Investors House figures better than expected – The company expects earnings to grow this year

Investors Housen The operating result (ERA) was EUR 0.87 million in the third quarter, compared to Inderes’ expected operating result of EUR 0.72 million. In the comparison period, the result was EUR 0.85 million.

“The operating result was the best ever thanks to the development of both income and expenses. Strategic development progressed on all fronts. It is good to continue with this, ”says the CEO Petri Roininen says in a press release.

Net sales in the third half-year were EUR 2.4 million, compared to EUR 1.5 million in the corresponding period a year ago. Inderes expected a turnover of EUR 2.3 million from Investor’s House.

The comparison figures for net sales are affected by the change of IVH Kampus from a subsidiary to an associated company.

“The revenue structure is important for the strategy. We have sought to increase the weight of our service business and we have succeeded. In the last two quarters, the service business has accounted for more than half of the revenue and thus exceeded the rental income from real estate, ”says CEO Roininen.

According to Roininen, capital has been released from long-term real estate holdings and has been allocated to the service business and development projects.

“According to an external valuation, the value of the service business at the end of September was EUR 20.4 million, which is approximately 2.5 times more than a year ago.”

“Our goal is to be the first dividend aristocrat in the real estate and construction industry in Finland. We have progressed for six years with an upward operating result and growing dividends per share. We aim to continue to improve profitability and increase dividends, ”says Roininen.

In accordance with its policy, Investors House guides the full-year operating result (EPRA). The company estimates that the operating result for 2021 will be better than in 2020.

Source: Arvopaperi by

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