31%.
The current fiscal year 2017 proceeds as planned so that, from today’s perspective, we expect a further increase in results and the annual result 2017 within the range of the target corridor of TEUR 1,600 to TEUR 2,000.
Key figures for the financial year 2016:
|Company:||VERIANOS Real Estate Aktiengesellschaft|
|Phone:||0049 221 20046 100|
|Fax:||0049 221 20046 140|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Basic Board) in Frankfurt|
|End of Announcement||DGAP News Service|