Noratis released yesterday its preliminary FY18 figures, posting an increase in EBIT from €15.2m in FY17 to €15.6m. EBT amounted to €12.8m (FY17: €12.2m) and net income rose to €9.3m (€8.6m). The company will propose a dividend of €1.30 per share, in line with Noratis’ policy to pay out 50% of its net income.
In the period, Noratis reached its goal to expand the company’s real estate portfolio, whose value is at €176m, compared with last year’s €99.2m. For 2019, Noratis expects its EBIT and EBT will stand at similar levels as in FY18 and FY17. Noratis will publish its final FY18 results on 30 April 2019.