- €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.
For additional information contact:
Christoph Rainer
Head of Investor Relations & ESG
UBM Development AG
Mob.: + 43 664 80 1873 200
Email: christoph.rainer@ubm-development.com