Warimpex Reports Positive Q1/25 Results Amid Market Challenges

Warimpex Finanz- und Beteiligungs AG (WXF) has shown improvement in Q1/25, despite a challenging economic backdrop. Revenues reached EUR 5.4 million, marking a 9.1% year-over-year increase. The EBITDA rose significantly by 112.5% to EUR 430,000, although net income remained negative at EUR -1.3 million, albeit an improvement over the previous year's EUR -2.6 million.

This quarter's performance was driven by strong results from investment properties and the fully occupied Mogilska 35 office building in Cracow. However, the hotel segment experienced a 20.3% revenue decline, primarily due to a weak German market and reduced occupancy at the greet hotel in Darmstadt.

Looking forward, Warimpex expects to start construction on the Mogilska 31 residential project soon, with total costs estimated at around EUR 30 million. Despite increased interest expenses due to refinancing, the firm retains a "BUY" recommendation, with a 12-month target price of EUR 1.12.