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publity AG
Earnings Release • Jan 31, 2018
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Earnings Release
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News Details
Corporate | 31 January 2018 14:41
publity results for 2017 expected to be at least 10 million euros
DGAP-News: publity AG / Key word(s): Preliminary Results/Final Results
31.01.2018 / 14:41
The issuer is solely responsible for the content of this announcement.
Leipzig, 31 January 2018 – publity AG (Scale, ISIN DE0006972508) underlines its earnings forecast for 2017 as part of the preparation of the annual financial statements in accordance with HGB accounting.
As reported (see ad hoc of 26.1.2018), a clearly positive result on earnings after tax is expected. On the basis of the current status of its annual financial statements, publity is expecting earnings after tax to be more than EUR 10 million. The year-on-year decline resulting from the sale of properties (around EUR 280 million) that was put back to 2018.
Positioning and outlook for asset management are still considered to be good. Overall, assets under management totaled more than EUR 4.6 billion at the end of 2017. Property sales had little impact on the level of assets under management, with asset management at publity AG basically remaining unchanged. More detailed preliminary figures for the 2017 financial year are expected to be published February 20 th .
Press Contact:
Finanzpresse und Investor Relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Telefon: +49 69 905505-52
E-Mail: [email protected]
About publity
publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterised by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.
31.01.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | publity AG |
| Landsteinerstr. 6 | |
| 04103 Leipzig | |
| Germany | |
| Phone: | 0341 26178710 |
| Fax: | 0341 2617832 |
| E-mail: | [email protected] |
| Internet: | www.publity.de |
| ISIN: | DE0006972508 |
| WKN: | 697250 |
| Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |