VVO-Yhtymä Oyj - Annual Financial Report

VVO Group plc: CORRECTION TO ENGLISH STOCK EXCHANGE RELEASE: VVO Group plc's Financial Statements 1 January-31 December 2016

VVO GROUP PLC
STOCK EXCHANGE RELEASE
3.3.2017 AT 14.10

CORRECTION TO ENGLISH STOCK EXCHANGE RELEASE: VVO Group plc's Financial
Statements 1 January-31 December 2016

Correction to Key indicators Table in English Stock Exchange release:
Interest bearing liabilities are EUR 2,122.8 million, not Investment
properties.


Key indicators

VVO Group                              10-12/2016 10-12/2015 1-12/2016 1-12/2015
--------------------------------------------------------------------------------
Turnover, M €                                84.6       94.7     351.5     370.9

Net rental income, EUR million               49.6       56.9     222.0     227.4

% of turnover                                58.6       60.1      63.2      61.3

Profit before taxes, EUR million            135.4       57.4     289.7     224.7

Operative result, EUR million                21.8       29.4     116.9     121.4

Investment properties, EUR million(
1))                                                            4,298.9   3,999.2

Financial occupancy rate, %                  97.8       97.9      97.4      97.6

Interest bearing liabilities, EUR
million( 2))                                                   2,122.8   1,494.6

Return on equity (ROE), %                                         12.9      10.8

Return on investment (ROI), %                                      8.8       7.6

Equity ratio, %                                                   40.7      41.1

Loan to Value, % (2))                                             46.7      39.4

Earnings per share, €                       14.58       6.14     31.38     24.23

Shareholder equity per share, EUR                               251.20    234.85

Gross investments, EUR million               87.0       82.4     696.0     235.0

Employees at end of period                                         286       356



1) Contains non-current assets held
for sale

2) Does not contain non-current assets
held for sale


Further information:
VVO Group plc
Jani Nieminen, CEO, tel. +358 20 508 3201
Erik Hjelt, CFO, tel. +358 20 508 3225


VVO Group plc offers rental apartments and housing services in Finnish growth
centres. The vision of the housing investment company is to be a pioneer in
housing and the customer's number-one choice.

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