About Us

Development of Economic Indicators

ASSETS470 740984 1572 192 0112 648 6164 447 8087 366 380
REVENUES160 178236 833825 0891 021 7091 871 9433 843 965
EBITDA35 78340 028121 782162 246326 973579 901

Numbers are in thousands of crowns
* Consolidated result for 2018

Czech Real Estate Investment Fund

AUM (assets under management)4,844,116
Value of real property held7,000,000

Figures are provided in thousands of CZK

Activity Report

Development of total assets, turnovers, equity

Shares in assets for 2018

The group’s continued development saw total assets rise to CZK 7.36 billion in 2018. Traditionally, the real estate division has provided the largest contribution to the group’s assets.  Our portfolio includes over forty retail parks, shopping centres and individual buildings throughout the Czech Republic.

Shares in turnover for 2018

In 2018, we generated consolidated turnover of more than CZK 3.84 billion, a significant year-on-year increase of +105.7% compared to 2017. In the real estate segment, we continue to acquire commercial projects and have newly expanded this segment with our own construction projects. In telecommunications, we completed the consolidation of ISPs at the end of 2018 and successfully exited the project. Real estate and telecommunications have become key segments, accounting for over 3/4 of the group’s turnover.

Development of the EBITDA indicator

EBITDA exceeded CZK 320 million in 2017, double that of the previous year, 2016.

This dynamic growth continued in 2018, with EBITDA reaching CZK 579 million.

Development of indebtedness and leverage

The general levels of indebtedness (80%) and leverage (5.1) are at the usual long-term levels given the dynamic development and key investment sectors. Real estate and telecommunications are conservative investment fields that generate long-term stable cash flows.

Equity is set to provide long-term growth; it reached CZK 1.443 billion in 2018.