Conwert Announces Strong Growth in Revenues in the First Quarter of 2011

Published: May 20, 2011; 10:32 · (Vindobona)

The Vienna-based real estate company records a good business development and a 24% increase in EBIT.

Conwert Announces Strong Growth in Revenues in the First Quarter of 2011 / Picture: © Vindobona.org

conwert Immobilien Invest SE, which is listed on the Vienna Stock Exchange, reported strong operating growth in the first quarter of 2011. In comparison to the prior-year reference quarter, revenues increased by 37% to € 126.8m, earnings before interest and taxes improved by 24% to € 27.6m, and earnings before interest, taxes, depreciation and amortization rose by 21% to € 30.2m.…

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