Aroundtown SA (DE:AT1) has released an update.
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Aroundtown SA has reported a slight decrease in net rental income for Q1 2024 but maintained a stable economic outlook with confirmed guidance for the year. The company showcased a resilient financial performance with a slight increase in Adjusted EBITDA and continued strength in its balance sheet through strategic disposals and new financing. Despite a challenging environment, Aroundtown’s operations led to a net profit of €102 million, underlining its position as a leading commercial real estate entity in Europe.
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