Result and profitability

The Group’s net rental income totalled EUR 170.5 (163.1) million, representing 61.7 (61.2) per cent of turnover. The VVO Non-subsidised segment recorded a net rental income of EUR 93.2 (85.6) million, and the VVO State-subsidised segment EUR 79.1 (79.4) million.

The Group’s profit before taxes amounted to EUR 167.3 (96.4) million. The result includes a EUR 52.5 (-6.9) million change in the fair value of investment properties, and capital gains and losses of EUR 1.4 (0.9) million. The good result is based on changes in the fair value of investment properties, a good financial occupancy rate, the successful management of maintenance costs and low financial costs. Financial income and expenses totalled EUR -27.9 (-34.6) million.

Net rental income

 

170.5

 

EUR million