VERIANOS Real Estate Aktiengesellschaft: Financial objectives for 2017 achieved - annual financial statement confirmed
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:
In EURk 2017 2016 2015 2014 Balance Sheet 23,803 19,493 14,311 11,218 Shareholder Equity 15,364 10,891 9,332 8,226 Equity (%) 64.5% 55.9% 65.2% 73.3% Turnover (incl. income from investments) 8,312 7,770 5,255 4,333 Turnover yr-to-yr change (%) 6.98% 47.86 % 21.28% 38.31% Yield on turnover 23.08% 20.06% 20.23% 9.97% Group Result 1,918 1,559 1,063 432 Further information on VERIANOS Real Estate Aktiengesellschaft are available on www.verianos.com. This publication constitutes neither an offer to sell nor an invitation to make an offer to buy securities. IR contact: VERIANOS Real Estate Aktiengesellschaft Investor Relations Christian Bähringer, esq. Bethmannstraße 56 60311 Frankfurt am Main Germany T +49 69 69768880 F +49 69 69768889 Mail: email@example.com Company contact: VERIANOS Real Estate Aktiengesellschaft Gürzenichstraße 21 50667 Köln Germany T +49 221 20046100 F +49 221 20046140 Mail: firstname.lastname@example.org
17-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: VERIANOS Real Estate Aktiengesellschaft Gürzenichstraße 21 50667 Cologne
Germany Phone: +49 221 20046100 Fax: +49 221 20046140 E-mail: email@example.com Internet: www.verianos.com ISIN: DE000A0Z2Y48 WKN: A0Z2Y4 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart End of Announcement DGAP News Service
687329 17-May-2018 CET/CEST