EPIC Suisse AG / Key word(s): Quarter Results
EPIC Suisse releases high level Q1 2024 numbers in line with majority shareholder's reporting obligations

28-May-2024 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Media release - Ad hoc announcement pursuant to Art. 53 LR

Zurich, 28 May 2024


EPIC Suisse releases high level Q1 2024 numbers in line with majority shareholder's reporting obligations

EPIC Suisse AG (the “Company” and “EPIC”, the consolidated group; SIX: EPIC), publishes today high-level figures1 for the period 1 January 2024 to 31 March 2024 in parallel with its indirect majority shareholder, Alrov Properties & Lodgings Ltd (the “Alrov Group”):

  • Fair value of the portfolio as at 31 March 2024 totals CHF 1.54 billion split into Investment properties in operation at CHF 1’443 million (31 Dec 2023: CHF 1’441 million) and Investment properties under development / construction at CHF 101 million (31 Dec 2023: CHF 94 million)
  • Total income (defined as rental income and other income) for Investment properties in operation for the 3-month period 2024 amounts to CHF 16.7 million (3-months 2023: CHF 16.8 million)
  • Total bank debt as at 31 March 2024 is CHF 619 million (31 Dec 2023: CHF 610 million)
  • The IFRS NAV stands at CHF 814 million as at 31 March 2024 (31 Dec 2023: CHF 805 million)


Financial calendar

Half-Year Report 2024:             21 August 2024
Selected high level numbers YTD 30 September 2024: 26 November 2024

1 In line with the Q1 / 3-month 2024 report published today by EPIC co-founder and indirect majority shareholder Alrov Group on the Tel-Aviv Stock Exchange.

Contact information

Valérie Scholtes, CFO, EPIC Suisse AG, Phone: +41 44 388 81 00, E-mail: investors@epic.ch 

About EPIC Suisse AG

EPIC Suisse AG is a Swiss real estate company with a high-quality property portfolio of over CHF 1.5 billion in market value. It has a sizeable development pipeline and a strong track record in sourcing, acquiring, (re)developing and actively managing commercial properties in Switzerland. EPIC’s investment properties are mainly located in Switzerland's major economic hubs, specifically the Lake Geneva Region and the Zurich Economic Area. Listed on SIX Swiss Exchange since May 2022 (SIX ticker symbol EPIC; Swiss Security Number (Valorennummer) 51613168; ISIN number CH0516131684). More information: www.epic.ch


This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of EPIC Suisse AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. EPIC Suisse AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.

Additional features:

File: Media release (PDF)

End of Inside Information
Language: English
Company: EPIC Suisse AG
Seefeldstrasse 5a
8008 Zürich
Phone: 044 388 81 00
E-mail: info@epic.ch
Internet: www.epic.ch
ISIN: CH0516131684
Valor: 51613168
Listed: SIX Swiss Exchange
EQS News ID: 1911735

End of Announcement EQS News Service

1911735  28-May-2024 CET/CEST