EQS-News: Noratis AG: 2023 first-half earnings in line with expectations
Earnings before interest and taxes, EBIT, at EUR 2.6 million
- Earnings before interest and taxes, EBIT, at EUR 2.6 million
Eschborn, September 29, 2023. - Noratis AG, a leading portfolio developer of residential real estate in Germany, closed the first half of 2023 in line with expectations.
- Noratis AG continues to expect negative earnings before taxes for the year as a whole, as forecast, with the unplanned, non-cash write-downs additionally impacting earnings.
- Noratis AG does not plan to reclassify any properties from current assets to non-current assets in fiscal 2023.