Report
Manuel Martin, CEFA,CREA

Patrizia SE : Final FY 2023 figures confirmed mixed preliminary key figures –guidance for FY 2024e confirmed

>Mixed bag of declining results but proposing to pay a slightly higher dividend - On Thursday (21 March) after the market close, Patrizia (PAT) reported its final FY 2023 figures which confirmed its mixed preliminary key figures released on 29 February (total service fee income, EBITDA, EBITDA margin, net income, AuM and dividend, amongst others). Management reiterated its outlook for FY 2024e including its very wide EBITDA guidance range of € 30m-60.0m for FY 2024e.§...
Underlying
PATRIZIA AG

Patrizia Immobilien is engaged in the purchasing, management, appreciation and sale of residential and commercial real estate. Co. operates via two operating segments. The Investments segment primarily bundles portfolio management and the sale of own investments while the Management Services segment covers a range of real estate services, in particular analysis and advice during the purchase and sale of individual residential and commercial properties or portfolios, the management of real estate, management of real estate portfolios as well as consultation with regard to investment strategy, portfolio planning and allocation and the execution of investments.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Manuel Martin, CEFA,CREA

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