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AT0000827209
Tue, 03.12.2024
Warimpex Finanz- und Beteiligungs-AG
Company Name:
Warimpex Finanz- und Beteiligungs-AG
ISIN:
AT0000827209
Reason for the research:
Update
Recommendation:
BUY
from:
03.12.2024
Target price:
EUR 1
Last rating change:
Analyst:
Adrian Kowollik
While the sale of Russian assets (in total 53,100 sqm) that was announced on October 31 led to a one-off loss of EUR 30.3m, [ … ]
Thu, 06.06.2024
Warimpex Finanz- und Beteiligungs AG
Despite strong Hotel business, where the average occupancy rate is
developing well, Warimpex’ (WXF) Q1/24 results were weak. The reason was a
9.3% decline in the Investment properties segment, which we believe stemmed
from two factors that will likely persist in Q2-Q4 2024: 1. A weak rouble
FX rate, and 2. Increasing problems with Russian t [ … ]
Wed, 08.05.2024
Warimpex Finanz- und Beteiligungs AG
While they were better than our estimates on the revenue and EBITDA level,
Warimpex’ EBIT and net income disappointed due to an unexpected
remeasurement loss of EUR 38.3m (thereof: EUR 36.7m in Russia), which
resulted from higher interest rates and lower expected rent income. Both
factors currently affect the whole real estate sector. Posit [ … ]