Warimpex Financial Outlook Amidst Imbalanced Growth

Recent research by East Value Research GmbH on Warimpex Finanz- und Beteiligungs AG reveals mixed financial results. During the first half of 2026, the company showed improvements, yet a one-off remeasurement gain of EUR 3.9 million was crucial for net income. Without it, figures would have been negative. Out of 145 apartments in the MOG31 project, 57 have been purchased and 3 reserved. Sales are expected to pick up as completion approaches in late 2027, stimulated by individual buyers.

The Investment Properties segment saw a revenue increase of 12.3% year-on-year, reaching EUR 7.8 million, while the Hotels segment encountered a 3.7% revenue decline to EUR 2.2 million, though EBITDA turned positive due to cost optimizations. East Value Research adjusted estimates for 2026E–29E due to the uncertain recovery in the Hotels sector and rising financing costs.