Conwert: Decline in Earnings Expected

Businessn.a. ♦ Published: May 26, 2012; 11:24 ♦ (Vindobona)

Analysts of Erste Group and RCB (Raiffeisen Centrobank) predice a decrease in net income and rental income at the Austrian real estate company.

Conwert: Decline in Earnings Expected / Picture: © Conwert

Next Tuesday, the real estate company Conwert presents its results for the first quarter of 2012. On average, Erste Group and RCB expect a rental income of € 50.2m, which is a decline by 6.8% against the first quarter of 2011 (€ 53.9m).

According to Erste Group, this is due to the lower real estate sales. “Last year, sales were high and investments in new properties were…

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