Deutsche Eigenheim Union AG

Earnings Release • Sep 21, 2023

News Details

Corporate | 21 September 2023 11:02

Deutsche Eigenheim Union AG continues positive growth

EQS-News: Deutsche Eigenheim Union AG / Key word(s): Half Year Results/Half Year Report

Deutsche Eigenheim Union AG continues positive growth

21.09.2023 / 11:02 CET/CEST

The issuer is solely responsible for the content of this announcement.

The consolidated earnings before taxes (EBT) are positive as of 30 June 2023 and amount to EUR 25,000 (previous year: EUR -590,000) after unaudited figures. The total operating performance of EUR 5.3 million more than doubled compared to EUR 2.0 million in the previous year and is due to the increased construction activity. Currently, more than 70 units are under construction.

Cash and cash equivalents as of 30.06.2023 increased to EUR 4.5 million. After the reporting date, the existing interest-bearing bank liabilities could thus be repaid. The consolidated half-year result after deduction of deferred taxes amounts to -93 TEUR and represents a significant increase compared to the previous year -591 TEUR.

The 2023 half-year report will be published on the website by 30 September 2023.

About Eigenheim Union Group

The Eigenheim Union Group specialises in the realisation of affordable and sustainable housing quality in the Berlin-Brandenburg metropolitan region. Ready-to-move-in homes for owner-occupiers and capital investors are built in attractive locations. All value-added processes are standardised and covered by the experienced team of the Eigenheim Union Group.

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21.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Deutsche Eigenheim Union AG
	Ringbahnstraße 16/18/20
	12099 Berlin
	Germany
Phone:	+49 30 233 21 36 0
Fax:	+49 30 233 21 36 99
E-mail:	info@deutsche-eigenheim-union.de
Internet:	https://deutsche-eigenheim-union.de
ISIN:	DE000A0STWH9
WKN:	A0STWH
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich
EQS News ID:	1731585

End of News	EQS News Service