Immobilien
EPIC Suisse - releases high level Q1 2023 numbers in line with majority shareholder's reporting obligations
EPIC Suisse AG (the “Company” and “EPIC”, the consolidated group; SIX: EPIC), publishes today high- level figures1 for the period 1 January 2023 to 31 March 2023 in parallel with its majority shareholder, Alrov Properties & Lodgings Ltd (the “Alrov Group”):
Fair value of the portfolio as at 31 March 2023 totals CHF 1.52 billion split into Investment properties in operation at CHF 1’450 million (31 Dec 2022: CHF 1’448 million) and Investment properties under development / construction at CHF 66 million (31 Dec 2022: CHF 54 million)
Total income (define das rental income and other income)for Investment properties in operation for the 3-month period 2023 amounts to CHF 16.8 million (Q1 2022: CHF 15.6 million)
Total bank debt as at 31 March 2023 is CHF 595 million (31 Dec 2022: CHF 596 million). The IFRS NAV stands at CHF 827 million as at 31 March 2023 (31 Dec 2022: CHF 818 million)
Financial calendar
Half-Year Report 2023 : 21 August 2023 Selected high level numbers YTD 30 September 2023 : 23 November 2023 Annual Report 2023 : 25 March 2024 Annual General Meeting of Shareholders 2024 : 25 April 2024
EPIC Suisse AG is a Swiss real estate company with a high-quality property portfolio of about CHF 1.5 billion in market value. It has a sizeable development pipeline and a strong track record in sourcing, acquiring, (re)developing and actively managing commercial properties in Switzerland. EPIC’s investment properties are mainly located in Switzerland's major economic hubs, specifically the Lake Geneva Region and the Zurich Economic Area. Listed on SIX Swiss Exchange since May 2022 (SIX ticker symbol EPIC; Swiss Security Number (Valorennummer) 51613168; ISIN number CH0516131684). More information: www.epic.ch
