BUWOG (BWO): Ad-hoc-Release: BUWOG AG expects significant revaluation results of its investment properties for the Q1 results of its financial year 2016/17 as a result of generally positive market developments and active asset management - raport 24
UNI - EN REPORT No24/2016
BUWOG AG will report a revaluation result for the fourth quarter of its financial year 2015/16 amounting to approx. EUR 37 mn in the course of the presentation of results for its financial year 2015/16. Thus, BUWOG AG will show a total revaluation result for its financial year 2015/16 of approx. EUR 191 mn.
For the first quarter of its financial year 2016/17 BUWOG AG expects to show a revaluation result of its investment properties of a further approx. EUR 148 mn mainly due to the noticeably more dynamic development of the real estate markets particularly in Germany in the months from May through July 2016.
The complete results of the financial year 2015/16 will be announced as planned in the course of the presentation of the Annual Report 2015/16 on 31 August 2016.
Further results of the first quarter of the financial year 2016/17 will be published as planned on 28 September 2016.
