Allreal increases corporate profit
Allreal increased its 2021 corporate profit by 9 percent year-on-year to CHF 183 million. The expansion of the real estate portfolio in western Switzerland proved to be a growth driver. The General Contracting division scored with successful sales.
In the 2021 financial year, Allreal achieved a company result that was significantly higher than in the previous year, the real estate company with its own general contractor informed in a press release . Specifically, Allreal reported a profit of CHF 182.6 million, compared to CHF 167.2 million in 2020. Excluding the revaluation effect on the real estate portfolio, a profit of CHF 133.3 million was realized.
In the real estate division, Allreal achieved “an excellent result” in the year under review, the press release goes on to explain. The company from Opfikon emphasizes the expansion of its portfolio in western Switzerland as a growth driver. He increased the market value of the investment properties to CHF 5.11 billion. In addition, rental income increased year-on-year by CHF 4 million to CHF 204.4 million.
In general contracting, a profit of 53.4 million francs was realized in 2021, compared to 46.6 million francs in the previous year. Here the company benefited “from high sales success”, writes Allreal. The completed project volume, on the other hand, developed “less dynamically than expected”, as in 2020. The division’s result, at CHF 13.8 million, was nevertheless CHF 6 million higher than in the previous year.
Allreal writes that the backlog of around CHF 694 million secured at the end of the year will ensure capacity utilization for around two years. For the current fiscal year, the company is assuming rising real estate income and further growth in the operating result.