EPIC Suisse AG Reports Solid First Half-Year 2024 Results

Zurich, 21 August 2024 — EPIC Suisse AG announced solid results for the first half of 2024. The company's ongoing development projects, PULSE and Campus Leman, are progressing as planned.

Rental income was CHF 32.6 million for H1 2024, close to H1 2023's CHF 32.9 million. The vacancy rate increased slightly to 4.8% from 4.4%. The weighted average unexpired lease term (WAULT) remained long at 7.9 years.

The company reported an unrealised revaluation gain of CHF 8.7 million, reversing a CHF 5.9 million loss in H1 2023. EBITDA, including revaluation, rose to CHF 34.8 million from CHF 20.7 million. Excluding revaluation, EBITDA was CHF 26.1 million, slightly down from CHF 26.5 million.

EPIC Suisse’s real estate portfolio value increased by 2.8%, reaching CHF 1.58 billion, driven mainly by ongoing projects. The equity ratio remains strong at 49.3%.

Positive progress has been made in the PULSE and Campus Leman projects, with significant rental contracts signed well ahead of completion.