Patrizia doubles operating income and ups 2018 guidance

After having doubled its operating income, Patrizia is now increasing its 2018 profit forecast. "Our completed integration to create one Patrizia is now delivering on all fronts", says the German property company's CFO.

Patrizia's Augsburg headquarters in Bavaria in southern Germany. | Photo: PR.

Augsburg-based asset manager Patrizia owns real estate in Denmark worth a two-digit billion kroner sum, and is increasing its forecast for operating profit in 2018. It is now predicting more than EUR 140 million compared to a previous forecast of EUR 100 million to 110 million, Patrizia writes in a company announcement.

At the same time, operating income more than doubled to EUR 98.1 million from EUR 46.6 million in the first nine months of 2017.

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