conwert Confirms Outlook after Half-Year Results

Professional ServicesReal Estate ♦ Published: August 8, 2011; 12:52 ♦ (Vindobona)

The Austrian real estate company expects an operating result of between € 61m and € 63m for the first half of 2011 and an increase of 15% for the full year.

conwert Confirms Outlook after Half-Year Results / Picture: © Conwert

The Austrian ATX-traded conwert Immobilien Invest SE recorded sales revenues of around € 250m in the first half of 2011. The operating result (EBIT) for the first half of 2011 will be between € 61m and € 63m. Figures for the first six months show that conwert is above plan with regard to the goals set for the full-year 2011 to achieve sales revenues of € 600m overall and to…