Investis: Sales and EBIT increase
In the 2016 financial year, the real estate company Investis increased sales by three percent to CHF 162 million, while EBIT rose by as much as 27 percent to CHF 76.4 million.
According to Investis, both business units - Properties and Real Estate Services - contributed to the sales growth. On the existing portfolio, the company recorded valuation gains of 46.6 million. Investis sees this as confirmation of its strategy of focusing on residential properties in prime locations in the Lake Geneva region.
Overall, Investis increased its operating profit (EBIT) by 27 percent from 60.2 to 76.4 million. At 45.1 million, net profit was slightly up on the previous year (44.6 million). Net book value (NAV) per share excluding deferred taxes related to investment properties increased from CHF 52.93 in the previous year to CHF 54.85.
The acquisitions and revaluation gains resulted in an increase in the real estate portfolio to 981 million (previous year: 857 million). At the end of 2016, the portfolio comprised 136 properties with 2,334 residential units.
Group Management to be expanded
Investis announced at the same time that it will expand the Executive Board as of April 1: Dieter Sommer, CEO of Privera since 2014, and Walter Eberle (CEO Hauswartprofis since 2009 and CEO Treos since January 2017) will join the board.
The management of the Real Estate Services segment will be divided between the two business activities Property Management and Facility Management. Dieter Sommer will take charge of Property Management and Walter Eberle will be responsible for Facility Management.
Catherine Dubey, who has been responsible for building up the Real Estate Services segment in recent years, will now focus on development activities in the Properties segment and will step down from the Executive Board.
