India, March 19 -- German real estate major Vonovia SE reported Wednesday a net loss in fiscal 2024, but significantly narrower than last year, mainly with growth in revenues. The company also announced higher dividend, and its fiscal 2025 outlook, expecting higher adjusted EBITDA, a key earnings metric.
The company added that it is very confident as it looks ahead to this year and beyond, with the development of new growth opportunities. Vonovia said it has set a clear target of achieving EBITDA growth of around 30 percent by 2028.
In Germany, on the XETRA, Vonovia shares were losing around 1.4 percent to trade at 25.17 euros.
For fiscal 2025, the company expects to report adjusted EBITDA of between 2.70 billion euros and 2.80 billion e...