26.01.2017
publity AG DE0006972508
DGAP-News: publity's revenues and earnings soar in 2016 according to preliminary figures
DGAP-News: publity AG / Key word(s): Final Results/Forecast
publity's revenues and earnings soar in 2016 according to preliminary
figures
26.01.2017 / 08:30
The issuer is solely responsible for the content of this announcement.
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- Revenues up to around EUR 44 million compared to EUR 23 million in the
previous year (unaudited figures)
- EBIT up to around EUR 35,4 million compared to EUR 20 million in 2015
- Net income nearly doubles to around EUR 24 million
- Dividend forecast confirmed once again at EUR 2.80 per share
Leipzig, 26 January 2017 - publity AG (Entry Standard, ISIN DE0006972508),
an investor and asset manager for German office properties, has
significantly surpassed its previous record-breaking figures from 2015 in
fiscal year 2016 as expected (unaudited figures). Revenues (HGB accounting)
were up to EUR 44 million after EUR 23 million in the previous year. EBIT
soared to approx. EUR 35,4 million, up from EUR 20 million in 2015, and net
income was almost twice as high as in the previous year at EUR 24 million.
As a result of this positive growth, the dividend target for 2016 has been
confirmed once again with a forecast payment of EUR 2.80 per share.
The strong growth in 2016 is mostly based on the successful expansion of
the real estate assets under management as part of joint ventures with
institutional investors. As a result, as recently reported, it has been
possible to almost double the assets under management (AuM) to EUR 3
billion. This means that in particular recurring income from asset
management agreements has increased significantly for publity. publity also
receives a finder's fee when properties are purchased, and participates in
profits when the joint venture properties are sold. In addition, the
company receives income from the sale of non-performing loans in an NPL
portfolio with a nominal volume now totalling EUR 2.4 billion.
publity is forecasting revenues and earnings to increase still further in
the current fiscal year 2017. Substantial profits for 2017 have already
been secured, simply as a result of certifications and property sales that
have already taken place at the start of January 2017. In addition, higher
income is expected, for example from the continued dynamic growth being
enjoyed by the assets under management, with a planned increase of approx.
EUR 2 billion in 2017 to a total of around EUR 5 billion, and also from
existing asset management agreements, additional property sales, and the
exploitation of the NPL portfolio.
The audited annual financial statements for fiscal year 2016 will be
published on 28 April 2017 and then made available online on publity AG's
Web site www.publity.de.
Financial press and Investor Relations:
edicto GmbH
Axel Mühlhaus, Peggy Kropmanns
Phone: +49 69 905505-52
E-mail: [email protected]
About publity
publity AG is an asset manager specialising in office properties in
Germany. The company covers a broad value chain, from purchases through to
the development and sale of the properties, and also has a track record of
several hundred successful transactions. publity is characterised by its
strong network in the real estate sector as well as banks' Work Out
departments, and has excellent access to funding. The company has excellent
access to investment funds and executes its transactions quickly using a
highly efficient process with tried and trusted partners. In some cases,
publity acts as a co-investor in joint venture transactions to a limited
extent. publity AG's shares (ISIN DE0006972508) are traded on Frankfurt
Stock Exchange's Entry Standard.
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26.01.2017 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.
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Archive at www.dgap.de
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539183 26.01.2017
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