UBM Improves Results

Western EuropeThe Netherlands ♦ Published: November 12, 2011; 17:21 ♦ (Vindobona)

The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.

UBM Improves Results / Picture: © Vindobona.org

In the first nine months of 2011, the Vienna-listed UBM real estate development group could raise its profits. EBT increased by 14.7% from € 7.5m (first nine months of 2010) to € 8.6m. Sales only went up by 0.4% from € 172.7m to € 173.4m.

The major part of UBM´s sales has been realized abroad. The Austrian share declined further to 11.6%, which corresponds to € 20m.…