27.03.2019 InCity Immobilien AG  DE000A0HNF96

DGAP-Adhoc: InCity Immobilien AG: INCITY PUBLISHES INTERIM FIGURES FOR FISCAL YEAR 2018


 

DGAP-Ad-hoc: InCity Immobilien AG / Key word(s): Preliminary Results
InCity Immobilien AG: INCITY PUBLISHES INTERIM FIGURES FOR FISCAL YEAR 2018

27-March-2019 / 18:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


INCITY PUBLISHES INTERIM FIGURES FOR FISCAL YEAR 2018
 

  • Today, InCity will publish its interim, unaudited net results for the fiscal year 2018
  • The consolidated net loss for the year is approximately EUR 0.45 m
  • At the single entity level, net income for the year is approximately EUR 0.7 m

Frankfurt am Main/Germany, 27 March 2019: According to its interim results, InCity Immobilien AG realised a consolidated net loss of around EUR 0.45 m for 2018, ending the fiscal year 2018 (acc. to HGB) with significantly better results than originally forecast (EUR -1.9 m to EUR -2.3 m) and than the prior year's result (EUR -2.3 m). At approximately EUR 0.7 m, the net income for the year at single-entity annual financial statement level (acc. to HGB) was also above the earnings forecast (EUR 0 to EUR 0.4 m) and above the prior-year result (EUR -0.2 m).
 

At around EUR -0.4 m, the consolidated result according to HGB for the 2018 fiscal year is still negative, but significantly better than in the same period of the previous year and than originally forecast for 2018. In addition to a book profit (around EUR 0.9 m) from the sale of a portfolio property, Schäfergasse 38/40 in Frankfurt am Main, the operating results from the growing property portfolio increased significantly compared to the previous year. In addition, higher remuneration for asset management services for third parties (EUR +0.3 m) and postponements of expense items to 2019, such as broker commissions for portfolio properties (EUR +0.2 m), contributed especially to an improvement in earnings compared with the original budgeted figures.
 

With regard to the negative consolidated results, it is still the case that the success of this business model is not apparent in the annual financial figures alone because portfolio properties are to be reported at amortised cost according to HGB accounting principles. The substantial appreciation of the existing property portfolio as a result of the positive market development was not recognised under HGB accounting, although it does result in hidden reserves. In the 2018 fiscal year, annual scheduled depreciation in the amount of EUR 1.5 m had a negative effect on the property portfolio's results on the one hand, and value appreciation was not taken into account on the other. Based on interim figures, EBITDA for the 2018 fiscal year amounts to around EUR 3.2 m (2017: EUR 1.2 m).
 

As planned, the result at single-entity annual financial statement level in the 2018 fiscal year according to HGB is positive on the basis of interim figures (EUR 0.7 m; prior year: EUR - 0.2 m) and has also improved significantly on the originally forecast result (EUR 0 to EUR 0.4 m). The sale of the existing property "Schäfergasse 38/40" in Frankfurt am Main also had a significant impact on the originally forecast result for the 2018 fiscal year at single-entity level due to the income from the associated profit and loss transfer agreements (EUR +0.5 m).
 

All the figures published here are provisional and have not been audited. The InCity Immobilien AG annual report for 2018, with the final figures, will be published according to schedule on 30 April 2019.
 

Reporting and contact person:

Helge H. Hehl, CFA
CFO
InCity Immobilien AG
Beethovenstrasse 71
60325 Frankfurt am Main, Germany
Phone: +49 (0)69 7191889 55
E-mail: ir@incity.ag

 


27-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: InCity Immobilien AG
Beethovenstraße 71
60325 Frankfurt am Main
Germany
Phone: IR: +49 (0)69 7191889 55 PR: +49 (0)69 7191889 66
Fax: +49 (0) 69 719 18 89 790
E-mail: ir@incity.ag
Internet: www.incity.ag
ISIN: DE000A0HNF96
WKN: A0HNF9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 792687

 
End of Announcement DGAP News Service

792687  27-March-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=792687&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 7,38 13,54 35,18 45,36 25,08 8,60 10,78 0,00
EBITDA1,2 -4,01 -0,09 -0,32 1,68 2,60 1,25 3,21 0,00
EBITDA-Marge3 -54,34 -0,66 -0,91 3,70 10,37 14,53 29,78 0,00
EBIT1,4 -4,01 -0,09 -0,32 1,25 -0,70 -0,10 0,83 0,00
EBIT-Marge5 -54,34 -0,66 -0,91 2,76 -2,79 -1,16 7,70 0,00
Jahresüberschuss1 -5,09 -1,75 -1,46 0,21 -0,17 -2,30 -0,45 0,00
Netto-Marge6 -68,97 -12,92 -4,15 0,46 -0,68 -26,74 -4,17 0,00
Cashflow1,7 -17,84 0,79 0,23 6,58 -1,59 0,77 9,88 0,00
Ergebnis je Aktie8 -0,36 -0,15 -0,31 0.01 0,00 -0,03 -0,01 -0,01
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - 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: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
InCity Immobilien
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0HNF9 1,110 95,46
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,50 0,00 0,000 -1,77
KBV KCV KUV EV/EBITDA
1,12 9,66 8,86 42,839
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,00 0,00 0,00 28.08.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
19.09.2019 30.04.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,16% -3,39% -6,72% -13,95%
    
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Immobilien (Wohn) , A0HNF9 , IC8 , XETR:IC8