Suomen Hoivatilat Oyj Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2018, 2019 and 2020
For the year 2018, the company estimates that its revenue will be a minimum of EUR 17.5 million. The operating result is estimated to be about 40% of revenue. The fair value of investment properties at the end of 2018 is estimated to be at least EUR 340 million. The guidance is based on the assumption that, in 2018, the company will not make significant purchases or sales of finished investment properties, and that the market yields used in the valuation of real estate will remain as they are.
The company estimates that its revenue will increase by at least 30% per year in both 2019 and 2020. The operating result is expected to be 40% of revenue on average, with an average equity ratio of at least 35% in the period 20182020.