16.01.2020 DIC Asset AG  DE000A1X3XX4

DGAP-Adhoc: DIC Asset AG: Forecast for the Fiscal Year 2020


 

DGAP-Ad-hoc: DIC Asset AG / Key word(s): Forecast
DIC Asset AG: Forecast for the Fiscal Year 2020

16-Jan-2020 / 15:03 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.


AD-HOC ANNOUNCEMENT

DIC Asset AG: Forecast for the Fiscal Year 2020

(Frankfurt, 16.01.2020)

Disclosure of an inside information acc. to Article 17 MAR

---------------------------

Frankfurt am Main, 16 January 2020.

Based on the preliminary and still unaudited financials for 2019, DIC Asset AG (WKN: A1X3XX / ISIN: DE000A1X3XX4) just announced that it either achieved or exceeded all of its annual forecast targets as it ended the year with c. EUR 95 million in funds from operations* (FFO), c. EUR 102 million in gross rental income and a transaction volume across all business segments of EUR 2.2 billion, with acquisitions accounting for EUR 1.9 billion thereof. DIC Asset AG's business plan for 2020, which the Management Board adopted today with the approval of the Supervisory Board, projects a significant growth in earnings for the 2020 financial year. With respect to the key earnings figure FFO, the Management Board anticipates a rise up to somewhere between EUR 104 million and EUR 106 million. The main factor driving this growth will be the planned acquisition volume in the amount of c. EUR 1.6 billion to EUR 1.9 billion, of which c. EUR 500 million to EUR 600 million are earmarked for the proprietary portfolio (Commercial Portfolio), and c. EUR 1.1 billion to EUR 1.3 billion in third-party business (Institutional Business). With this in mind, the company expects to see a rise in gross rental income and an increase in real estate management fees over prior year. Furthermore, the company is planning targeted sales across all segments with a volume of around EUR 400 million. Of this amount, around EUR 100 million is attributable to the Commercial Portfolio and around EUR 300 million to the Institutional Business. In addition, the 2020 financial year will see the first full-year consolidation of GEG German Estate Group AG, a company acquired in June 2019.

DIC Asset AG will publish its full-length 2019 annual report, which will include a detailed outlook for the ongoing 2020 financial year, on 5 February 2020.

*Explanatory note: Operating income from property management, before depreciation, tax, profits from sales and development projects, as well as from other one-off or non-cash earnings components.
 

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Straße 20
60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de


Registered at Frankfurt am Main District Court
No. Register of Companies HRB 57679
VAT Registration Number DE 233 741 623
Registered Office Frankfurt am Main


 

16-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1492
Fax: +49 69 9454858-9399
E-mail: ir@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN: A1X3XX, A12T64, A2GSCV, A2NBZG
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 955301

 
End of Announcement DGAP News Service

955301  16-Jan-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 236,10 277,60 372,39 473,79 381,88 241,66 364,25 0,00
EBITDA1,2 104,80 128,30 126,60 114,90 136,60 122,30 146,15 0,00
EBITDA-Marge3 44,39 46,22 34,00 24,25 35,77 50,61 40,12 0,00
EBIT1,4 69,40 78,64 83,90 79,60 105,60 92,80 111,91 0,00
EBIT-Marge5 29,39 28,33 22,53 16,80 27,65 38,40 30,72 0,00
Jahresüberschuss1 16,00 14,04 20,72 -29,39 64,41 47,61 80,86 0,00
Netto-Marge6 6,78 5,06 5,56 -6,20 16,87 19,70 22,20 0,00
Cashflow1,7 45,90 47,90 53,02 33,95 56,52 61,85 64,84 0,00
Ergebnis je Aktie8 0,33 0,22 0.30 -0,41 0,93 0,68 1,13 0,85
Dividende8 0,35 0,35 0,37 0,40 0,64 0,48 0,66 0,66
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - 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: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
DIC Asset
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1X3XX 16,120 Kaufen 1.274,63
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,33 21,22 0,841 35,40
KBV KCV KUV EV/EBITDA
1,40 19,66 3,50 16,665
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,66 0,66 4,09 17.03.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2020 29.07.2020 28.10.2020 05.02.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,62% 26,98% 1,38% 63,99%
    
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Immobilien (Gewerbe) , A1X3XX , DIC , XETR:DIC