EQS Group-News: Infracore SA / Key word(s): Half Year Results
Infracore SA posts strong 2019 half-year results with net profit up by 9.7%
2019-10-24 / 07:25
*Press release*
Fribourg, 24 October 2019
*Infracore SA posts strong 2019 half-year results with net profit up by 9.7%
*
Infracore, the unconsolidated AEVIS VICTORIA SA subsidiary holding a
portfolio of unique healthcare infrastructure real estate, continued to grow
in the first half-year 2019. Rental income and net revenues surged by 2.7%
to CHF 22.8 million, EBITDA improved by 7.4% to CHF 20.5 million,
corresponding to an EBITDA margin of 90.3%, and net profit jumped by 9.7% to
CHF 14.0 million. The results do not include revaluation gains as the
properties are appraised only once at year-end. The 35 high-quality
properties on 15 sites, representing a rental surface of 157'499 sqm, had a
total market value of CHF 891.4 million as at 31 December 2018. Also, the
loan to value ratio remained unchanged at 47.1%.
Infracore will continue its strategy of growth and consolidation in
healthcare infrastructures in Switzerland, in both the private and public
sectors. The pipeline currently looks promising, including acquisitions and
development projects on existing sites. Infracore envisages a pay-out ratio
of 80% to 90% of net income (excluding results from revaluation) for
full-year 2019.
Infracore SA's detailed results can be downloaded via this link:
https://www.infracore.ch/_media/2019/10/hy_2019.pdf [1]
For more information: Media and Investor Relations: c/o Dynamics Group,
Zurich
Philippe R. Blangey, prb@dynamicsgroup.ch, +41 (0) 79 785 46 32
Infracore SA:
investor@infracore.ch, +41 (0) 79 635 04 10
*About Infracore SA*
Infracore, an autonomous company, currently owns the buildings of Swiss
Medical Network SA's facilities since 2006 and was integrated into AEVIS
VICTORIA SA in 2012. Its real estate portfolio includes 35 quality buildings
on 15 sites, representing a rental area of 157'499 m2. The buildings are
mainly rented to the various Swiss Medical Network hospitals, under very
long-term leases.
*www.infracore.ch *
End of Corporate News
Language: English
Company: Infracore SA
Rue Georges-Jordil 4
1700 Fribourg
Switzerland
Phone: 026 350 02 02
E-mail: svanderschueren@infracore.ch
Internet: www.infracore.ch
ISIN: CH0467966740
EQS News ID: 895617
End of News EQS Group News Service
895617 2019-10-24
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=81d8a25efccd88735c4fdf4586c4e7e3&application_id=895617&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 24, 2019 01:25 ET (05:25 GMT)
© 2019 Dow Jones News
