Vonovia Nine-Month Profit Fell; Backs 2022 View
November 04 2022 - 2:54AM
Dow Jones News
By Kim Richters
Vonovia SE said Friday that profit fell in the first nine months
of the year, and it backed its outlook for 2022.
The German real-estate company said aftertax profit in the
period fell to 2.21 billion euros ($2.15 billion) from EUR3.87
billion a year earlier.
However, adjusted earnings before interest, taxes, depreciation
and amortization for the group rose to EUR2.11 billion from EUR1.54
billion.
Group funds from operations--a company key figure also called
FFO--increased to EUR1.58 billion from EUR1.17 billion
year-prior.
The company backed its guidance for 2022, saying it expects
total segment revenue of EUR6.2 billion-EUR6.4 billion, adjusted
Ebitda of EUR2.75 billion-EUR2.85 billion and group FFO of EUR2.0
billion-EUR2.1 billion.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 04, 2022 02:39 ET (06:39 GMT)
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