“First half brings good operating result for Warimpex”
–Stable sales revenues and the sale of the “ angelo hotel” in Munich boost EBITDA to EUR 6.3 million (plus 32 per cent) and EBIT to EUR 4.5 million (plus 55 per cent)
–Transaction market upturn used to adjust portfolio in the luxury segment with the sale of the “Palace Hotel” in Prague after the reporting date
–Net operating profit (NOP) up by 2 per cent – focus on high-quality existing properties should further improve NOP margins and cash flows
–Profit of minus EUR 5.7 million for the period due to scheduled write-downs and typical weakness of first half
Source : Company