VERIANOS Real Estate Aktiengesellschaft: Financial objectives for 2017 achieved – annual financial statement confirmed
VERIANOS Real Estate Aktiengesellschaft / Key word(s): Final Results
17-May-2018 / 16:33 CET/CEST
Financial objectives for 2017 achieved – annual financial statement confirmed
Frankfurt am Main, 17.05.2018 – The supervisory board of VERIANOS Real Estate Aktiengesellschaft has in today’s board meeting acknowledged and confirmed the certified annual and consolidated financial statements of VERIANOS Real Estate Aktiengesellschaft for the financial year 2017.
The consolidated annual result improved by EUR 359k compared to the previous year to now EUR 1,918k and is thus at the upper end of the previously defined target range of EUR 1,600k to EUR 2,000k.
Profit for the financial year 2017 increased by 23% due to a – compared to the previous year – increased turnover (including income from co-investment participations) as well as an improved financial result.
The targeted profit margin of 20% on turnover could also be exceeded in 2017. Return on equity was 12.48%.
For the year 2018 we strive to further improve our financial results – for the sixth year in a row.
Key figures for VERIANOS Real Estate Aktiengesellschaft for the financial year 2017:
17-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||VERIANOS Real Estate Aktiengesellschaft|
|Phone:||+49 221 20046100|
|Fax:||+49 221 20046140|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart|
|End of Announcement||DGAP News Service|