PATRIZIA SE to Release Adjusted Annual Report 2024

PATRIZIA SE announced it will publish its Annual Report for 2024 on April 10, 2025, following a retrospective adjustment of financial records for 2022 and 2023. This delay is attributed to new accounting insights concerning the Whitehelm acquisition and associated earn-out payments, previously recorded as liabilities, now recognized as staff costs. Consequently, staff costs will negatively impact EBITDA for the years 2022 to 2024. Despite this, PATRIZIA foresees its 2024 EBITDA falling within the guidance range of EUR 30-60 million.

The accounting change is not expected to influence the company’s operational business or liquidity, and key balance sheet figures have undergone only slight modification. Preliminary results will be disclosed on March 24, 2025, with an analyst and investor call scheduled the same day. These adjustments and the processing of the financial statements necessitate additional time for both the company and its auditors.