Swiss Prime Site

Results

1214

mil­li­on CHF ope­ra­ting inco­me
+5.1% year-on-year

310.9

mil­li­on CHF pro­fit
+1.8% year-on-year

3.80

CHF divi­dend
unch­an­ged year-on-year

2018 was a suc­cess­ful finan­ci­al year for Swiss Prime Site. Ope­ra­ting inco­me rose by 5.1% to CHF 1214.1 mil­li­on, with growth in both the real estate and Ser­vices seg­ments. Pro­fit increa­sed by 1.8% to CHF 310.9 mil­li­on, and inclu­ded reva­lua­ti­on gains in invest­ment pro­per­ties of CHF 67.6 mil­li­on.

Peop­le

6295

employees
+6.5% year-on-year

4513

women
+1.7% year-on-year

449

app­ren­ti­ces
+11.4% year-on-year

At the end of 2018, the Swiss Prime Site Group had 6295 employees across all group com­pa­nies of which around 75% were fema­le and 25% male. To ensu­re a sus­tainab­le flow of know­ledge and indu­stry exper­ti­se, trai­ning and deve­lop­ment will be prio­ri­ti­sed.

Poten­ti­al

2.0

bil­li­on CHF pro­ject pipe­line
-4.8% year-on-year

1.6

mil­li­on mren­tal space
-0.5% year-on-year

4.8

per­cent vacan­cy rate
-7.7% year-on-year

The total value of the deve­lop­ment pipe­line is CHF 2.0 bil­li­on and, tog­e­ther with a port­fo­lio of 190 pro­per­ties and 1.6 mil­li­on m2 of ren­tal space, offers signi­fi­cant future poten­ti­al.

Swiss Prime Site

Results

1214

mil­li­on CHF ope­ra­ting inco­me
+5.1% year-on-year

310.9

mil­li­on CHF pro­fit
+1.8% year-on-year

3.80

CHF divi­dend
unch­an­ged year-on-year

2018 was a suc­cess­ful finan­ci­al year for Swiss Prime Site. Ope­ra­ting inco­me rose by 5.1% to CHF 1214.1 mil­li­on, with growth in both the real estate and Ser­vices seg­ments. Pro­fit increa­sed by 1.8% to CHF 310.9 mil­li­on, and inclu­ded reva­lua­ti­on gains in invest­ment pro­per­ties of CHF 67.6 mil­li­on.

Peop­le

6295

employees
+6.5% year-on-year

4513

women
+1.7% year-on-year

449

app­ren­ti­ces
+11.4% year-on-year

At the end of 2018, the Swiss Prime Site Group had 6295 employees across all group com­pa­nies of which around 75% were fema­le and 25% male. To ensu­re a sus­tainab­le flow of know­ledge and indu­stry exper­ti­se, trai­ning and deve­lop­ment will be prio­ri­ti­sed.

Poten­ti­al

2.0

bil­li­on CHF pro­ject pipe­line
-4.8% year-on-year

1.6

mil­li­on mren­tal space
-0.5% year-on-year

4.8

per­cent vacan­cy rate
-7.7% year-on-year

The total value of the deve­lop­ment pipe­line is CHF 2.0 bil­li­on and, tog­e­ther with a port­fo­lio of 190 pro­per­ties and 1.6 mil­li­on m2 of ren­tal space, offers signi­fi­cant future poten­ti­al.

Markus Meier, CFO Swiss Prime Site

In the Annu­al Report for the finan­ci­al year, Mar­kus Mei­er, CFO of Swiss Prime Site, ana­ly­ses the company’s finan­ci­al results.

Finan­ci­al com­men­ta­ry 2018

2018 was a suc­cess­ful year for Swiss Prime Site, with ear­nings growth of 5.1%. Ope­ra­ting inco­me rose by CHF 59.3 mil­li­on to CHF 1 214.1 mil­li­on year-on-year. Both the core real estate busi­ness and the Ser­vices seg­ment per­for­med well. Real estate increa­sed its ear­nings by 6.4%. Real estate-rela­ted ser­vices grew by 4.8% year-on-year. At CHF 11.2 bil­li­on, the value of the pro­per­ty port­fo­lio grew by 5.4%. At the same time, net yield decrea­sed slight­ly to 3.6%. The vacan­cy rate fell signi­fi­cant­ly from 5.2% to 4.8%. A CHF 5.4 mil­li­on or 1.8% increa­se in pro­fit to CHF 310.9 mil­li­on was repor­ted. Swiss Prime Site anti­ci­pa­tes sta­ble or impro­ving per­for­mance in the most important para­me­ters for 2019 and over the medi­um term.

Finan­ci­al com­men­ta­ry 2018
Markus Meier, CFO Swiss Prime Site

In the Annu­al Report for the finan­ci­al year, Mar­kus Mei­er, CFO of Swiss Prime Site, ana­ly­ses the company’s finan­ci­al results.

2018 was a suc­cess­ful year for Swiss Prime Site, with ear­nings growth of 5.1%. Ope­ra­ting inco­me rose by CHF 59.3 mil­li­on to CHF 1 214.1 mil­li­on year-on-year. Both the core real estate busi­ness and the Ser­vices seg­ment per­for­med well. Real estate increa­sed its ear­nings by 6.4%. Real estate-rela­ted ser­vices grew by 4.8% year-on-year. At CHF 11.2 bil­li­on, the value of the pro­per­ty port­fo­lio grew by 5.4%. At the same time, net yield decrea­sed slight­ly to 3.6%. The vacan­cy rate fell signi­fi­cant­ly from 5.2% to 4.8%. A CHF 5.4 mil­li­on or 1.8% increa­se in pro­fit to CHF 310.9 mil­li­on was repor­ted. Swiss Prime Site anti­ci­pa­tes sta­ble or impro­ving per­for­mance in the most important para­me­ters for 2019 and over the medi­um term.

Results of group com­pa­nies

Swiss Prime Site Immo­bi­li­en

509.2

CHF mil­li­on inco­me
+6.4% year-on-year

The seg­ment rea­li­sed ope­ra­ting inco­me of CHF 509.2 mil­li­on. The increa­se of 6.4% or CHF 30.8 mil­li­on can main­ly be attri­but­ed to the increa­se in ren­tal inco­me and the deve­lop­ment of pro­per­ties and pro­jects. Active vacan­cy rate manage­ment, acqui­si­ti­ons in the cur­rent and pre­vious year, and suc­cess­ful new lea­sing and lea­sing rene­wal activi­ties in par­ti­cu­lar con­tri­but­ed to the increa­se.

59

Employees
+15.7% year-on-year

Win­ca­sa

144.4

CHF mil­li­on inco­me
+1.5% year-on-year

Inco­me from real estate ser­vices of CHF 144.4 mil­li­on [CHF 142.2 mil­li­on] was rea­li­sed. Switzerland’s lea­ding real estate ser­vices pro­vi­der was able to increa­se tur­no­ver slight­ly, thanks to the intro­duc­tion of various ser­vices (e.g. con­struc­tion manage­ment).

920

Employees
–2.1% year-on-year

Ter­tia­num

396.9

CHF mil­li­on inco­me
+10.2% year-on-year

Ter­tia­num is imple­men­ting its growth stra­te­gy and now has 77 resi­den­ces as well as resi­den­ti­al and care cen­tres across Switz­er­land. Ope­ra­ting inco­me of CHF 396.9 mil­li­on (+10.2%) was rea­li­sed.

4679

Employees
+8.7% year-on-year

Jel­mo­li

131.3

Ope­ra­ting inco­me Ser­vices
-3.6% year-on-year

Jel­mo­li – The House of Brands rea­li­sed tur­no­ver of CHF 131.3 mil­li­on [CHF 136.2 mil­li­on]. Despi­te a chal­len­ging year, with tra­ding reve­nue fal­ling across Switz­er­land, the pre­mi­um depart­ment store is hol­ding its own.

628

Employees
+0.8% year-on-year

Swiss Prime Site Solu­ti­ons

8.5

CHF mil­li­on inco­me seg­ment Ser­vices
-14.4% year-on-year

Swiss Prime Site Solu­ti­ons gene­ra­ted inco­me of CHF 8.5 mil­li­on [CHF 9.9 mil­li­on]. The new manage­ment inve­sted in expan­ding the custo­mer base and ser­vices, as well as in employees and infra­st­ruc­tu­re.

9

Employees
-18.2% year-on-year

Results of group com­pa­nies

Swiss Prime Site Immo­bi­li­en

509.2

CHF mil­li­on inco­me
+6.4% year-on-year

59

Employees
+15.7% year-on-year

The seg­ment rea­li­sed ope­ra­ting inco­me of CHF 509.2 mil­li­on. The increa­se of 6.4% or CHF 30.8 mil­li­on can main­ly be attri­but­ed to the increa­se in ren­tal inco­me and the deve­lop­ment of pro­per­ties and pro­jects. Active vacan­cy rate manage­ment, acqui­si­ti­ons in the cur­rent and pre­vious year, and suc­cess­ful new lea­sing and lea­sing rene­wal activi­ties in par­ti­cu­lar con­tri­but­ed to the increa­se.

Win­ca­sa

144.4

CHF mil­li­on inco­me
+1.5% year-on-year

Inco­me from real estate ser­vices of CHF 144.4 mil­li­on [CHF 142.2 mil­li­on] was rea­li­sed. Switzerland’s lea­ding real estate ser­vices pro­vi­der was able to increa­se tur­no­ver slight­ly, thanks to the intro­duc­tion of various ser­vices (e.g. con­struc­tion manage­ment).

920

Employees
–2.1% year-on-year

Ter­tia­num

396.9

CHF mil­li­on inco­me
+10.2% year-on-year

Ter­tia­num is imple­men­ting its growth stra­te­gy and now has 77 resi­den­ces as well as resi­den­ti­al and care cen­tres across Switz­er­land. Ope­ra­ting inco­me of CHF 396.9 mil­li­on (+10.2%) was rea­li­sed.

4679

Employees
+8.7% year-on-year

Jel­mo­li

131.3

Inco­me seg­ment Ser­vices
-3.6% year-on-year

Jel­mo­li – The House of Brands rea­li­sed tur­no­ver of CHF 131.3 mil­li­on [CHF 136.2 mil­li­on]. Despi­te a chal­len­ging year, with tra­ding reve­nue fal­ling across Switz­er­land, the pre­mi­um depart­ment store is hol­ding its own.

628

Employees
+0.8% year-on-year

Swiss Prime Site Solu­ti­ons

8.5

CHF mil­li­on inco­me seg­ment Ser­vices
-14.4% year-on-year

Swiss Prime Site Solu­ti­ons gene­ra­ted inco­me of CHF 8.5 mil­li­on [CHF 9.9 mil­li­on]. The new manage­ment inve­sted in expan­ding the custo­mer base and ser­vices, as well as in employees and infra­st­ruc­tu­re.

9

Employees
-18.2% year-on-year