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Traumhaus AG
Regulatory Filings • Oct 23, 2023
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Ad-hoc | 23 October 2023 16:51
Traumhaus AG adjusts forecast for 2023
Traumhaus AG / Key word(s): Real Estate/Change in Forecast
Traumhaus AG adjusts forecast for 2023
23-Oct-2023 / 16:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The management board of Traumhaus AG is correcting the forecast for the 2023 financial year to a sales range of EUR 115 to 125 million and an EBITDA minus EUR 2.9 million to slightly positive.
Traumhaus AG’s earnings situation is deteriorating overall due to lower sales in the high-margin real estate business, higher construction costs across various projects and significantly extended project cycles, which also have to be accompanied by higher and longer pre-financing.
The reason for this is the massive economic downturn in the housing construction sector, which can be attributed to rising interest rates, inflation, a lack of government support and the uncertainty among buyers caused by wars in Ukraine or now, in the Middle East.
About Traumhaus AG
Traumhaus AG, founded in 1993 and based in Wiesbaden, is an experienced provider of innovative settlement concepts and a pioneer in iSerial construction using 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
+49 6122 58653 – 0
Media:
BeckerBeratungsGesellschaft (BBG)
Klaus-Karl Becker
Neustr. 23
55296 Gau-Bischofsheim / Mainz
+49 (0) 172 61 41 955
End of Inside Information
23-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Traumhaus AG |
| Borsigstraße 20a | |
| 65205 Wiesbaden | |
| Germany | |
| Phone: | +49 (0) 6122 586 53 0 |
| Fax: | +49 (0)6122 586 53 – 0 |
| E-mail: | [email protected] |
| Internet: | www.traumhaus-familie.de |
| ISIN: | DE000A2NB7S2 |
| WKN: | A2NB7S |
| Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1755283 |
| End of Announcement | EQS News Service |