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Traumhaus AG
Regulatory Filings • May 4, 2021
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Corporate | 4 May 2021 09:30
Traumhaus AG: Shortage of building materials: Traumhaus AG well positioned
DGAP-News: Traumhaus AG / Key word(s): Real Estate/Miscellaneous
04.05.2021 / 09:30
The issuer is solely responsible for the content of this announcement.
DGAP-News: Traumhaus AG
DGAP-News: Traumhaus AG / Key word(s): Real Estate / Serial Construction / Material Supply /Raw Materials
Shortage of building materials: Traumhaus AG well positioned
Wiesbaden, May 4, 2021 – The construction industry is currently experiencing a shortage of raw materials across all materials, which is leading to delivery delays and, in some cases, immense price increases. To what extent is Traumhaus AG in Wiesbaden affected by the shortage of building materials?
“We have a long-standing and trusting working relationship with the same strong business partners who have had the foresight to stock up on materials in good time for us as well. Our business model of serial production allows us to agree annual order quotas rather than ordering project by project, as is common in our industry. This shows that reliable and constant buyers like Traumhaus AG have a clear advantage when working with their suppliers. Although we are observing a shortage on the raw materials market, from today’s perspective Traumhaus is marginally affected by it,” summarizes CEO Otfried Sinner.
In the short term, the shortage of raw materials has already led to an increase in the price of wood, synthetic insulating materials and steel, and in the medium term there will probably be further increases in the price of raw materials. Otfried Sinner: “Due to the serial construction method and the well-balanced margin mix of project development and construction services, Traumhaus is only slightly affected by raw material price increases.”
About Traumhaus AG
Traumhaus AG, founded in 1993 and headquartered in Wiesbaden, Germany, is an experienced provider of innovative settlement concepts and serial construction in solid construction. The enterprise covers the entire creation of value chain: of property purchase (starting from 3,500 square meter) and project development over building and marketing up to the following support of the real estates. The guiding principle is: “We have the solution for affordable housing!” The key success factor for this is the sophisticated standardization of all process steps. Since August 2018, the company has been listed on the Munich Stock Exchange in the m:access market segment, as well as in over-the-counter trading on the Frankfurt Stock Exchange and in Xetra trading.
Traumhaus AG Investor Relations
Michael Bussmann
+49 6122 58653 – 68
Traumhaus AG Press Spokesperson
Christine Stein
+49-6122-58653-555
04.05.2021 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: | Traumhaus AG |
| Borsigstraße 20a | |
| 65205 Wiesbaden | |
| Germany | |
| Phone: | +49 (0) 6122 586 53 0 |
| Fax: | +49 (0) 6122 586 53 53 |
| E-mail: | [email protected] |
| Internet: | www.traumhaus-familie.de |
| ISIN: | DE000A2NB7S2 |
| WKN: | A2NB7S |
| Listed: | Regulated Unofficial Market in Frankfurt, Munich |
| EQS News ID: | 1192116 |
| End of News | DGAP News Service |