Mobimo reports a successful first half-year
Lucerne, 21 July 2016 - In the first half of 2016, the business activities of Mobimo Holding AG progressed better than expected. The company is expecting to post half-year profit in excess of CHF 80 million (prior year: CHF 35.7 million). Gains from trading and third-party business, the positive valuation result, the sale of two investment properties and a positive special item in deferred taxes in particular are contributing to the very pleasing half-year results.
The half-year report of Mobimo Holding AG will be published on 4 August 2016.
If you have any questions, please contact:
Mobimo Holding AG
Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix of investment properties offering steady returns and development properties with significant appreciation
potential. Investments are made in promising locations, mainly in the economic areas of Zurich and Lausanne / Geneva, together with those of Basel, Lucerne / Zug, Aarau and St. Gallen. With a property portfolio that has an overall value of around CHF 2.6 billion, Mobimo is one of the leading real estate companies in Switzerland. The pipeline includes development properties for the company's own portfolio with an investment volume of CHF 0.7 billion (as at 31 December 2015).