EQS-News: CPI Europe releases unaudited financial results for the first half of 2025
EQS-News: CPI Europe AG / Key word(s): Half Year Results/Real Estate
CPI Europe releases unaudited financial results for the first half of 2025
28.08.2025 / 18:15 CET/CEST
The issuer is solely responsible for the content of this announcement.
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CPI Europe AG
Wienerbergstrasse 9
1100 Vienna, Austria
FN 114425y Commercial Court in Vienna
VAT ID: ATU 37681807
Data Processing Register No. 0607274
Press Release – Corporate News
Vienna, 28 August 2025
CPI Europe releases unaudited financial results for the first half of 2025
• Rental income declined slightly year-on-year to €280.6 million due to
strategic sales
• EBIT increased to €324.8 million
• Net profit rose to €211.0 million
• FFO 1 after tax was €131.3 million
• Cash and cash equivalents at €616.2 million
• Equity ratio of 46.9% and substantially lower net LTV of 43.0%
KEY DATA Q1–2 2025 Q1–2 2024 Δ IN %
Rental income € million 280.6 292.5 (4.1)
Results of asset management € million 233.4 249.8 (6.6)
Results from owner-operated hotels € million 1.5 3.4 (56.8)
Results of property sales € million (6.2) 5.5 n. a.
Results of property development € million (0.5) (0.3) (89.2)
Results of operations € million 195.1 221.9 (12.1)
Revaluation result from standing
investments and goodwill € million 129.7 (82.5) n. a.
Operating profit (EBIT) € million 324.8 139.4 ≥ +100.0
Financial results € million (79.1) (41.7) (89.7)
Earnings before tax (EBT) € million 245.7 97.7 ≥ +100.0
Net profit € million 211.0 43.0 ≥ +100.0
FFO 1 after tax € million 131.3 149.9 (12.4)
Revaluation result from standing investments and goodwill totalled
€129.7 million and reflects the market stabilisation which began in 2024.
Financial results declined in comparison with the previous year to –€79.1
million, mainly due to non-cash negative valuation effects from interest
derivatives in the first half of 2025.
Optimised property portfolio
CPI Europe’s property portfolio includes 368 assets with a combined value
of €7,716.0 million as of 30 June 2025. Standing investments represented
€7.552,2 million, or 97.9% of the carrying amount, and 3.1 million sqm of
rentable space. The occupancy rate equalled 94.0%. The weighted average
unexpired lease term by rental income (WAULT) equalled 3.9 years. Sales of
non-core assets totalled €551.7 million at the end of June 2025.
Robust balance sheet and successful financing
CPI Europe had a robust balance sheet structure as of 30 June 2025 with an
equity ratio of 46.9% and a substantially lower net loan-to-value (net
LTV) of 43.0%. Cash and cash equivalents amounted to €616.2 million.
Approximately 96.5% of financial liabilities were hedged against changes
in interest rates. CPI Europe was also successful in refinancing during
the reporting period: financing of more than €330 million was concluded
for the STOP SHOP portfolio in the Czech Republic, Serbia, Slovenia and
Italy and for an office property in Budapest. In addition, €129.6 million
of the corporate bond due in 2027 was repurchased. These transactions
further improved the maturity profile of debt.
The IFRS book value per share rose to €30.09. The EPRA NTA per share
improved to €32.75 as of 30 June 2025, and reflects the net profit
generated in the first half of 2025.
Adjusted portfolio strategy
CPI Europe and S IMMO aligned their corporate strategies and portfolio
orientation in August 2025 with the asset classes of CPI Property Group.
Specifically, the existing types of use office and retail were expanded to
include the relevant asset classes and core markets of the parent company.
This step is intended to further optimise the companies’ investment
profile through increased portfolio diversification. There will be no
changes in the group-wide ESG strategy or the goal to provide tenants in
all of the company’s core markets with highly attractive properties.
The half-year financial report by CPI Europe AG as of 30 June 2025 will be
available on the company’s website under [1]cpi-europe.com starting on 28
August 2025.
Interim report for the first half of 2025 by S IMMO AG
S IMMO AG published its results on the first half of 2025 yesterday. Total
revenues rose to €184.9 million. This improvement resulted mainly from a
good like-for-like performance. Rental income totalled €113.1 million.
Gross profit improved to €110.0 million, while EBITDA benefited from sound
operating development and increased to €130.1 million. Net profit rose to
€95.8 million compared with the same period last year. This increase was
supported primarily by non-cash effects in financial results, a decline in
administrative expenses, higher operating results and income from property
sales. Earnings per share equalled €1.36.
Additional details are provided in the interim report for the first half
of 2025 which is available on the S IMMO website under [2]simmoag.at.
For additional information contact:
Investor Relations and Corporate Communications
CPI Europe AG
Simone Korbelius
Investor Relations and Corporate Communications
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
communications@cpi-europe.com
Investor.Relations@cpi-europe.com
S IMMO AG
Sylwia Milke
Investor Relations and Corporate Communications
T +43 (0)1 22 795 1123
sylwia.milke@simmoag.at
For more CPI Europe content, visit our website: [3]cpi-europe.com
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28.08.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: CPI Europe AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2291
Fax: +43 1 88090 – 8291
E-mail: Investor.Relations@cpi-europe.com
Internet: http://cpi-europe.com/
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart, Tradegate Exchange; Warschau, Vienna Stock
Exchange (Official Market)
EQS News ID: 2190174
End of News EQS News Service
2190174 28.08.2025 CET/CEST
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