DGAP-Ad-hoc: publity AG / Key word(s): Preliminary Results
publity AG: publity: Forecast clearly exceeded - consolidated net income 2019 according to preliminary numbers of around 62 million EUR more than 150 percent above previous year

10-March-2020 / 15:45 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.

publity has expanded its own portfolio by around 1 billion EUR in 2019 alone. The properties acquired in 2019 include, for example, the 100,000 square meter Karstadt headquarters in Essen, the approximately 21,000 square meter Access Tower in Frankfurt/Main and the Sky headquarters near Munich with a lettable area of over 30,000 square meters.

Thomas Olek, CEO of publity AG: 'The fact that we will achieve a significantly higher profit in 2019 than forecast takes into account the very successful business performance in 2019 with a strong expansion of our own real estate portfolio, which we hold in our Group subsidiary PREOS and intend to expand rapidly in the future. We have thus built our business model on two stable pillars, earn attractive steady fees as an asset manager and benefit fully from the sale of our own properties or still generate rental income until the properties are sold'.

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