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Accentro Real Estate AG
Earnings Release • Aug 11, 2017
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Earnings Release
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Media | 11 August 2017 08:00
Accentro Real Estate AG: ACCENTRO Half-Yearly Accounts: Expectations Met, Annual Forecast Reaffirmed
DGAP-Media / 11.08.2017 / 08:00
PRESS RELEASE
ACCENTRO Half-Yearly Accounts: Expectations Met, Annual Forecast Reaffirmed
– Semi-annual result of EUR 5.8 million from continuing operation
– EBIT growth anticipated in H2, annual EBIT forecast of EUR 34 million reaffirmed
Berlin, 11. August 2017 – The Berlin-based company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) met expectations with a mid-year result of EUR 5.8 million from its continuing operation. ACCENTRO therefore reaffirmed its EBIT forecast for the 2017 financial year in the amount of EUR 34 million.
Key Ratios for the First Half-Year 2017
Year-on-year comparison (01 January 2016 through 30 June 2016)
| H1 2017 | H1 2016 | |
| Consolidated revenues, in EURm | 42.7 | 53.2 |
| Gross profit, in EURm | 15.0 | 19.6 |
| EBIT, in EURm | 11.2 | 15.7 |
| Consolidated income, in EURm | 5.8 | 8.3 |
| Earnings per share, in EUR | 0.21 | 0.30 |
| Total assets, in EURm | 314.5 | 300.6 |
Robust Second Half-Year Expected
“By the end of the second half year, transactions already notarised and initiated will translate into considerably higher revenues and profits than those of the mid-year result,” said Jacopo Mingazzini, the CEO of ACCENTRO Real Estate AG. “With this in mind, we reaffirm our EBIT forecast for 2017. Despite sound sales revenues we continued to increase our total assets. On today’s competitive housing market, this is hardly a foregone conclusion.”
The full-length semi-annual report for the 2017 financial year is available for download at http://www.Accentro.ag/investor-relations/finanzberichte in English and German. The consolidated financial statements on which this report is based were prepared in accordance with the International Financial Reporting Standards (IFRS).
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed residential property company. Its core business consists of tenant-sensitive housing privatisations. The company’s subsidiary ACCENTRO GmbH is the market leader for housing privatisation services in Germany. In addition to Berlin, current project and property locations include Leipzig, Hanover, Hamburg and – since July 2017 – Cologne.
ACCENTRO Real Estate AG has its registered office in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange (German securities code number [WKN]: A0KFKB).
Media and Public Relations Contact:
Karl Jann, PB3C GmbH
E [email protected] T +49 (0)30 – 72 62 76 1615
End of Media Release
Issuer: Accentro Real Estate AG
Key word(s): Real estate
11.08.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Accentro Real Estate AG |
| Uhlandstr. 165 | |
| 10719 Berlin | |
| Germany | |
| Phone: | +49 (0)30 – 887 181 – 0 |
| Fax: | +49 (0)30 – 887 181 – 11 |
| E-mail: | [email protected] |
| Internet: | www.accentro.ag |
| ISIN: | DE000A0KFKB3 |
| WKN: | A0KFKB |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP Media |