UBM Development Q3 22 - Quarter reflects current challenges, break-even EBT
Q3 reflects slowdown of transaction activity with break-even EBTCash position slightly up in the quarter to EUR 358 mn
Guidance confirmed, but dependent on Baubergerstraße building permit
Correction of 2020 result following OePR review results in EUR 27 mn impact on equity
Overall, we see the release as neutral to slightly negative
UBM Realitaetsentwicklung is engaged in the the development, utilization and management of real estate. Co.'s projects include: hotels; trade/entertainment; office blocks; logistics/commerce; urban development; residential buildings; revitalization; special projects; and garages/parking.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
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