21st Austria weekly - Warimpex (29/11/2023)

Warimpex: Real estate company Warimpex Group succeeded in generating a clearly positive result amidst the still challenging market conditions in the first three quarters of the year. Operating business remained strong, with a 16 per cent increase in revenue and a 5 per cent improvement in EBITDA. After depreciation, amortisation, and property valuations, this resulted in a profit for the period of EUR 3.2 million, down from EUR 13.6 million in the prior-year period. The focus of recent business activities has been on the successful adoption of a new zoning plan for office and commercial property developments in Darmstadt as well as the completion of Mogilska 35 Office in Krakow after the reporting date. "Our long-standing strategy allows us to retain the necessary flexibility and ...

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