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Prelios SpA (PCRE.MI)

PCRE.MI on Milan Stock Exchange

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21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Prelios FY turnover up at EUR 76.8 mln
Thursday, 13 Apr 2017 10:24am EDT 

Prelios SpA : FY turnover 76.8 million euros ($81.58 million) versus 66.4 million euros a year ago .FY consolidated EBIT was 4.1 million euros, a significant improvement compared to 2015 (-0.8 million euros).  Full Article

Prelios confirms FY 2016 estimates
Tuesday, 20 Dec 2016 11:48am EST 

Prelios SpA : Confirms estimates for 2016 that were communicated on Nov. 10 [nBIA102b0] . Confirms last estimates for 2016 related to the central cost (G&A) reductions trend and the management services platform EBIT (between 10 million euros and 12 million euros) . Expects revenues from management and services platform, at end of 2016, to be below the target previously announced (between 75 million euros and 80 million euros) but improved over 2015 . Board also approves the launch of an assessment process with the aim of evaluating the feasibility of possible transactions, including partnerships .Possible transactions are related to the property management business in Germany and the fund management business in Italy.  Full Article

Prelios appoints Sergio Cavallino CFO
Thursday, 25 Aug 2016 04:12am EDT 

Prelios SpA :Said on Wednesday it appointed Sergio Cavallino Chief Financial Officer, effective as of Aug. 24.  Full Article

Prelios H1 net loss widens to EUR 23.3 mln
Thursday, 28 Jul 2016 11:53am EDT 

Prelios SpA : H1 revenue 34.1 million euros ($37.81 million) versus 32.8 million euros a year ago .H1 net loss 23.3 million euros versus loss 13.1 million euros a year ago.  Full Article

Prelios to start tender to sell residual portfolio of fund "Tecla - Fondo Uffici"
Thursday, 7 Jul 2016 05:00am EDT 

Prelios SpA : Said on Wednesday that the board of Prelios SGR decided to start a tender for the en-bloc sale of fund "Tecla - Fondo Uffici" residual portfolio, net of the properties that are subject to preliminary sales agreements .The duration of fund "Tecla - Fondo Uffici" comes to an end on Dec. 31, 2017.  Full Article

Prelios Q1 net loss widens to EUR 9.6 mln
Thursday, 12 May 2016 11:48am EDT 

Prelios SpA : Q1 net loss 9.6 million euros ($10.92 million) versus loss 6.1 million euros a year ago .Q1 revenue 15.6 million euros versus 16.0 million euros year ago.  Full Article

Prelios SpA FY net loss shrinks to EUR 44.5 mln; CEO Sergio Iasi resigns - Reuters News
Monday, 21 Mar 2016 11:39pm EDT 

Prelios SpA:Reported on Monday FY net loss of 44.5 million euros ($50.01 million) versus loss of 61.2 million euros a year ago - RTRS.FY total operating revenues 82.2 million euros versus 83.4 million euros a year ago.Sergio Iasi resigned as CEO having met the goals he set out to achieve.Board set up a general management department without appointing for the time being a new CEO and appointed Riccardo Serrini general manager.2017 economic targets confirmed for both turnover and EBIT and central costs reduction.  Full Article

Prelios SpA sells all unexercized option rights in cash call
Tuesday, 1 Mar 2016 05:10am EST 

Prelios SpA:All of the 251,496,500 option rights not exercised during the subscription period with an overall value of about 34,522.55 euros have been sold, which allow for the subscription of 226,346,850 shares, with an overall value of about 23.3 million euros.Unexercized option rights offer relates to the offering for the maximum number of 646,145,631 newly issued Prelios ordinary shares.  Full Article

Prelios SpA subscribes 20 million euros of Focus Investments participating financial instruments
Wednesday, 24 Feb 2016 07:00pm EST 

Prelios SpA:Subscribes 20 million euros of participating financial instruments issued by Focus Investments SpA.Focus Investments is a special purpose vehicle to which the property investments and co-investments business of Prelios has been transferred.Prelios is released in full from its joint liability for the debt transferred to Focus Investments, equal to about 176 million euros as from the effective date of the contribution.  Full Article

Prelios SpA unit to be advisor for sale of three real estate complexes in Milan‍
Thursday, 21 Jan 2016 07:00pm EST 

Prelios SpA:Unit Prelios Agency receives three mandates as exclusive advisor for the sale of three real estate complexes in Milan‍.  Full Article

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BRIEF-Prelios FY turnover up at EUR 76.8 mln

* FY turnover 76.8 million euros ($81.58 million) versus 66.4 million euros a year ago