Mobimo Holding AG

MOBN

Equity

ISIN CH0011108872 / Valor 1110887

SIX Swiss Exchange (2024-12-23)

CHF 289.50+0.35%

Mobimo Holding AG
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About company

Mobimo Holding AG is a Swiss real estate company that focuses on the acquisition, development, maintenance, and sale of high-value properties. The company's business model is built on a strategy of qualitative growth, leveraging a balanced portfolio mix of commercial, industrial, and residential properties to ensure steady returns and capital gains. Mobimo caters to a diverse clientele, including private individuals, institutional investors, and companies across various sectors, emphasizing professionalism and respect in all its dealings. Its investment strategy prioritizes promising locations within Switzerland, particularly in economic hubs such as Zurich, Lausanne/Geneva, Basel, Lucerne/Zug, Aarau, and St. Gallen. The company also engages in real estate development, including the construction of new investment properties for its own portfolio, site development, and the sale of condominiums, while offering planning and implementation services for third-party investors. Mobimo's financial strategy is marked by solid financing, aiming for equity to represent at least 40% of total assets, supporting its growth and ensuring attractive returns for shareholders.

Summarized from source with an LLMView SourceSector: Finance

Net Rental Income

In the first half of 2024, Mobimo Holding AG reported a net rental income of CHF 62.5 million, a slight decrease of 3.0% compared to CHF 64.4 million in the same period of 2023. This decline reflects the company's ongoing efforts to optimize its property portfolio and manage vacancies effectively.

Profit on Development Projects

Mobimo Holding AG achieved a significant increase in profit from development projects and the sale of trading properties, reaching CHF 12.9 million in HY 2024. This represents a 43.3% rise from CHF 9.0 million in HY 2023, underscoring the company's successful execution of its development strategy.

Net Income from Revaluation

The net income from revaluation for Mobimo Holding AG in the first half of 2024 was CHF 22.0 million, a notable turnaround from a loss of CHF 9.3 million in HY 2023. This positive revaluation reflects favorable market conditions and the enhanced value of the company's property portfolio.

Operating Result (EBIT)

Mobimo Holding AG's operating result (EBIT) for HY 2024 was CHF 83.3 million, marking a substantial increase of 63.9% compared to CHF 50.8 million in HY 2023. Excluding revaluation, the EBIT was CHF 61.3 million, showing a modest growth of 1.9% from CHF 60.1 million in the previous year.

Profit and Earnings Per Share

The profit for Mobimo Holding AG in the first half of 2024 was CHF 65.6 million, a remarkable 91.5% increase from CHF 34.3 million in HY 2023. Earnings per share also saw a significant rise, reaching CHF 9.04 compared to CHF 4.72 in the same period last year. Excluding revaluation, the profit was CHF 47.8 million, up 11.0% from CHF 43.1 million in HY 2023.

Summarized from source with an LLMView Source

Key figures

10.7%1Y

-1.83%3Y

13.9%5Y

Performance

12.9%1Y

17.9%3Y

19.3%5Y

Volatility