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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Swiss Züblin boosts 2008/9 cash-flow, but 12% value cut brings loss
One of Switzerland's largest listed property groups, the Zürich-based Züblin, boosted operating cash flow by 7% last year, primarily by cutting costs. However it devalued its portfolio by CHF238m or 12% due to the ongoing financial crisis, which resulted in a net loss for the year of CHF202m. The loss was equivalent to CHF3.05 per fully diluted share.