InCity Immobilien Ends FY 2023 with €6M Loss, Maintains Stability & Hidden Reserves

• InCity Immobilien AG closed fiscal year 2023 with a consolidated loss of EUR 6.0 million according to HGB, and a net loss of EUR 9.7 million for the single-entity financial statements.
• The results were characterized by a decrease in EBITDA and two extraordinary depreciations.
• Despite the losses, the company maintains a high equity ratio, indicating a stable financial situation.
• The net asset value was EUR 1.30 per share as of the balance sheet date (31 December 2022: EUR 1.66 per share).
• The property portfolio continues to feature high hidden reserves despite a decrease in market values.
• The company gives a cautiously optimistic outlook for 2024, despite expecting a clearly negative net income for the year.

The next important date, Publication of consolidated/annual financial statements, at InCity Immobilien is on 25.04.2024.

The price of InCity Immobilien at the time of the news was 1,0650EUR and was up +0,47 % compared with the previous day.

InCity Immobilien

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ISIN:DE000A0HNF96WKN:A0HNF9

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