Immofianz had EUR 347.05 million in net profit, EUR 295.96 million in EBIT in 2021

Immofinanz posted EUR 347.05mn consolidated net profit attributable to shareholders of the parent company in 2021 vs. EUR 167.01m loss a year earlier, the company said in the report.

The operating profit was EUR 295.96mn vs. EUR 12.65mn loss a year earlier.

Consolidated revenue amounted to EUR 375.05 million in 2021 compared to EUR 377.7 million a year earlier.

"Our plans assume a further increase in the portfolio to the level of EUR 6 billion in 2022 [compared to approx. EUR 4.5 billion at the end of 2021]. In the office segment, this means a further expansion of myhive in the capitals of our main countries. The number of STOP SHOP retail parks is expected to increase from the current level of 100 to around 140 locations by 2024. The focus is on the Adriatic region, including Italy and Croatia, Central and Eastern Europe and selected projects in Western Europe. The acquisition of more than 20 facilities at the end of 2021 is the basis for the nationwide establishment of our STOP SHOP in Croatia, and in March 2022 we took another step towards the development of the Italian growth market by acquiring a retail park of 33,000 m2 in Udine, ”the report reads.

The investment and development group Immofinanz AG has been listed on the main market of the Warsaw Stock Exchange since 2013 and on the Vienna Stock Exchange since 1996.

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