Varia Europe Properties AG: presents HY 2023 results

***Ad-Hoc Mitteilung*** Varia Europe Properties (BX Swiss: VARE), a Swiss-based company tailoring investment strategies to the European real estate market, today published its Half-Year 2023 results and provided a business and portfolio update. HY 2023 Key Financials 2023 results and provided a business and portfolio update. HY 2023 Key Financials • Interest income on investments: EUR 1.0 Mio. (HY 2022: EUR 1.0 Mio.) • Net unrealized gain/loss on revaluation of investments: EUR -1.2 Mio. (HY 2022: EUR 0.8 Mio.) • Total revenues: EUR -0.6 Mio. (HY 2022: EUR 1.7 Mio.) • Operating profit incl. revaluation: EUR -0.7 Mio. (HY 2022: EUR 1.5 Mio.) • EBITDA (Operating profit less unrealized revaluation): EUR 0.5 Mio. (HY 2022: EUR 0.7 Mio.) • Net profit/loss for the period: EUR -1.8 Mio. (HY 2022: EUR 1.3 Mio.) • EPS: EUR -0.062 per share (end of 2022: EUR -0.041 per share) • NAV: EUR 0.81 per share (end of 2022: EUR 1.06 share)