Von der Heyden Group reports comprehensive improvements
Von der Heyden Group’s holding company TIMAN Investments Holdings Limited, has published the consolidated results for 2021 and reported an improvement in its adjusted EBITDA margin, the generation of positive cash flow from operating activities, increased investment levels while maintaining a strong liquidity position.
The Group holds for capital growth and income generation investments in 37 subsidiaries and associated companies across eight countries in Europe. The Group’s diverse portfolio is spread across four lines of business; its real estate developments, investments and services; hotel accommodation and catering; asset management; and private equity, venture capital and capital markets investments.
These achievements have been recorded despite the longer-term effects of COVID-19 on the global economy, namely the ongoing travel and quarantine restrictions on the tourism sector as well as the disruption in logistics and increase in costs on the real estate industry.
Notwithstanding, the Group managed to improve its adjusted EBITDA margin to 37.2% (2020: 32.1%) of €4,284,456 (2020: €7,540,798) despite the decrease in overall revenue for the year to €11,518,975 (2020:...