PHM Group Holding, a Finnish real estate service group, recently released impressive financial figures for the period of January to May. The company’s turnover increased by 44.6 percent to EUR 339.4 million from EUR 234.7 million in the same period last year. This growth was driven by the expansion of the contract base and additional sales, as well as successful acquisitions and price increases.
PHM’s profitability also improved significantly due to these factors, as well as synergies and operational enhancements resulting from previous business acquisitions. During the review period, the group completed a total of eleven acquisitions in its operating countries, expanding into new geographical areas. In addition to these acquisitions, PHM issued an additional tranche of 35 million euros in secured senior variable rate bonds, which were met with high demand from investors.
Following the review period, PHM completed one acquisition each in Finland and Sweden, and acquired a Swiss company, Investis Group, which offers residential and commercial property management services through its subsidiaries. These moves further strengthened PHM’s position as a leading provider of real estate services in its region.
