ACCENTRO Half-Yearly Accounts: Expectations Met, Annual Forecast Reaffirmed
11.
August 2017
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)
Key Ratios for the First Half-Year 2017
H1 2017 | H1 2016 | |
|---|---|---|
| Consolidated revenues, in EUR | 42.7 | 42.7 |
| Gross profit, in EUR | 15.0 | 19.6 |
| EBIT, in EUR | 11.2 | 15.7 |
| Consolidated income, in EUR | 5.8 | 8.3 |
| Earnings per share, in EUR | 0.21 | 0.30 |
| Total assets, in EUR | 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 Financial Reports 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 residential property investor and Germany’s market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de
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