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KWG Kommunale Wohnen AG Leipziger Platz 9 10117 Berlin, Germany http://www.kwg-ag.de
Contact Mr Jan Hutterer +49 40 2263088100
Company logo of KWG Kommunale Wohnen AG
KWG Kommunale Wohnen AG

KWG Kommunale Wohnen AG: KWG shows successful Q1 2013

Net Cold Rent almost doubled to EUR 8.0 mn (prev. EUR 4.1 mn) / FFO more than tripled to EUR 2.5 mn (prev. EUR 0.7 mn) / Forecast for full year 2013 confirmed

(PresseBox) (Hamburg, )
KWG Kommunale Wohnen AG, a long-term oriented property holding company of residential real estate in which Austrian conwert Immobilien Invest SE holds a 76% majority stake, looks back on a very successful first quarter 2013.

The Q1 2013 net result improved vs. last year's net result to EUR 2.2 mn (prev. EUR 0.3 mn). At the same time Earnings before Interest and Taxes (EBIT) increased by 136% to EUR 5.2 million. Funds from Operations (FFO) also improved materially from EUR 0.7 million in Q1 2012 to EUR 2.5 million in Q1 2013.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.