Alle Storys
Folgen
Keine Story von Zug Estates Holding AG mehr verpassen.

Zug Estates Holding AG

EQS-Adhoc: Zug Estates finishes 2015 with a significant increase in net income


EQS Group-Ad-hoc: Zug Estates Holding AG / Key word(s): Miscellaneous
Zug Estates finishes 2015 with a significant increase in net income

12.02.2016 / 06:55
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

--------------------------------------------------------------------------------
Zug Estates posted a significant increase in net income in 2015. Operating
income before depreciation and revaluation rises by 5% to CHF 39.6 million,
while income from the revaluation of investment properties (net) amounts to CHF
50.6 million.

In the 2015 financial year, the Zug Estates Group achieved a good operating
result before depreciation and revaluation of CHF 39.6 million, 5% more than in
the previous year. Income from the revaluation of investment properties (net)
rose by CHF 29.3 million year-on-year to CHF 50.6 million. Taking account of the
investments and a land consolidation measure totaling CHF 46.9 million, as well
as the disposal of properties with a market value of CHF 26.7 million, the
market value of the Zug Estates Group's portfolio rose 7% to CHF 1.2 billion as
at December 31, 2015.

The successful positioning of the Suurstoffi site in Risch Rotkreuz as a premium
residential and business location, the on-schedule completion of phase two of
Suurstoffi and successful leases played a major role in the revaluation result.
"The valuation reflects the strong appeal of our sites in Zug and Risch
Rotkreuz," explained Group CEO Tobias Achermann. "Both the location and nature
of our properties give them excellent qualities. Furthermore, our portfolio's
usage mix is balanced, with about 30% residential property and significant
development reserves, which we will develop over the next few years." Owing to
the good operating result and the substantial surplus from the revaluation of
investment properties (net), the 2015 figure for net income (over CHF 67
million) will be significantly above the previous year's figure of CHF 45.1
million.

Further information on business in 2015 and the full Annual Report for 2015 will
be published on March 11, 2016.

End of ad hoc announcement

+++++
Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=TLQBHICHHF
Document title: Zug Estates finishes 2015 with a significant increase in net
income

--------------------------------------------------------------------------------
12.02.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.
--------------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:


The Zug Estates Group conceives, develops, markets and manages properties in the
Zug region. It focuses on centrally located sites suitable for a wide range of
uses and with potential for sustainable development. A large part of the real
estate portfolio is located at two sites in Zug and Risch Rotkreuz and is
broadly diversified by type of use. The Group also runs a city resort in Zug
incorporating the two leading business hotels Parkhotel Zug and City Garden,
augmented by a range of restaurant outlets. As at December, 2015, the total
portfolio was CHF 1.2 billion.

Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker
symbol: ZUGN; securities number: 14 805 212).


--------------------------------------------------------------------------------

Language: English

Company:  Zug Estates Holding AG

          Industriestrasse 12

          6300  Zug

          Switzerland

Phone:    +41 41 729 10 10

E-mail:    ir@zugestates.ch

Internet: www.zugestates.ch

ISIN:     CH0148052126, CH0148052118

Valor:    A1J0M6

Listed:   Regulated Unofficial Market in Stuttgart; Open Market in Frankfurt ;
SIX


End of News EQS Group News Service
--------------------------------------------------------------------------------
436657  12.02.2016 

Weitere Storys: Zug Estates Holding AG
Weitere Storys: Zug Estates Holding AG
  • 28.08.2015 – 07:07

    EQS-Adhoc: Zug Estates Holding AG: Marked increase in net income for Zug Estates

    EQS Group-Ad-hoc: Zug Estates Holding AG / Key word(s): Half Year Results Zug Estates Holding AG: Marked increase in net income for Zug Estates 28.08.2015 / 06:55 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement. 389133 28.08.2015 ...