EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Miscellaneous
Mobimo expects development activities for third parties to make a lower contribution to results in 2019
Lucerne, 15 October 2019 - Mobimo is delivering a solid performance in the 2019 financial year. Rental income is growing according to plan, the completion and integration of the new development sites is going smoothly, as expected, and operational activities relating to the development and management of the portfolio continue to lay the foundation for valuation gains.
However, project delays mean that the naturally volatile contribution to results from development activities for third parties will remain low in the second half of 2019 rather than rising substantially as forecast at the end of the first half of the year. The time required for official approval procedures postpones the planned realisations of profit beyond the end of the year.
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End of ad hoc announcement
889037 15-Oct-2019 CET/CEST