06.08.2018 PATRIZIA Immobilien AG  DE000PAT1AG3

DGAP-News: PATRIZIA Immobilien AG: PATRIZIA with strong first-half results and increase in 2018 guidance


 
DGAP-News: PATRIZIA Immobilien AG / Key word(s): Half Year Results PATRIZIA Immobilien AG: PATRIZIA with strong first-half results and increase in 2018 guidance 06.08.2018 / 18:38 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PATRIZIA with strong first-half results and increase in 2018 guidance - Operating income up 106.6% to EUR 72.5m - Total service fee income significantly higher than 2017 (EUR 135.8m vs EUR 88.1m) - Guidance for full-year operating income increased to EUR 100-110m PATRIZIA Immobilien AG announces that it has delivered a very successful first six months of 2018 having boosted its operating income by 106.6% to EUR 72.5m compared to the same period last year (EUR 35.1m). The significant growth in assets under management (AUM) to EUR 39.6bn - up 81% from EUR 21.9bn in 2017 - due to the integration of the recent acquisitions of TRIUVA and Rockspring, as well as organic growth, has led to the strong results on PATRIZIA's key performance indicators. Karim Bohn, Chief Financial Officer at PATRIZIA, commented: "The results for the first half of 2018 continue to underline PATRIZIA's successful pan-European real estate investment management platform. Both, organic and inorganic growth contributed to the strong set of results. At the same time, the integration of our recently acquired companies, especially TRIUVA and Rockspring is well advanced and we will see first positive efficiency effects already during the second half of 2018. The acceleration of the efficiency effects and the respective improvement of our cost base results in an increase of the guidance for our full-year operating income to EUR 100-110m, up from an earlier guidance of EUR 85-100m." Total service fee income from January to June 2018 significantly increased by 54% to EUR 135.8m compared to EUR 88.1m in the first six months of 2017. Strong and recurring asset management fees (EUR 81.1m) and performance fees (EUR 37.2m) also showed solid increases year-on-year - up 80.1% and 52.6% respectively on H1 2017 - more than offsetting slightly lower transaction fees (EUR 17.5m compared to EUR 18.7m in H1 2017). Transaction volume has also increased year-on-year, up 69.8% to EUR 2.1bn in a market environment with overall lower transaction activity compared to the first six months last year. By 30 June 2018 PATRIZIA closed disposals of EUR 1.3bn and acquisitions of EUR 0.8bn for its institutional and private clients. Despite the higher disposal volume, AUM increased in the first six months of 2018 due to an existing Asian institutional client transferring asset management mandates to PATRIZIA, reflecting increased trust in PATRIZIA's pan-European investment management capabilities and asset management track record. Beyond that further acquisitions were signed during the first half of 2018 that will close in the second half of 2018 and hence support PATRIZIA's growth in AUM this year. Available downloads: H1 interim report H1 presentation Contact: Martin Praum Group Head of Investor Relations Phone: +49 821 50910-402 [email protected] --------------------------------------------------------------------------- 06.08.2018 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Germany Phone: +49 (0)821 - 509 10-000 Fax: +49 (0)821 - 509 10-999 E-mail: [email protected] Internet: www.patrizia.ag ISIN: DE000PAT1AG3 WKN: PAT1AG Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 711303 06.08.2018


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 384,86 817,88 249,57 350,63 398,70 301,69 0,00
EBITDA1,2 175,08 328,11 95,79 120,78 136,92 115,69 0,00
EBITDA-Marge3 45,49 40,12 38,38 34,45 34,34 38,35 0,00
EBIT1,4 168,02 321,98 87,11 78,55 81,36 73,38 130,00
EBIT-Marge5 43,66 39,37 34,90 22,40 20,41 24,32 0,00
Jahresüberschuss1 134,46 256,26 58,90 58,12 56,35 40,68 0,00
Netto-Marge6 34,94 31,33 23,60 16,58 14,13 13,48 0,00
Cashflow1,7 90,41 503,38 17,20 -53,35 56,62 82,87 0,00
Ergebnis je Aktie8 1,45 2,83 0,60 0,57 0,58 0,42 0,90
Dividende8 0,00 0,00 0,25 0,27 0,29 0,30 0,33
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Patrizia
WKN Kurs in € Einschätzung Börsenwert in Mio. €
PAT1AG 21,500 Halten 1.985,56
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,28 21,55 0,95 24,88
KBV KCV KUV EV/EBITDA
1,64 23,96 6,58 16,10
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,29 0,30 1,40 14.10.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2021 05.08.2021 11.11.2021 18.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,87% -6,82% -18,10% -7,13%
    
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Immobilien (Wohn) , PAT1AG , PAT , XETR:PAT