Conwert: Decline in Earnings Expected

Business › n.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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Haselsteiner to Leave Strabag Earlier (May 4, 2012)
Conwert: Haselsteiner Holds 24% (April 27, 2012)
Conwert Establishes Joint Venture in Germany (April 27, 2012)
Massive Increase in Revenues at Conwert (March 28, 2012)
Haselsteiner Buys 15% Stake in Conwert (March 14, 2012)
Read More
Conwert, Real Estate Industry, Forecasts
Featured
See latest Vindobona Newsletter