immo!nvest – Die Plattform für Standorte und Immobilien

Tag: erstes Quartal 2021

  • PSP Swiss Property has a good start to the year

    PSP Swiss Property has a good start to the year

    According to a statement from PSP Swiss Property , the Zug-based real estate company generated real estate income totaling CHF 77.4 million in the first quarter of 2021. Compared to the same period in the previous year, this corresponds to growth of 4.6 percent. Operating expenses remained at the previous year's level at 13.2 percent.

    The operating result (EBITDA) excluding real estate successes and valuation differences amounted to 78.5 million francs in the quarter under review, 23.9 percent more than in the first quarter of 2020. The profit without real estate successes rose by 28.5 percent year-on-year to 61.8 million Francs too.

    At 88.8 million, net profit was 85.3 percent higher than in the previous year. The real estate company attributes the sharp rise to higher rental income, profits from the sale of development projects and condominiums, and a portfolio revaluation of CHF 33.2 million.

    The balance sheet value of the portfolio on the reporting date at the end of the quarter was CHF 8.641 billion, compared to CHF 8.577 billion at the end of 2020. In the quarter under review, PSP Swiss Property sold the Seestrasse development project in Kilchberg ZH and 13 floor units in the Residenza Parco Lago project in Paradiso near Lugano. The vacancy rate rose from 3.0 to 3.1 percent due to renovation work, among other things.

  • Sika raises the bar

    Sika raises the bar

    Sika closed the first quarter of 2021 with record sales of just under 2.0 billion francs, the Zug-based building materials group announced in a press release . In a year-on-year comparison, this corresponds to growth of 10.2 percent. Sika writes that growth of 12.6 percent was achieved in local currencies. The announcement puts organic growth at 11.1 percent.

    All market regions of the globally active group contributed to the positive development. In the EMEA region (Europe, Middle East, Africa), a year-on-year increase in sales of 13.2 percent in local currencies to 914.7 million Swiss francs was achieved. The Americas region grew by 6.2 percent in local currencies. In the Asia / Pacific region, sales in local currencies rose by 25.8 percent to 422.8 million Swiss francs. In business with the automotive industry (Global Business), growth of 2.7 percent in local currencies was achieved after a minus in the previous year.

    "In the new year we were able to seamlessly build on our strong performance from the fourth quarter of the previous year", Paul Schuler, chairman of the group management, is quoted in the announcement. As a consequence of the development, Sika is adjusting its growth targets for the year as a whole upwards. Instead of the 6 to 8 percent originally communicated, the aim is now to achieve double-digit sales growth in local currencies. The margin on the operating result (EBIT) is also to be increased to 15 percent for the first time this year. In the previous year, an EBIT margin of 14.4 percent was achieved.