Commenting on the results, Michael Slattery, Chief Executive Officer of Logicor, said: „2023 was a pivotal year for Logicor and we have reported an excellent set of operating and financial results."
CTP N.V. recorded in H1-2023 Net Rental Income of €268.3 million, up 26.8% y-o-y, and like-for-like rental growth of 7.5%, mainly driven by indexation and reversion on renegotiations and expiring leases. The contracted revenues for the next 12 months stood at €654 million as of 30 June 2023.
MLP Group enjoys a very good financial standing and a safe capital structure enabling the implementation of long-term strategic goals. This is confirmed by the results announced for the first quarter of 2023. During the period, consolidated revenue rose 51% yoy, to PLN 94.7 million, driven by increases in both leased area and rental rates. At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 59%, to PLN 47.8 million. In the first quarter of 2023, MLP Group earned a net profit of PLN 26.1 million. Since the beginning of the year, the Group’s net asset value (NAV) has gone up 1%, to more than PLN 2.5bn. The value of investment property also rose 1%, to close to PLN 4.5bn.
MLP Group has a very good financial standing and a safe capital structure enabling the implementation of long-term strategic goals. This is confirmed by its reported 2022 performance figures. The Group’s Net Assets Value (NAV) went up 37%, to just under PLN 2.5 billion (EUR 532.6 million).
The international transport and logistics company Gebrüder Weiss posted turnover of 3.01 billion euros for fiscal 2022. This translates into a year-on-year gain of 18 percent (2021: 2.54 billion euros), and builds on the positive trend of recent years. “We have succeeded in adhering to and advancing our strategic goals in a challenging environment. We have expanded our position in the core markets of Central and Eastern Europe, the United States and Asia, while moving forward with our focuses on digitalization and climate neutrality by 2030.
Romania's entry into the Schengen Area will bring numerous benefits for the local transport industry, including the elimination of border waiting time, and the increase of transport capacities and the number of orders, according to DSV Road, the third largest global provider of Transport and Logistics services in Europe. The company estimates that accession to Schengen will generate an average increase in business by 20%.
The manufacturer of gypsum plasterboard, plasters and plasters Etex Building Performance (Siniat Romania), part of the Etex Group, recorded in 2021 a turnover of 295 million lei, increasing by 20% compared to 2020, due to the influence positive results of the residential, industrial and logistics construction market. For this year, Etex Building Performance estimates that sales volume will increase by 3-5%, mainly due to the return of commercial and logistics projects.
CTP, Continental Europe’s largest owner, developer and manager of high quality industrial and logistics real estate by gross lettable area (GLA), reported a 306% rise in net profit in the 12 months to 31 December 2021 to €1,026 million, compared with €252.2 million for the same period of 2020.
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