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Basel, 16 May 2014 – HIAG Immobilien Holding AG (HIAG Immobilien), which specializes in the redevelopment and long-term use of former industrial sites, has published its financial report 2013.
In 2013, HIAG Immobilien achieved an EBITDA of CHF 86.6 million (2012: CHF 59.6 million) and a net income of CHF 77.9 million (CHF 55.2 million). The business result according to the recommendations issued by the European Public Real Estate Association (EPRA) came to CHF 28.6 million (CHF 19.2 million). Including the proceeds from the sale of condominiums, cash flow from business activities equaled CHF 47.8 million (CHF 38.8 million). The loan-to-value ratio amounted to 45.9% as of 31 December 2013 (31 December 2012: 42.2%). The average return on equity (RoE) from HIAG Immobilien's last three business years spanning from 2011 to 2013 came to around 14%. The increase in net asset value (NAV) according to EPRA recommendations of 19.3%, from CHF 500.7 million to CHF 597.3 million, as of the end of 2013 also includes a capital increase of CHF 34.6 million.
The complete financial report of HIAG Immobilien is available on: www.hiag.com/en/investors
Contact
Martin Durchschlag Chief Executive Officer T +41 61 606 55 28
| Laurent Spindler Chief Financial Officer T +41 61 606 55 23 |
HIAG Immobilien Holding AG
Aeschenplatz 7
4052 Basel
T +41 61 606 55 00
Disclaimer
This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of HIAG Immobilien and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. HIAG Immobilien assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.