2018 has been a record-breaking year, and was marked by EBITDA of 75.1 MEUR, a net result of 56.8 MEUR, in excess of 500 MEUR of market capitalisation, more than 820,000 m² of projects in development as well as our expansion towards a sixth country.
IMMOBEL brings forward the acquisition of Parisian property group Nafilyan, which it now fully owns. Expansion in France can now intensify.
As from 1st July, Marnix Galle, the current Executive Chairman of the Board of Directors, will temporarily combine his duties as Executive Chairman with those of Group CEO.
The Group’s current CEO, Alexander Hodac, who, together with Marnix Galle, was the architect of IMMOBEL’s transition following the merger with ALLFIN, will be leaving the Group on 30 June, in accordance with his commitment to stay three years after the merger. He will be taking up other professional challenges in the autumn.
2018 was a year of acquisition and consolidation for IMMOBEL Luxembourg. The subsidiary of the group – which is the largest Belgian property development company listed on the Brussels Stock Exchange – recorded some excellent results and expanded its Luxembourg portfolio with the acquisition of 52,000m² of space in premium locations in the capital and its immediate surroundings.
For 2018, the Board of Directors proposed the payment of a dividend of 2.42 EUR per share in circulation.