In a challenging market environment, Noratis AG generated an EBIT of EUR 2.6 million, compared with EUR 11.9 million in the same period of the previous year.
At the Annual General Meeting of Noratis AG all items on the agenda were approved by a large majority.
According to the audited IFRS figures, EBIT amounted to EUR 12.5 million, compared to EUR 19.4 million in the previous year.
Noratis: At EUR 8.3 million, preliminary consolidated net income for 2022 only slightly below prior year (EUR 9.5 million) despite difficult market conditions
Noratis AG closed out the 2022 financial year with a consolidated net income of EUR 8.3 million based on preliminary IFRS figures.
Expected result 2022 will fall short of forecast. No dividend payment planned; portfolio valuation confirmed. A negative result is expected for 2023.
For the 2022 financial year, Noratis will therefore also fail to meet its original forecast of a significant increase in EBIT and EBT.
The supervisory board of Noratis AG will change its chairman as of 1 January 2023: the current supervisory board member Joachim von Bredow has been elected as the new chairman.
In the first half of 2022, Noratis AG continued the good performance in terms of earnings and portfolio development.
Noratis is successfully expanding its existing portfolio in North Rhine-Westphalia by the acquisition of 48 units in Essen and Remscheid.
The annual general meeting of Noratis approved the distribution of a dividend of EUR 0.55 per share.
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