PTA-Adhoc: UBM Development AG: UBM announces amended earnings guidance for the 2022 financial year

2/20/2023, 4:53 PM (Source: pressetext)
Vienna (pta040/20.02.2023/16:53) - * €30-31m EBT expected * €324m in cash as of 31.12.2022 * At €500m, equity within target corridor of 30-35% for equity ratio * Net debt slightly below €500m at year-end

Public disclosure of inside information according to article 17 MAR

Vienna (pta040/20.02.2023/16:53) -
* €30-31m EBT expected
* €324m in cash as of 31.12.2022
* At €500m, equity within target corridor of 30-35% for equity ratio
* Net debt slightly below €500m at year-end

Vienna, 20.02.2023 – UBM Development AG expects earnings before taxes of €30-31m for the 2022 financial year based on currently available data. In view of the ongoing standstill on the transaction market, this is a respectable result but is below the originally projected €38-42m. The underlying reasons involve delays in the receipt of permits and transfers which were expected by year-end 2022. UBM had €324m of liquid funds and an equity ratio which remained within the target corridor of 30-35% as of 31 December 2022. Net debt totalled €499m at year-end.

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emitter: UBM Development AG
address: Laaer-Berg-Straße 43, 1100 Wien
country: Austria
contact person: Christoph Rainer
phone: +43 664 80 1873 200
e-mail: investor.relations@ubm-development.com
website: www.ubm-development.com

ISIN(s): AT0000815402 (share), AT0000A23ST9 (bond), AT0000A2AX04 (bond), AT0000A2QS11 (bond), XS1785474294 (bond), XS2355161956 (bond)
stock exchanges: official trade in Vienna; scale in Frankfurt

[ source: https://www.pressetext.com/news/20230220040 ]