EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Annual Results A challenging but successful financial year ›› Despite portfolio growth, net rental income was down slightly year on year as a consequence of coronavirus, at CHF 105.1 million versus CHF 106.7 million in 2019 Lucerne/Küsnacht, 5 February 2021 - Mobimo can look back on a challenging but nevertheless successful 2020. Net income from revaluation was CHF 34.3 million, reflecting to a large extent the value added by Mobimo's own development activities. Profit came in at a solid CHF 96.6 million. Like everyone else, Mobimo's year was dominated by the coronavirus pandemic, and the company devoted a great deal of attention to protecting employees' health, supporting commercial tenants affected by government measures and adapting to the new ways of cooperating and interacting. Thanks to its high level of digitalisation, diversified real estate portfolio and agile business model, Mobimo's annual results are pleasing on many levels despite the impact of the coronavirus crisis. Mobimo recorded EBIT of CHF 145.8 million (prior year: CHF 134.0 million), or CHF 111.5 million excluding revaluation (prior year: CHF 82.5 million). The company recorded profit attributable to the shareholders of Mobimo Holding AG of CHF 96.6 million (prior year: CHF 103.2 million) including revaluation and CHF 69.7 million (prior year: CHF 61.7 million) excluding revaluation. Earnings per share excluding revaluation were CHF 10.56. The Board of Directors will once again propose a distribution of CHF 10.00 per share to the Annual General Meeting on 30 March 2021, in the form of a nominal value repayment. Value added by Mobimo's own development projects Profit on development projects and sale of trading properties, which rose strongly to CHF 36.8 million in 2020 from CHF 3.0 million in the previous year, also provided a clear demonstration of the potential gains offered by the company's own development activities. The sale of projects with building permission to institutional investors and the positive response to the condominium development in Meggen in the canton of Lucerne contributed to this good performance. Rental income stagnates due to coronavirus The vacancy rate in the investment portfolio as at the end of 2020 was 5.5% (prior year: 3.8%). While initial and subsequent letting of residential properties remains dynamic, finding tenants for new commercial space is currently a real challenge. Sustainability embodied One of the key indicators of environmental sustainability performance - the emissions intensity of investment properties - was significantly reduced last year. Moreover Mobimo is about to define a CO2 reduction roadmap. Comfortable financial position Recent and forthcoming management changes Executive Board members Manuel Itten (CFO) and Marc Pointet (Head of Mobimo Suisse romande) and members of the Board of Directors Wilhelm Hansen and Dr. Christoph Caviezel left Mobimo in 2020 after many years of successful service. As previously announced, longstanding member Bernard Guillelmon will not be standing for re-election to the Board of Directors at the forthcoming Annual General Meeting. We will be sure to make the most of our last few weeks working together. The Board of Directors would like to thank all the former and departing members of both boards for their huge contribution and wish them all the very best for the future. Detailed reporting: ›› You can find the Annual Report 2020 on https://www.mobimo.ch/en For security reasons, our website www.mobimo.ch is only displayed with Internet Explorer version 11 and Windows 10 or higher. Please use the latest versions of alternative browsers such as Google Chrome, Firefox, Edge, Safari or Opera for unrestricted viewing of the website. Dial-in data: +41 44 580 65 22 | Conference ID: 94625533# Link to the presentation for call participants (no audio signal): Dial-in data: +41 44 580 65 22 | Conference ID: 50651730# Link to the presentation for call participants (no audio signal): Contact for analysts and investors: Contact for media: About Mobimo: With a broadly diversified real estate portfolio that has a total value of nearly CHF 3.4 billion, Mobimo Holding AG is one of the leading real estate companies in Switzerland. Its portfolio comprises residential and commercial properties, along with development properties both for the company's own portfolio and for third parties. The properties are in first-class locations in German-speaking and French-speaking Switzerland. The buildings are characterised by balanced diversification and diligent management. Mobimo uses its development projects to strengthen its income base and boost the intrinsic value of its portfolio. The company also creates investment opportunities for third parties through its development services. Mobimo has around 170 employees. End of ad hoc announcement |
1165922 05-Feb-2021 CET/CEST