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Key indicators

VVO Group	4-6/2015	4-6/2014	1-6/2015	1-6/2014	1-12/2014
Revenue, EUR million	92.3	89.1	183.1	177.2	356.5
Net rental income, EUR million	57.8	55.3	113.2	107.2	210.0
% revenue	62.7	62.0	61.8	60.5	58.9
Profit before taxes, EUR million	64.1	29.7	124.4	65.4	146.5
Earnings per share, EUR	6.73	2.66	13.23	6.54	14.95
Equity per share, EUR			224.44	205.77	213.30
Return on equity, % (ROE)			12.1	6.4	7.2
Return on investments, % (ROI)			8.5	5.4	5.9
Equity ratio, %			40.9	39.5	40.0
Financial Occupancy rate, %	97.4	98.1	97.4	98.2	98.1
Gross investments, EUR million	61.8	69.4	115.0	101.7	200.5
Investment properties, EUR million			3,865.4	3,591.6	3,708.8
Interest bearing liabilities, EUR million			1,887.0	1,840.8	1,850.1
Number of personnel, end of period			393	366	343

Turnover Q2/2015

EUR million	2010	2011	2012*	2013*	Q2/2014	2014	Q2/2015
Turnover	328,6	327,27	335,4	346,6	177,2	356,5	183,1

*A change in the recognition practice of renovations reduced the result by EUR 7.8 million in 2012 and by EUR 11.4 million in 2013
**As of 2014, the Group adopted IFRS for its financial reporting

Profit trend Q2/2015

EUR million	2010	2011	2012*	2013*	Q2/2014	2014	Q2/2015
Profit	57,5	55,8	62,5	75,9	65,4	146,5	124,4

*A change in the recognition practice of renovations reduced the result by EUR 7.8 million in 2012 and by EUR 11.4 million in 2013
**As of 2014, the Group adopted IFRS for its financial reporting

Net rental income Q2/2015

EUR million	2010	2011	2012	2013	Q2/2014	2014	Q2/2015
Net rental income	175,7	186,6	197,3	198,4	107,2	210,0	113,2

Financial occupancy rate Q2/2015

%	2010	2011	2012	2013	Q2/2014	2014	Q1/2015	Q2/2015
Financial occupancy rate	98,60	98,70	98,70	98,50	98,20	98,10	97,40	97,40

Equity ratio Q2/2015

%	Q2/2015	Q2/2014	2014
Fair value	40	39.5	40.0

Value development Q2/2015

EUR million	Q2/2015	Q2/2014	2014
Fair value	3,865.40	3,782.10	3,708.80

Key ratios per share Q2/2015

EUR/share	Q2/2015	Q2/2014	2014
VVO Non-subsidised profit (Distributable profit)	6.40	4.69	8.23
VVO State-subsidised (Arava) profit	6.83	1.85	6.72

Gross investments and sales of investment properties Q2/2015

EUR million	2010	2011	2012	2013	2014*	Q2/2014	Q2/2015
Gross investments	119.7	121.5	74.8	223.2	200.5	101.7	115.0
Sales of investment properties	-116.5	-15.4	-12.0	-16.0	-28.8	-16.1	-4.5

* As of 2014, the Group adopted IFRS for its financial reporting

Rental housing stock 30 June 2015


Lumo 26,745	26,745
VVO 13,929	13,929