24 May 2022

Steiner Group: Pleasing annual results for 2021/2022

The Steiner Group performed well in the 2021/2022 financial year, generating a profit of CHF 49.7 million.
 
In early 2020, Steiner AG announced that it would be transforming its business model in order to focus on real estate development. The company closed the first year under the new business model on 31 March 2022, with very good results. The Steiner Group achieved consolidated sales of CHF 763.6 million in the year under review, based on Swiss GAAP ARR accounting standards. Its business activities produced an outstanding operating result of CHF 49.7 million before interest and taxes. 
 
In the financial year from 1 April 2021 to 31 March 2022, Steiner AG posted solid growth in all of its core business areas. Alongside the strong real estate development business, the high level of construction activity in the total/general contractor (TC/GC) area in French-speaking Switzerland also produced a robust result. Moreover, profits from the sale to investors of privately-owned apartments and developed projects with a total market value on completion of CHF 880 million also contributed to this pleasing result. At the same time, new development projects were acquired with a predicted market value on completion of approx. CHF 1.5 billion. Steiner AG's development portfolio of ongoing real estate development projects has thus expanded and now amounts to CHF 6.4 billion. 
 
Steiner AG
Steiner AG is a leading real estate service provider with a focus on project development and construction. Founded in 1915, it has its headquarters in Zurich and is represented by branches in Basel, Bern, Lucerne, Tolochenaz and Geneva. With a development portfolio worth more than CHF 6 billion, Steiner is one of Switzerland's largest real estate developers. Its portfolio comprises a wide range of residential, office, industrial and logistics projects plus proprietary product innovations such as the Werkarena, Manufakt and Steiner Student Hotel brands. In French-speaking Switzerland, Steiner Construction is the market leader in real estate construction working on the total (design-and-build) and general contractor principle. Steiner AG contributes its 100-plus years of experience to the two recently established business areas: Steiner Financial Initiatives for new investment solutions, and Steiner Digital for digital collaboration platforms serving properties' entire life cycles.
 
Since 2010, the Steiner Group has been part of the Mumbai-based Hindustan Construction Company Ltd. (HCC). 
 
Disclaimer  
The expectations expressed in this media release are based on assumptions. Actual results may diverge from these expectations. This media release is available in German, French and English. The German version is authoritative.
 
Information for the media
Corporate Communications, Steiner AG
Tel.: +41 58 445 20 00, corpcomanti spam bot@steineranti spam bot.ch 

 
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