Operating income
1259
million CHF operating income
+3.7% year-on-year
EBIT
628
million CHF operating result
+31.3% year-on-year
Profit
609
million CHF profit
+95.7% year-on-year
Interview René Zahnd
Market conditions are intact
Swiss Prime Site ended the 2019 financial year with very positive results. Both segments performed in line with expectations. René Zahnd, CEO of Swiss Prime Site, explains why market prospects are still favourable, why the Company parted with Tertianum, when co-working works well, how to successfully enhance retail spaces and how important sustainability is for the Company as a whole.
René Zahnd
CEO Swiss Prime Site
Interview Peter Lehmann
Our focus is on our customers
For Peter Lehmann, CEO of Swiss Prime Site Immobilien, a strong customer focus is the basis for the positive results in the 2019 financial year. His actions are guided by the ability to identify needs in the market and realise them in projects.
Peter Lehmann
CEO Swiss Prime Site Immobilien
Editorial Dr. Barbara Frei-Spreiter
«Agile and flexible into the future»
Agility and flexibility are two key virtues these days. As a major listed real estate company, we are obliged, and indeed want, to continually develop in order to manage the changing circumstances of our environment and fulfil the needs of our stakeholders. As part of the Board of Directors’ renewal process, we’ve taken additional steps, strengthened committees and set key focal points for the future.
Dr. Barbara Frei-Spreiter
Member of the Board of Directors and
Chair of the Nomination and Compensation Committee
Editorial Urs Baumann
Assuming responsibility
In the reporting year, Swiss Prime Site developed a detailed CO2 reduction pathway for the entire property portfolio. A CO2 mitigation target that falls well below the 2-degree goal set out in the Paris Agreement is being pursued with planned investments of over CHF 650 million by 2050.
Urs Baumann, Head Group Sustainability & Innovation
Materiality analysis
During the 2019 materiality analysis, Swiss Prime Site determined which issues are particularly important to its stakeholders and to safeguarding its short-, medium- and long-term business success. The Company also evaluated which issues have a significant impact on economic, social and environmental development. The materiality analysis thereby forms the basis for the strategic focus of reporting, as well as for the integration of important financial and non-financial issues into the management of the group.
Sustainable Development Goals
The objectives of Swiss Prime Site are based on the Sustainable Development Goals (SDGs) adopted by the UN member states. The 17 SDGs and their 169 constituent targets came into effect on 1 January 2016 for a period of 15 years. They are part of the 2030 Agenda for Sustainable Development and are aimed at governments, the private sector, the scientific community and civil society.
Business model and value creation
At the heart of Swiss Prime Site’s business model lies the evolution of «space within living space». Project development, construction and management, as well as company and third-party utilisation of properties, are key steps in this process. Swiss Prime Site develops and maintains sites and properties in accordance with the highest quality standards and in alignment with current and future market requirements.
CO2 reduction goal and pathway
In the reporting year, Swiss Prime Site developed a detailed CO2 reduction pathway for its entire property portfolio. With planned investments of more than CHF 650 million by 2050, particularly in cladding renovations and heating replacement measures, the goal is a CO2 reduction pathway significantly above the 2-degrees goal of the Paris Climate Accord. In order achieve carbon neutrality in line with the goals of the Swiss government, Swiss Prime Site will also consider CO2 compensation measures.
