08.05.2020 CONSUS Real Estate AG  DE000A2DA414

DGAP-Adhoc: CONSUS Real Estate AG: Consus Real Estate AG divests 17 development projects with a GDV of EUR 2.3 billion and intends to fully acquire Consus RE GmbH in connection with a capital increase by contribution in kind


 

DGAP-Ad-hoc: CONSUS Real Estate AG / Key word(s): Disposal/Real Estate
CONSUS Real Estate AG: Consus Real Estate AG divests 17 development projects with a GDV of EUR 2.3 billion and intends to fully acquire Consus RE GmbH in connection with a capital increase by contribution in kind

08-May-2020 / 09:12 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.


Berlin, 8 May 2020 - Today, the Management Board of Consus Real Estate AG ("Consus"), with the approval of the Supervisory Board, has resolved to divest 17 development projects with a GDV of EUR 2.3 billion. The development projects have been sold to Gröner Group GmbH, which is controlled by Christoph Gröner, for a premium to the market values appraised as of 31 December 2019. Consus will reduce its project finance debt by around EUR 475 million due to this transaction, and receive a material cash payment.
Following this transaction, the GDV will decrease from EUR 12.3 billion to EUR 10.0 billion and the number of development projects will decrease from 65 to 48.
In addition to the divestments, the Management Board has in principle resolved, with the approval of the Supervisory Board, to acquire the outstanding 25% minority stake in Consus RE AG (on a fully diluted basis) primarily for new shares in Consus and a cash component. The acquisition of the minority stake will be structured by way of a capital increase against contribution in kind without subscription rights for the share component. The minority stake shall be acquired from a current shareholder of Consus RE AG, which is controlled by Christoph Gröner. 
The divestments and the capital increase by contribution in kind are expected to close not later than in Q3 2020.



Contact:
Investor Relations
phone +49 30 96535790264
[email protected]

Information and Explanation of the Issuer to this News:

About Consus Real Estate AG
Consus Real Estate AG ('Consus'), with its headquarters in Berlin, is the leading real estate developer in the top 9 cities in Germany. As of 31 December 2019, Consus' development portfolio had a gross development value (GDV) of EUR 12.3 billion. Consus focuses on the development of neighbourhoods and standardised multi-storey residential construction, which are sold to institutional investors through forward sales. Due to its own construction expertise and the digitalisation of construction processes, Consus operates along the entire value chain of real estate development. Consus provides the realisation of projects from planning and execution to handover, property management and related services through its subsidiaries Consus RE AG and Consus Swiss Finance AG. The shares of Consus are included in the scale segment of the Frankfurt Stock Exchange and the m:access segment of the Munich Stock Exchange and are traded via XETRA in Frankfurt, among others.
 

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Language: English
Company: CONSUS Real Estate AG
Kurfürstendamm 188-189
10707 Berlin
Germany
Phone: +49 (0)30 965 357 90 300
E-mail: [email protected]
Internet: www.consus.ag
ISIN: DE000A2DA414
WKN: A2DA41
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1039397

 
End of Announcement DGAP News Service

1039397  08-May-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 2,86 1,38 7,69 614,97 671,12 0,00 0,00
EBITDA1,2 0,20 0,06 4,70 107,90 236,44 0,00 0,00
EBITDA-Marge3 6,99 4,35 61,12 17,55 35,23 0,00 0,00
EBIT1,4 0,20 0,06 4,70 105,73 227,99 0,00 0,00
EBIT-Marge5 6,99 4,35 61,12 17,19 33,97 0,00 0,00
Jahresüberschuss1 0,24 0,06 -7,95 1,17 -5,04 0,00 0,00
Netto-Marge6 8,39 4,35 -103,38 0,19 -0,75 0,00 0,00
Cashflow1,7 0,39 -0,39 -4,62 132,01 -74,10 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 -0,28 -0,17 -0,15 0,21 0,34
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
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: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Consus Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2DA41 5,730 Halten 782,61
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,64 17,77 0,76 -58,47
KBV KCV KUV EV/EBITDA
0,84 - 1,17 15,07
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 01.10.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.05.2020 27.08.2021 26.11.2020 23.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,39% -14,78% -22,67% -14,09%
    
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Immobilien (Gewerbe) , A2DA41 , CC1 , SWB:CC1