Appeninn Nyrt. has published the proposals and resolutions of its Annual General Meeting and its profit and loss accounts for the last year. The latter show a significant increase in the value of the company's investment property portfolio, which rose by 17 percent compared to the same period in 2019 to a total of more than EUR 172 million (over HUF 63 billion). The company's EBITDA for 2020 shows an increase of 47 per cent, and despite the pandemic, the revenue from property rental remained almost the same compared to the base period of 2019.

The Appeninn Plc. Published at the company's EBITDA (earnings before interest, tax, depreciation and amortisation) for the 2020 financial year increased significantly compared to the base period, reaching EUR 20 million (over HUF 7 billion) in 2020, compared to EUR 14 million (HUF 4.8 billion) in 2019. In 2020, the total value of income-producing investment property increased by 17% to more than €172 million (over HUF 63 billion), an increase of nearly €24 million (around HUF 8.7 billion) compared to 2019.

Rental income from real estate remained almost at the same level as in the base period of 2019, despite the pandemic.

The Board of Directors proposes to the General Meeting that the entire individual profit after tax be transferred to the profit and loss reserve, in line with the objectives set out in the updated business strategy for 2020, in order to ensure dynamic growth and the implementation of ongoing developments.