According to a statement by the Steiner Group , the Zurich real estate company generated sales totaling CHF 763.6 million in the 2021/22 financial year, which ended on March 31, 2022. At the same time, the operating result before taxes and interest reached an exceptionally high value of CHF 49.7 million. The real estate service provider, which specializes in project development and implementation, has achieved “solid growth in all key areas of its core business”.
Specifically, the report mentions a strong real estate development business, a high level of construction activity by the group’s total and general contractor in western Switzerland and profits from the sale of condominiums and developed projects. The group has thus completed its first year of transformation after the decision to focus on real estate development at the beginning of 2020 “with a very good result”, writes Steiner.
In the year under review, Steiner was able to acquire new development projects with a forecast market value upon completion of around CHF 1.5 billion. Steiner explains that this has increased the group’s development portfolio to a volume of CHF 6.4 billion.
