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2 years ago
Vonovia raises 2015 forecast as takeovers boost earnings
November 3, 2015 / 6:12 AM / 2 years ago

Vonovia raises 2015 forecast as takeovers boost earnings

FRANKFURT, Nov 3 (Reuters) - Property group Vonovia raised its earnings guidance for the year after its key operating profit more than doubled to 432 million euros ($476 million) in the first nine months, helped by the quick integration of a clutch of acquisitions.

Vonovia said it expected funds from operations (FFO I) of 590 to 600 million euros to 600 million euros this year, compared with a forecast of 560-580 million euros given in August. ($1 = 0.9076 euros) (Reporting by Jonathan Gould; Editing by Kirsti Knolle)

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