Warimpex succeeds across Europe

Real estate developer Warimpex Finanz- und Beteiligungs AG (Warimpex) had a good 2010, business figures presented today (Fri) confirm.The firm’s turnover climbed by 20 per cent to 102.7 million Euros year on year while earnings before interest and taxes (Ebit) were 24.4 million Euros after a loss of 71.8 million Euros in 2009.Company boss Franz Jurkowitsch said he expected his firm to increase its turnover by 15 to 20 per cent year on year in 2011. The businessman added that Warimpex had the potential to achieve 10 to 14 million Euros more Ebit this year than in 2010.Warimpex was founded in 1982. It is based in Vienna and has representations in Budapest, Hungary, Prague, the Czech Republic, Warsaw, Poland and St. Petersburg, Russia. Jurkowitsch said it did best in Germany, France and Poland last year, adding that growth in Romania was weaker.The company entered the Vienna Stock Exchange (WBAG) four years ago. One share was worth 2.70 Euros at 1pm today.