Investors
In a market environment characterized by geopolitical uncertainty and increasing investment restraint, sitEX generated operating income of CHF 17.699 million, resulting in a consolidated loss of CHF 3.1 million. The sale of the sitEX Powerhouse led to a one-time negative revaluation of investment properties in the amount of CHF 7.9 million. Together with recurring income, the loss after taxes and minority interests amounted to CHF 3.053 million or CHF -1.35 per share.
In the first half of 2024, our company again achieved a net profit after tax of CHF 1,508 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to CHF 4,316 million with consolidated gross sales of CHF 10,859 million.
Further key financial figures and information on business performance in the first half of the year as well as an outlook for the second half of 2024 can be found in our semi-annual report.
The market environment remained challenging in 2023. Thanks to our diversification and focus on our core projects, the past financial year seamlessly joined the company’s list of successful financial years. Operating earnings before interest, taxes, depreciation and amortisation amounted to CHF 16.857 million. Profit before taxes was CHF 16 million. Profit after taxes was CHF 9.532 million, which corresponds to earnings per share of CHF 4.23 and a return on equity of 5.6%.
Our company realized a pleasing net profit after taxes of CHF 7.335 million in the first half of 2023 (previous year: CHF 13.185 million). The operating result before interest, taxes, depreciation and amortization amounted to CHF 13.736 million on consolidated gross sales of CHF 32.699 million.
As a result of further monetization within the project pipeline, total assets decreased to CHF 454.816 million (previous year: CHF 477.595 million), with equity together with treasury shares, subordinated convertible bonds and subordinated loans representing 45.80% of total assets (previous year: 44.42%).
sitEX achieved an exceptionally pleasing financial result in 2022 with a net profit after taxes and minority interests amounting to CHF 21.16 million (previous year: 35.982 million). EBITDA amounted to CHF 39.027 million (previous year: 58.780 million). The return on equity was 12.4%. The company’s equity could be further strengthened and amounted to CHF 177.825 million as of the same balance sheet date (previous year: 163.531 million). Taking into account treasury shares and subordinated convertible loans, the equity ratio increased to 42.47% (previous year: 41.78%).
Despite the challenging market environment, the company can look back on a successful first six months. Net profit after tax amounted to CHF 13.259 million (previous year: 12.973 million). EBITDA amounted to CHF 21.028 million (previous year: 18.773 million). Consolidated gross sales amounted to CHF 58.194 million(previous year: 38.706 million). Approximately CHF 44.065 million of the total revenues were generated from the sale of properties and land, the core business of the company. The remaining revenues were generated from rentals and revaluations.
Despite the continued numerous challenges in the global economy, sitEX Properties Holding AG looks back on an exceptionally successful year 2021, both in terms of profitability and strategic direction. The operating result before interest, taxes, depreciation and amortisation was CHF 58.780 million. Profit before taxes was CHF 53.361 million. Profit after taxes and minority interests was CHF 35.982 million, representing earnings per share of CHF 15.96 and a return on equity of 23.4%.
In the first half of 2021, sitEX Properties Holding AG increased its profit year-on-year to CHF 12.973 million (H1 2020: CHF 10.454 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to CHF 18.528 million (previous year: CHF 13.299 million). Detailed information on the key milestones of the first half of 2021 can be found in the semi-annual report.
The sitEX Properties Holding AG achieved its best result ever in the challenging pandemic year 2020. Operating income before interest, taxes, depreciation and amortization amounted to CHF 41.633 million. Profit before taxes was CHF 36.285 million, while profit after taxes and minority interests was a satisfactory CHF 26.814 million, representing earnings per share of CHF 11.65 and a return on equity of 18.7%. Further information on the 2020 financial year and the outlook for 2021 can be found in the annual report.
sitEX Properties Holding AG achieved the largest half-year profit in the history of the company with CHF 10.454 million (previous year: CHF 8.239 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to CHF 13.299 million (previous year: CHF 10.525 million). Further information on the first half of 2020 and the outlook for the second half of the year can be found in the Semi-Annual Report.
The sitEX Properties Holding AG closes the business year 2019 with a strong business result. The earnings per share could be increased by 55% compared to the previous year. The equity ratio was further increased and amounted to approx. 44.2% as of 31.12.2019. As a result of the transformation of the company, in 2019 for the first time the majority of profits were generated by development projects. Further information on the 2019 financial year and the outlook for 2020 can be found in the annual report.
In the first six months of the current financial year, our company was again able to achieve above-average results. Net profit after tax was at a record level (half-year). The net profit was generated through rental income (34%), development (48%), and realization of properties (18%). The equity ratio increased further to a solid 41.1% (equity: CHF 126.522 million) as of June 30, 2019 – nearly doubling from January 1, 2016.
sitEX Properties Holding AG closes the past business year with a profit of CHF 8.93 million. As a result, earnings per share increased by 20% compared to the previous year. The strategic and geographical refocusing of the company was rigorously pursued in 2018. Thanks to the implemented strategic measures and the repayment of loans, the equity ratio increased to a pleasing 38.6% (beginning of 2016: 23.8%).
sitEX Properties Holding AG generated a consolidated profit of CHF 888,000 in the first half of 2018. As the earnings from our projects in the USA and other special effects, such as the revaluation gains particularly in Australia, were already booked last year, the profit for the first half of 2018 mainly stems from the rental income of our portfolio properties.
We continued to build on the success of recent years and closed the year with a pre-tax profit of approximately CHF 19.8 million. Thanks to the strategic and geographical focus as well as the organizational and personnel restructuring, profitability has already increased compared to the previous year. However, the full impact of all various measures that have been taken will not be visible until the 2018 financial year.
After a successful last year, we have started the new half-year with a lot of momentum. We can again report a profit in the first half of 2017. With a figure of CHF 5.679 million, the profit was 58% higher than in the previous year, whereby our project development activities had a particularly positive impact.
Thanks to our diversified strategy with investment properties on four continents and development projects in Switzerland and the USA, we were able to close the year 2016 with a new record financial result.
