on Vonovia SE (ETR:DE000A1M)
Vonovia SE Announces Leadership Transition and Positive Q1 2025 Results
Vonovia SE has reported a strong start to 2025, solidifying groundwork for its future growth strategy. The first quarter of 2025 saw a 15.1% increase in adjusted EBITDA, reaching €698.5 million, driven by growth in non-rental sectors. Additionally, the Supervisory Board has appointed Luka Mucic as the new CEO, effective around the end of the year, succeeding Rolf Buch.
Buch, who's led Vonovia for over 12 years, emphasized the company's strategic initiatives for sustainable growth. These plans include a significant push towards achieving approximately 30% EBITDA growth by 2028, focusing on non-rental segments and sustainable investments.
Property values remained stable, and significant investments in maintenance and modernization were noted. Despite market challenges, Vonovia's vacancy rate stayed low at 2.1%, with a notable improvement in customer satisfaction.
R. H.
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