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13 February 2012

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Austria's Sparkassen Immo posts fairly steady 9mth numbers amid crisis

Austrian listed real estate group Sparkassen Immobilien reported that EBITDA for the first nine months rose by 6% to e49.6m, though EBIT sank by 47% to e45.4m as a consequence of negative revaluation results and higher operating expenses on newly acquired properties.

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