immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Geschäftsjahr 2021

  • Building program paid out record sum

    Building program paid out record sum

    According to a press release from the Swiss Federal Office of Energy ( SFOE ), around 361 million francs in subsidies for energy-efficient building refurbishment were approved by the federal government and the cantons in 2021. This is the highest amount that has been invested in renovation and new construction projects since the program was launched. Compared to 2020, the funding amount has increased by CHF 62 million.

    Thermal insulation projects, which were funded with CHF 126 million, received the largest amount. The highest increase of 70 percent compared to 2020 was achieved by building services projects, which received CHF 106 million in grants. The commitments for energy-related measures that will be implemented over the next five years have reached a new high of CHF 490 million.

    The high demand for subsidies can be attributed to the broad approval of owners for energy-efficient renovation of their properties or new builds. According to calculations, the measures approved in the year under review will lead to a reduction in energy consumption in buildings throughout Switzerland by 6.5 billion kilowatt hours and lower CO2 emissions by around 1.8 million tonnes over their lifetime.

    According to the statement, the building program has proven to be an effective instrument of Swiss energy and climate policy. A total of around CHF 2.7 billion has been paid out under the funding program since its introduction in 2010. The building program also has a positive effect on the economy. In 2021, 2,300 full-time jobs and around CHF 97 million in additional domestic value were created.

  • Andermatt Swiss Alps is growing at double-digit rates

    Andermatt Swiss Alps is growing at double-digit rates

    In the 2021 financial year, the Andermatt Swiss Alps Group generated sales totaling CHF 201.1 million, according to the company responsible for the development, realization and operation of the holiday destination . In a year-on-year comparison, this corresponds to growth of 30 percent. The operating result at the EBITDA level increased by around CHF 20 million to CHF 25.3 million in the same period. A loss of CHF 8.0 million was reported as a net result. The Andermatt Swiss Alps Group writes that the result from the previous year was improved by CHF 24.4 million.

    “It is very gratifying that we were able to massively increase our sales and profitability in 2021,” said Group CEO Raphael Krucker in the statement. On the one hand, real estate sales worth CHF 122 million, up 58 percent year-on-year, contributed to the positive developments. On the other hand, the two hotels in the group, The Chedi Andermatt and Radisson Blu Reussen, reported a positive operating result for the first time due to the increase in sales and occupancy as well as the reduction in costs.

    The SkiArena Andermatt-Sedrun, on the other hand, continued to suffer from the consequences of the pandemic in the winter season and from the bad weather in the summer, the statement explains further. Specifically, Andermatt-Sedrun Sport AG’s sales of CHF 21.6 million were around 10 percent lower than in the previous year.

  • Miele's most successful business year with sales up 7.5%

    Miele's most successful business year with sales up 7.5%

    The business of the Miele Group was characterized by strong contrasting developments in the past year. On the one hand, the historic special boom caused by Corona provided a strong tailwind. On the other hand, Miele is also feeling the effects of the disruptions in the global supply chains, particularly in the case of semiconductors. Nevertheless, more devices were produced and sold in 2021 than ever before in the 123-year history of the premium brand. The order backlog at the start of the new year is also higher than ever, so the signs point to growth for 2022 as well. In order to shorten the sometimes significantly longer delivery times, Miele produces in all plants with the greatest possible capacity.

    On the other hand, the prospects for the further course of the year are shaped by the political and economic effects of the war in the Ukraine, where Miele, like in Russia, is represented with its own sales company. The management and staff of the Miele Group are deeply shocked by the suffering of the people in the war zone and on the escape routes. There is a great wave of willingness to help throughout the group, which starts with protecting the 54 Miele employees in Ukraine and their families, but also goes far beyond that. Due to the geopolitical situation and the resulting imponderables, the Miele Group has completely stopped supplying appliances to Russia with immediate effect and until further notice, in addition to the EU sanctions currently being imposed. Products for medical care are excluded unless they are also subject to sanctions. The company’s own shops (Miele Experience Center) and the web shop have been closed since last week and investments in the store have been frozen. The jobs of the more than 230 employees and their pay will be retained for at least six months.

    Positive development in all regions and product areas
     With the sales growth reported for 2021, the Miele Group has grown significantly faster than the long-term average, with Eastern Europe, China and the USA in particular making disproportionate contributions. In Germany, Miele achieved sales of 1.39 billion euros and thus gained a further 5.1 percent from a very high level. And Switzerland also played its part with the most successful financial year since it was founded. “We are proud that Miele Switzerland was once again placed with great confidence this year. It’s not for nothing that customers have voted us Most Trusted Brand for the fifth time in a row,” reports Rico Fallegger, Managing Director Miele Switzerland.

    Further information at: www.miele.ch

  • Plazza remains on course for growth

    Plazza remains on course for growth

    Plazza AG had another successful financial year in 2021, writes the Zurich real estate company in a statement . Specifically, the company, which has been listed on the SIX since 2015, was able to increase its real estate income from CHF 24.6 million in 2020 to CHF 26.1 million in the year under review. At the same time, the operating result before depreciation and revaluations increased from CHF 20.0 million to CHF 20.6 million.

    In the year under review, “market-related factors” again led to “high revaluations”, Plazza explains further in the press release. They increased the real estate company’s profit from CHF 63.3 million to CHF 71.9 million year-on-year. Without revaluations, the profit increased from CHF 17.0 million to CHF 18.1 million.

    Plazza cites the high proportion of residential properties in its own portfolio as the background to the good developments. The company writes that it increased from 73 to 76 percent in 2021 compared to 2020 due to the purchase of properties in Zurich’s Im Tiergarten district. At the same time, the vacancy rate in the residential sector fell from 3.1 percent to 2.6 percent.

    In the same announcement, Plazza communicates a change in management and board of directors. At the beginning of the year, Plazza’s Chief Financial Officer, Thomas Casata, took over as CEO from Ralph Siegle, who was retiring. On the Board of Directors, Peter Lehmann is to replace Markus Kellenberger, who is stepping down when he reaches retirement age.

  • Implenia posts double-digit million profit

    Implenia posts double-digit million profit

    In the 2021 financial year, Implenia generated sales totaling CHF 3.76 billion. In a year-on-year comparison, this corresponds to a decline of 5.6 percent. In a statement , the construction and real estate company from Opfikon informed that it was lower than expected “despite portfolio adjustments and longer project durations”. The order backlog increased by 7.7 percent year-on-year to a high of CHF 6.88 billion at the end of 2021. Implenia attributes the development here to “the strategic focus on large and complex projects”.

    Implenia’s operating result at EBIT level for the year under review was CHF 114.8 million. In the previous year, a loss of CHF 146.8 million was incurred here. The consolidated result increased from a loss of CHF 132.1 million to a profit of CHF 64.0 million from 2020 to 2021. All four of Implenia’s business areas were involved in the positive developments. For the current financial year, Implenia is aiming for an EBIT of more than 120 million francs.

    Following the loss in fiscal 2020, the company initiated a comprehensive transformation process. Implenia explains that this transformation is now well advanced. In the future, the company intends to continue to focus on construction and real estate services in Switzerland and Germany as well as on tunnel construction and related infrastructure projects in other markets.

    “The 24 percent increase in the operating result shows that we are consistently implementing our transformation,” Implenia CEO André Wyss is quoted as saying in the statement. “After portfolio adjustments, with a strategic focus on profitable, complex projects and thanks to Value Assurance, all divisions are well positioned to further increase profitability.”

  • Ina Invest looks back on a good year

    Ina Invest looks back on a good year

    In the 2021 financial year, Ina Invest achieved an operating profit of 14.4 million francs and a net profit of 12 million francs. According to a media release , the company, which was spun off from Implenia in 2020, “again exceeded expectations”. Last year, the operating profit was around 5.5 million francs and the net profit was around 4 million francs.

    The value of the real estate portfolio has risen by 19 percent to CHF 435 million since the previous year. In January 2022, the takeover of the Bredella area in Pratteln from the CERES Group was completed. As a result, the value of the real estate portfolio at the beginning of the year rose to CHF 700 million. Ina Invest describes the Bredella area as “one of the most interesting and largest development portfolios in Switzerland” with great potential.

    In the announcement, the company also emphasizes the good development at the Lokstadt Halls in Winterthur. The halls were “almost completely rented out in a very short time”. The Lokstadt in Winterthur and the Bredella area in Pratteln are examples of Ina Invest’s strategy. This concentrates on “future locations of the 10 million Swiss, which will be completely reinvented in the next 20 years”.

    Ina Invest continues to assess the market prospects as “promising”. In 2022, the company wants to continue growing and focus on the entrepreneurial integration of the newly created portfolio.

  • PSP Swiss Property grows profitably

    PSP Swiss Property grows profitably

    According to a statement by PSP Swiss Property , the Zug-based real estate company generated property income totaling CHF 309.64 million in the 2021 financial year. Compared to the previous year, this corresponds to growth of 4.5 percent. The operating result (EBITDA) excluding property gains such as valuation differences amounted to CHF 278.76 million in 2021, which is 2.8 percent more than in 2020. PSP Swiss Property attributes the growth primarily to increased rental income year-on-year and higher profits on the sale of development projects and condominium back.

    A net profit of CHF 595.02 million was reported in the year under review, compared to CHF 292.09 million in the previous year. In addition to the factors relevant to the operating result, the appreciation of the portfolio by CHF 464.9 million played a decisive role here. As of the end of 2021, the real estate portfolio of PSP Swiss Property was valued at CHF 9.13 billion.

    In the course of the financial year, the real estate company completed a number of projects and added them to the investment portfolio. The announcement mentions, among other things, the new ATMOS building in Zurich-West with an area of 24,000 square meters. Four investment properties have been reclassified as development projects and a number of properties have been successfully sold, explains PSP Swiss Property. No new investment properties, areas or projects were acquired in 2021.

    For the current financial year, the company anticipates an EBITDA excluding real estate gains of CHF 285 million. The focus will remain unchanged on the modernization of selected properties, our own development projects and leasing. PSP Swiss Property intends to resell non-strategic real estate, while purchases are made dependent on the added value that is expected in the long term.

  • Sika posts billions in profit

    Sika posts billions in profit

    According to a statement from Sika , the globally active Zug-based building materials group set a new sales record in the 2021 financial year. Specifically, sales increased by 17.5 percent year-on-year to CHF 9.25 billion. Operating profit at EBIT level increased by 23.1 percent to CHF 1.40 billion in the same period. The corresponding EBIT margin improved by 0.6 percentage points to 15.0 percent. In terms of net profit, Sika reported a record result of 1.05 billion francs, which corresponds to an increase of 27.1 percent compared to the same period of the previous year.

    “Sika has created lasting value in a challenging year,” said CEO Thomas Hasler in the statement. “We will do everything we can to continue our strong growth in all regions.” For the current financial year, Sika is aiming for sales growth of more than 10 percent in local currencies to more than CHF 10 billion for the first time.

    In the reporting year, Sika completed a total of seven acquisitions. The takeover of the MBCC Group, which was agreed in November 2021, is expected to be completed in the second half of 2022, Sika informs. The former construction chemicals business of the BASF Group with annual sales of 2.9 billion Swiss francs is to complement and expand Sika’s business “in four out of five core technologies and seven out of eight target markets,” according to the statement.

    With its products, Sika is increasingly focusing on sustainability. The company sees itself “as an enabler that enables customers to use innovative products to reduce CO2 emissions, to build in a resource-saving manner and to make structures safer,” writes Sika. To this end, Sika offers a range of products that ranges “from additives for low-emission concrete to facade systems for energy-efficient buildings to adhesives for climate-friendly vehicles”. On September 30, Sika intends to communicate a “net zero roadmap” with new sustainability goals for its own company.