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Sparkassen Immobilien AG: Significant EBIT Improvement
The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.
Sparkassen Immobilien AG: Significant EBIT Improvement / Picture: © Vindobona.org
Thanks to the widely diversified portfolio, S IMMO Group´s total revenues increased to € 174.9m. EBIT turned into the black.
S IMMO Group´s rental income in 2010 improved considerably to approximately € 104m (2009: € 87.6m). This increase of 18.8% is mainly attributed to the successful completion and letting of the two shopping centres, and to the additional rental…
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