Investis records sales and profit growth
Investis Group increased its sales by 21% in fiscal year 2021. Net profit increased to CHF 201 million.
Stéphane Bonvin, CEO of the Investis Group, says that both segments - Properties and Real Estate Services - contributed to the "excellent results". Investis had exceeded all the targets the real estate company had set itself at the time of its IPO five years ago.
For fiscal 2021, Investis reports a sales increase of 21% to CHF 216 million (previous year: 179 million). The increase was achieved organically, but also through acquisitions. EBITDA before revaluations and gains on disposals rose from 46 million to 54 million. Higher cash flows from the properties and a further decline in the discount rate led to revaluation gains of 184 million, Investis added. Operating profit (EBIT) climbed from 136 million to 235 million. Net income reached 201 million, compared with 114 million a year earlier. Excluding revaluation effects, net income amounted to 41.3 million
Rental income rises, vacancy rate falls
According to Investis, the Properties segment achieved sales of 60 million (previous year: 58 million), with rental income increasing by 4%. Like-for-like rental income increased by 1.3%. Vacancy decreased from 3.0% to 2.2%. Target rental income amounted to 64.2 million at the end of the reporting year (previous year: 58.6 million). The segment's EBIT increased from 131 million to 225 million, including revaluation effects of 184 million. The real estate portfolio is worth 1.74 billion and at the reporting date comprised 171 buildings with 3,073 residential units.
The Real Estate Services segment recorded sales of 160 million (+28%). The rental volume under management increased to 1.51 billion (previous year: 1.42 billion). The EBIT margin reached 9.3% (previous year: 8.6%).
In fiscal year 2022, Investis intends to optimize the real estate portfolio with a focus on the Lake Geneva region and to focus on high-quality services and profitable growth in the Real Estate Services segment. The EBIT margin in the Services segment is expected to increase further. (ah)
