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Annual Report 2018

The group

IMMOBEL is the largest listed Belgian property developer. Ever since its foundation in 1863, the Group develops and markets innovative urban projects in response to the needs of cities and their inhabitants. Thanks to its bold strategy and its 200 talents, IMMOBEL has diversified its expertise in various sectors such as residential, offices, retail, urban mixed- use developments, as well as housing estates and hospitality, and has now reached a market capitalisation in excess of 500 MEUR, thereby imposing itself as one of the market leaders.

IMMOBEL continues its pan-European expansion with a portfolio exceeding 820,000 m2 of developments spread over 6 countries (Belgium, the Grand Duchy of Luxembourg, Poland, France, Spain and Germany) and assumes its corporate responsibility by giving back a part of its profits in support of charitable projects in the Health, Cultural and Social Inclusion domains. The Group is implementing a sustainable vision for urban development and is working towards becoming a CO2-efficient company.

2018 has kept its promises. It has been an exceptional year, which saw IMMOBEL become a truly pan-European organisation. Marnix Galle,
Executive Chairman

Key figures

Evolution of the portfolio by country - Before IFRS 11 (MEUR)
Belgium
Luxembourg
Poland
Evolution of the portfolio by segment - Before IFRS 11 (MEUR)
Offices
Residential
Landbanking
Operating result / net result (MEUR)
Operating result
Net result, group’s share

326.1 MEUR
revenues in 2018

75.1 MEUR
EBITDA

56.8 MEUR
net result

344.7 MEUR
equity

Key figures

shareholders

Share price evolution over a 5-year period (EUR)
Dividend evolution over the past 5 years (EUR)
Shareholder information

Activity Report

New markets

In line with its international expansion strategy, IMMOBEL is breaking into new markets and new segments. It is strengthening its European presence in the residential and office sectors in France, in the Grand Duchy of Luxembourg and in Poland, as well as developing a new line of business in Spain with a luxury hotel complex project. Finally, IMMOBEL is entering the German market with the acquisition of a residential tower, the architectural quality of which should make it truly stand out.

Social Responsability

As a major player in urban development, IMMOBEL is determined to assume its societal responsibility in full. In 2018, the Group created a fund designed to support organisations and associations working mainly in the fields of health, culture and social inclusion. It also has the goal of becoming a CO2-efficient company and acts daily in this direction.

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