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AT0000815402
Wed, 30.10.2024       UBM Development AG

Company Name: UBM Development AG ISIN: AT0000815402   Reason for the research: Update Recommendation: Buy from: 30.10.2024 Target price: EUR 27.00 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Muted Q3 ahead but successful financing and letting Topic: UBM will release its Q3 report on 28th N [ … ]
Thu, 17.10.2024       UBM Development AG

Company Name: UBM Development AG ISIN: AT0000815402   Reason for the research: Update Recommendation: Buy from: 17.10.2024 Target price: EUR 27.00 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Good exchange result for new green bond Topic: UBM recently announced the planned issue of a furthe [ … ]
Fri, 30.08.2024       UBM Development AG

Company Name: UBM Development AG ISIN: AT0000815402   Reason for the research: Update Recommendation: Buy from: 30.08.2024 Target price: EUR 27.00 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Improved total output + residential recovery in sight, chg. UBM released Q2 results, showing a steep [ … ]
Thu, 30.05.2024       UBM Development AG

Market reopening still pending / chg. Yesterday, UBM released muted Q1 results following the continued standstill on the European real estate transaction market. Yet, the company was able to dispose some smaller non-strategic assets. Q1 sales increased on a low level by 14% yoy to € 20.4m (eNuW: € 25m) and were predominantly driven  [ … ]
Fri, 12.04.2024       UBM Development AG

Remaining in pole position for market reopening / chg. UBM released final FY 2023 results which were in line with the preliminary figures published in March. FY sales came in at € 85.3m (eNuW: € 87.9m), implying a yoy decline of 36%. This is again mainly explained by the ongoing weakness of the real estate transaction market, which re [ … ]
Fri, 12.04.2024       UBM Development AG

Remaining in pole position for market reopening / chg. UBM released final FY 2023 results which were in line with the preliminary figures published in March. FY sales came in at € 85.3m (eNuW: € 87.9m), implying a yoy decline of 36%. This is again mainly explained by the ongoing weakness of the real estate transaction market, which re [ … ]
Fri, 15.03.2024       UBM Development AG

FY ’23 prelims: EBT below est. due to higher devaluation / chg. UBM released preliminary FY ’23 figures, which came in below our estimates following higher than anticipated devaluations of the company’s development as well as standing asset portfolio. Management now expects an EBT loss of € 39m (vs eNuW of € -23.6m v [ … ]
Fri, 09.02.2024       UBM Development AG

Off to a good start / Muted Q4’23 expected; chg Yesterday, UBM announced to have received the building permit for the Timber Peak project in Mainz. Once completed, the 12-storey-building will exceed a height of 40 metres and will have c. 9,500 sqm gross floor area. The building will be equipped with heat pumps, heating and cooling panels, [ … ]

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