Declining Sales at UBM

Lifestyle & TravelPersonal Real Estate ♦ Published: May 13, 2011; 18:20 ♦ (Vindobona)

The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.

Declining Sales at UBM / Picture: ©

Sales revenue of the UBM Group as of 31 March 2011 totalled € 31.0 m (previous year: € 36.3 m). Consequently, this corresponds to a decrease on the previous year of € 5.3 m. This performance is largely attributable to construction work in Poland and to the sale of a residential building in Germany. The primary segments are divided on a geographical basis into the business lines of…