On March 4, 2022, an annual media conference with CEO Patrik Stillhart and CFO Mirko Käppeli took place as part of the financial reporting on the 2021 annual results. The event has been recorded and can be accessed via the link below.

2021 is likely to go down in history as a year of transition as life starts to normalise, both socially and in economic terms, in the wake of the COVID-19 pandemic. While our portfolio embraces a geographic focus, it is still broadly diversified in terms of use. In this uncertain environment, that combination proved successful and operating income excluding revaluations and special effects saw substantial gains.

This resulted in net income of CHF 75.6 million in the 2021 financial year, which is CHF 43.3 million or 134.2% above the prior-year figure of CHF 32.3 million. This substantial year-on-year increase is attributable in particular to positive revaluation effects as well as the successful sale of the Hofstrasse 1a/b property in Zug. Net income excluding revaluation and special effects was also boosted considerably, up CHF 5.9 million or 23.0% to CHF 31.8 million (previous year: CHF 25.9 million).

Zug Estates makes a major contribution toward reducing real estate-related CO2 emissions. For more than ten years now, the company has been developing, realising and operating its portfolio of investment properties in line with the principles of sustainability. Generating greenhouse gas emissions of just 1.8 kg per square metre of energy reference area, Zug Estates has become a leader in Switzerland’s real estate sector. Emissions related to the operation of its properties will be at nearly zero in as early as 2023.