VVO Group plc: CORRECTION TO ENGLISH STOCK EXCHANGE RELEASE: VVO Group plc's Financial Statements 1 January-31 December 2016
VVO GROUP PLC
STOCK EXCHANGE RELEASE
3.3.2017 AT 14.10
CORRECTION TO ENGLISH STOCK EXCHANGE RELEASE: VVO Group plc's Financial Statements 1 January-31 December 2016
Correction to Key indicators Table in English Stock Exchange release:
Interest bearing liabilities are EUR 2,122.8 million, not Investment properties.
Key indicators
| VVO Group | 10-12/2016 | 10-12/2015 | 1-12/2016 | 1-12/2015 |
| Turnover, M € | 84.6 | 94.7 | 351.5 | 370.9 |
| Net rental income, EUR million | 49.6 | 56.9 | 222.0 | 227.4 |
| % of turnover | 58.6 | 60.1 | 63.2 | 61.3 |
| Profit before taxes, EUR million | 135.4 | 57.4 | 289.7 | 224.7 |
| Operative result, EUR million | 21.8 | 29.4 | 116.9 | 121.4 |
| Investment properties, EUR million 1) | 4,298.9 | 3,999.2 | ||
| Financial occupancy rate, % | 97.8 | 97.9 | 97.4 | 97.6 |
| Interest bearing liabilities, EUR million 2) | 2,122.8 | 1,494.6 | ||
| Return on equity (ROE), % | 12.9 | 10.8 | ||
| Return on investment (ROI), % | 8.8 | 7.6 | ||
| Equity ratio, % | 40.7 | 41.1 | ||
| Loan to Value, % 2) | 46.7 | 39.4 | ||
| Earnings per share, € | 14.58 | 6.14 | 31.38 | 24.23 |
| Shareholder equity per share, EUR | 251.20 | 234.85 | ||
| Gross investments, EUR million | 87.0 | 82.4 | 696.0 | 235.0 |
| Employees at end of period | 286 | 356 | ||
| 1) Contains non-current assets held for sale | ||||
| 2) Does not contain non-current assets held for sale |
Further information:
VVO Group plc
Jani Nieminen, CEO, tel. +358 20 508 3201
Erik Hjelt, CFO, tel. +358 20 508 3225
VVO Group plc offers rental apartments and housing services in Finnish growth centres. The vision of the housing investment company is to be a pioneer in housing and the customer's number-one choice.