On 30 November 2022, the investment branch was separated from the HB Reavis Holding S.A. group and two separate branches were formed – a pure development branch (HB Reavis Holding S.A.) and an investment branch (HB Reavis Investments Holding S.A.). The results presented for 2022 are from the Consolidated Financial Statements of HB Reavis Holding S.A. and relate to the development branch of the Group.
Operating profit excluding third-party borrowing costs, based on data from the consolidated financial statements prepared under IFRS, audited by KPMG.
Interest bearing liabilities from third parties (excl. other indebtedness) less cash to Group total assets.