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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Summit Germany | LSE:SMTG | London | Ordinary Share | GG00BJ4FZW09 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.185 | 1.18 | 1.19 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSMTG
RNS Number : 7392P
Summit Germany Limited
31 May 2018
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
Summit Germany Limited
(the "Company")
Q1 2018 Financial Results
31 May 2018
Summit Germany Limited, the AIM-listed German commercial property investment company, is pleased to announce its unaudited results for the period ended 31 March 2018:
Profits
-- Net profit increased 66% to EUR7.3 million (Q1-2017: EUR4.4million, FY 2017: EUR113.0 million)
-- Profit Before Tax (PBT) up 73% to EUR8.5 million (Q1-2017: EUR4.9 million, FY 2017: EUR128.7 million)
-- EBITDA of EUR11.3 million (Q1-2017: EUR7.8 million, FY 2017: EUR146.0 million) -- Gross profit of EUR14.6 million (Q1-2017:EUR12.8 million, FY 2017: EUR55.8 million)
NAV
-- EPRA NAV of EUR573.8 million (FY 2017: EUR572.9 million) -- EPRA NAV per share of EUR1.23 (FY 2017: EUR1.23) -- Group's NAV of EUR537.6 million (FY 2017: EUR533.3 million) -- Total Assets of EUR1,091.1 million (FY 2017: EUR1,057.1 million)
Rent
-- Rental income increased 13% to EUR15.9 million (Q1-2017: EUR14.1 million, FY 2017: EUR60.5 million)
-- Funds From Operations (FFO) 20% up to EUR10.1 million (Q1-2017: EUR8.4 million, FY 2017: EUR36.5 million)
For further information please contact:
Summit Germany Limited Tel: +44 (0) 1481 700 300 Zohar Levy - Managing Director Itay Barlev (Braun) - Finance Director Non-Executive Chairman Tel: +44 (0) 20 7451 7050 Harry Hyman Carey Group, Company Secretary Tel: +44 (0) 1481 700 300 Sara Bourne Liberum Capital Limited, Nominated Tel: +44 (0) 20 3100 2222 Adviser and Joint Broker Chris Clarke / Jill Li Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900 Mark Connelly Russell Kerr / Selwyn Jones (Broking)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 31, 2018 02:00 ET (06:00 GMT)
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