Austria · Delayed Price · Currency is EUR UBM Development AG Earnings Call Transcripts
Fiscal Year 2026
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Positive Q1 2026 results driven by strong residential sales and disciplined financial management, with liquidity up to EUR 168 million and equity ratio at 33.7%. Portfolio rebalancing and affordable housing strategy are progressing, supported by robust market demand and successful asset sales.
Fiscal Year 2025
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Returned to profitability in 2025 with higher-than-expected earnings, strong apartment sales, and a robust cash position. Strategic focus shifts to affordable housing, supported by asset sales and new participation capital, amid ongoing macroeconomic uncertainties.
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Residential sales grew 25% year-over-year, driving a second consecutive profitable quarter and strong balance sheet metrics. High pre-sale rates and a robust pipeline support a positive 2025 outlook, while office and hotel segments face longer recovery timelines.
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Break-even was achieved in Q2, with a strong rebound in residential sales and a robust liquidity position. Profitability is expected in H2 2025, supported by a solid project pipeline and improved balance sheet, despite ongoing market uncertainties and supply shortages.
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Residential sales more than doubled year-over-year, driving a 39.6% revenue increase, though EBT remained negative due to a one-off write-down in Innsbruck. Liquidity was used to repay debt, and a €65 million green hybrid bond was issued, supporting a stable pipeline and positive outlook for 2025.
Fiscal Year 2024
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Residential sales surged, driving optimism for 2025 profitability, while office and hotel segments remain challenged by slow leasing and cost pressures. Strong cash management, successful green bond issuance, and robust balance sheet metrics support resilience.
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Liquidity reached EUR 179 million by mid-2024, with net debt reduced and losses halved year-over-year. Residential sales outpaced all of 2023, and asset disposals boosted cash flow. Focus remains on liquidity for 2024, with profitability targeted for 2025.