on UNITI (EPA:ALUNT)
UNITI: Annual results up despite a difficult market in 2024
Residential real estate specialist UNITI announced a 0.5% increase in revenue to €161.4 million in 2024. EBIT increased 14% to €13.5 million. This result was driven by strong expense control and rigorous operational management. Consolidated net income jumped 62.1% to €4 million. UNITI strengthened its equity by €40 million through a capital increase, reducing gearing to 0.6.
The order book stands at €1,600 million, auguring a portfolio of 8,800 housing units to be delivered. The company has maintained its strategy of subsidized housing and affordable managed residences. UNITI plans to continue its growth by adapting to positive developments in the real estate market.
R. E.
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