Implenia achieves its annual target
The construction group's consolidated earnings made a big leap in 2023 - boosted by the reversal of deferred taxes. Because the Real Estate division had contributed profits from large sales in the previous year, EBIT fell.
Construction group Implenia has achieved its main target for 2023. With EBIT of CHF 122.6 million (currency-adjusted CHF 126.5 million), Switzerland's largest construction group was significantly below the previous year (CHF 138.9 million), but above the forecast figure of CHF 120 million. In the first half of 2022, extraordinary sales in the Real Estate division contributed significantly to the profit.
EBIT in the Real Estate division fell from CHF 81.1 million to CHF 40.5 million. This includes a market-related valuation adjustment of CHF -4.2 million from the investment in Ina Invest. Following a number of divestments and new investments in attractive locations in Switzerland, the book value of the real estate portfolio increased from CHF 141 million to CHF 149 million over the course of the year.
The Group's sales increased marginally from CHF 3.54 billion to around CHF 3.6 billion; adjusted for currency effects, they were significantly higher than in the previous year. The EBIT margin decreased from 3.9 to 3.4%. The order backlog remained at a high level of CHF 7.3 billion after adjustment for currency effects.
The Group result jumped from CHF 106.0 million to CHF 141.8 million - a new record. According to the press release, the capitalization of deferred tax assets on loss carryforwards contributed to this in addition to the operating performance. (aw)
