EPH European Property Holdings' Financial Outlook Improves

Improved Financial Outlook for EPH European Property Holdings PLC

EPH European Property Holdings PLC recently shared insights regarding its financial performance outlook for the first half of the year. The Company anticipates a loss significantly lower than the previous year's figures, highlighting a positive shift in its operations and the real estate market.

Anticipated Loss Reduction

The Company, known simply as EPH, expects to record a loss of around EUR 13-15 million for the first half of 2024. This is a notable improvement compared to the substantial loss of EUR 132 million reported during the same timeframe last year.

Context of Previous Losses

A considerable portion of the previous year's loss — approximately EUR 103 million — stemmed from discontinued operations. Fortunately, these losses will not impact the ongoing operations moving forward, suggesting a recovery and stabilization of the Company's business activities.

Progress in Continuing Operations

Focusing on continuing operations, EPH has shown a marked decrease in losses, dropping from EUR 28.87 million in the first half of 2023 to an anticipated EUR 13-15 million this year. This positive development is attributed to several factors:

Factors Contributing to Improvement

• Strengthened operational results across the company's property portfolio.
• Stable occupancy rates.
• Active asset management strategies.
• Rent indexations that have positively affected revenue streams.

Furthermore, the revenue from properties increased by approximately 11% compared to last year, signaling a robust recovery in this segment of the market.

Addressing Investment Property Revaluations

While the Company acknowledges impending losses due to the revaluation of its investment properties — caused by rising capitalization and discount rates — these anticipated losses are significantly lessened compared to last year. This indicates a healthful trend in the recovery of real estate markets, particularly in Germany and Austria.

Future Financial Reports

The figures related to EPH's performance for the first half of 2024 are preliminary. They are pending finalization and the unaudited results are expected to be published shortly. Stakeholders can expect a complete review by the end of September 2024, but further details about the Group's performance won't be shared before this date.

About EPH European Property Holdings PLC

As a prominent investment company listed on the SIX Swiss Exchange, EPH focuses on enhancing value through its European property interests. The Company is strategizing for sustained growth and stability in the evolving real estate landscape.

Contact Information

For further inquiries regarding EPH, individuals can reach Anna Bernhart via telephone at +41 44 503 5400 or email at contact@europeanpropertyholdings.com.

Frequently Asked Questions

What is the expected loss for EPH in the first half of 2024?

EPH anticipates a loss of approximately EUR 13-15 million for the first half of 2024.

How does the anticipated loss compare to previous years?

This represents a significant improvement compared to a EUR 132 million loss reported during the same period last year.

What factors are contributing to EPH's improved performance?

Factors include stable occupancy rates, effective asset management, and an increase in revenue from properties due to rent indexations.

Is the loss related to discontinued operations impacting current results?

No, the losses from discontinued operations are no longer affecting the ongoing operations of the Company.

When will more detailed financial results be available?

The unaudited results for the first half of 2024 will be published by the end of September 2024.

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