VNA Vonovia SE

   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)

Copyright (c) 2022 Dow Jones & Company, Inc.