Plazza expects operating result at previous year's level

Plazza AG expects an operating result before depreciation, amortization and revaluations of around CHF 20 million for the 2023 financial year, which is roughly on a par with the previous year. The value of the real estate portfolio is expected to exceed the billion-euro mark for the first time and the valuation result will break even. The real estate company writes this in an ad hoc release.

According to Plazza, one of the reasons for the "pleasing result" is the focus on residential properties in the mid-price segment in locations close to the city center, which guarantees stability and continuity.

Plazza will publish its annual report for 2023 on March 6, 2024. (ah)