Key figures Intershop Group
2023
2022
2021
2020
2019
2018
FINANCIALS
Net rental income
m CHF
71.8
68.3
66.8
70.4
73.9
78.2
Net gains from property disposal 3)
m CHF
31.6
133.2
106.1
33.4
7.4
82.0
Changes in fair value of properties
m CHF
12.0
-1.6
32.3
13.4
16.6
16.2
Operating result (EBIT)
m CHF
105.2
191.6
195.1
107.6
88.9
166.7
Earnings before taxes (EBT)
m CHF
99.2
185.6
187.3
98.8
79.1
154.4
Net profit
m CHF
82.5
145.5
144.2
78.4
71.0
119.6
Net cash from operations
m CHF
81.2
4.9
33.3
45.6
36.0
23.1
Investments in real estate
m CHF
77.1
83.6
84.1
61.7
35.3
37.1
Total assets
m CHF
1,400.0
1,456.3
1,426.7
1,378.3
1,343.0
1,454.5
Total value of property portfolio
m CHF
1,375.3
1,393.5
1,387.3
1,333.3
1,312.8
1,302.7
Financial liabilities
m CHF
381.3
394.9
428.9
465.1
504.0
589.0
Shareholders' equity
m CHF
867.3
878.8
809.7
710.6
666.1
690.1
Return on equity 1)
9.6%
17.8%
20.1%
11.8%
10.9%
19.3%
Return on equity excl. changes in fair value of properties 1)
8.6%
18.2%
17.0%
10.3%
9.2%
17.3%
PORTFOLIO
Number of investment properties
27
29
39
40
42
43
Number of development properties 3)
16
20
12
12
12
11
Lettable area
in m2
502,181
517,468
513,253
544,440
565,880
578,127
Gross yield 2), 4)
5.6%
5.4%
5.4%
6.0%
6.2%
6.3%
Net yield 2), 5)
4.9%
4.7%
4.7%
5.2%
5.4%
5.4%
Vacancy rate investment portfolio
7.4%*
10.0%*
9.2%*
11.3%
8.0%
9.8%
Vacancy rate development properties
18.4%*
20.2%*
19.8%*
31.0%
33.7%
36.0%
Vacancy rate total portfolio
10.7%
13.3%
12.8%
14.1%
11.4%
14.2%
PERSONNEL
Number of employees
70
65
74
71
72
70
SHARE
Earnings per share 6)
CHF
44.76
78.18
75.92
41.67
37.33
59.84
Earings per share excl. changes in fair value of properties 7)
CHF
39.99
80.19
64.22
36.44
31.47
53.60
Net Asset Value per share (NAV) 8)
CHF
470.47
476.70
426.40
374.02
354.33
347.69
Share price at balance sheet date
CHF
615.00
603.00
612.00
615.00
567.00
488.00
Dividend per share 9)
CHF
27.50
50.00
25.00
25.00
25.00
22.00
1)
Based on average shareholders' equity during the period, see «Alternative performance measures», Annual report 2023, page 138
2)
Figures relate to investment properties at the balance sheet date
3)
Including promotional properties
4)
Effective annual gross rental income in proportion to the market value of the properties as at the balance sheet date, see «Alternative Performance Measures», Annual report 2023, page 138
6)
See «Earnings per share», Annual report 2023, page 102
7)
After deducting changes in fair value of properties and associated deferred tax, see «Earnings per share», Annual report 2023, page 102
8)
See «Net asset value per share», Annual report 2023, page 97
9)
2023: Proposal of the Board of Directors; 2022: Payment of an ordinary dividend of CHF 25 and a one-off extraordinary dividend of CHF 25 per share
*
Numbers corresponds to the new presentation as of 01.01.2022