Investor Relations
Welcome to the Investor Relations section of Warimpex Finanz- und Beteiligungs AG. Since our IPO in 2007, we have maintained open and proactive communication with our investors in order to learn of their wishes and needs so that we can make the right decisions. If you have any questions, please feel free to contact us at any time.
Daniel Folian
Deputy Chairman & CFO
Investment Case
5 good reasons why it is worth investing in Warimpex:
- A long track record of developing and selling real estate as part of portfolio development
- A highly diversified portfolio by region (Poland, Russia, Hungary, Germany, Austria) and asset (offices and hotels)
- Synergies from business activities as a real estate developer and asset manager
- A management team with more than 40 years of experience in the CEE real estate market
- Ensuring transparency through external valuations
Key financial data
| in EUR ’000 | 2022 | Change | 2023 |
|---|---|---|---|
| Investment Properties revenues | 33,154 | 11% | 36,925 |
| Hotels revenues | 9,273 | 22% | 11,308 |
| Development and Services revenues | 2,709 | -46% | 1,453 |
| Total revenues | 45,136 | 10% | 49,685 |
| Expenses directly attributable to revenues | -16,100 | 6% | -17,110 |
| Gross income from revenues | 29,036 | 12% | 32,575 |
| Gains or losses from the disposal of properties | 2,821 | – | – |
| EBITDA | 16,498 | 31% | 21,617 |
| Depreciation, amortisation, and remeasurement | 42,649 | – | -38,443 |
| EBIT | 59,148 | – | -16,826 |
| Financial result | -6,522 | – | -10,494 |
| Profit or loss for the period (annual result) | 42,864 | – | -23,807 |
| Net cash flow from operating activities | 11,353 | 128% | 24,791 |
| Equity and liabilities | 455,068 | -18% | 371,273 |
| Equity | 170,289 | -28% | 122,036 |
| Equity ratio | 37% | -4 pp | 37% |
| Number of shares | 54,000,000 | – | 54,000,000 |
| Earnings per share in EUR | 0.82 | – | -0.46 |
| Number of treasury shares as of 31 December | 1,939,280 | – | 1,939,280 |
| Number of office and commercial properties | 9 | 1 | 10 |
| Lettable space | 126,300 m² | 11,900 m² | 138,200 m² |
| m² with sustainability certificates | 75,400 m² | 30,900 m² | 106,300 m² |
| in % of the total floor area | 60% | 17 pp | 77% |
| Number of hotels | 4 | -1 | 3 |
| Number of hotel rooms (adjusted for proportionate share of ownership) | 831 | - | 831 |
| 31/12/2022 | Change | 31/12/2023 | |
| Gross asset value (GAV) in EUR millions | 429.3 | -16% | 360.1 |
| NNNAV per share in EUR | 3.78 | -29% | 2.68 |
| EPRA NTA per share in EUR | 3.59 | -29% | 2.56 |
| End-of-period share price in EUR | 0.65 | 15% | 0.745 |
Corporate Governance
As a listed real estate company, Warimpex is committed to responsible and transparent corporate governance. Through the development and management of real estate, Warimpex shapes the environment in social, ecological and economic terms. This influence entails a high degree of responsibility, which is understood and accepted as an integral part of the corporate culture, but also as a central pillar of success.
Warimpex is committed to both the Austrian Code of Corporate Governance (ÖCGK) and the Polish "Best Practice for GPW Listed Companies 2016".