13.05.2020 PATRIZIA AG  DE000PAT1AG3

DGAP-Adhoc: PATRIZIA AG: PATRIZIA reports solid 3M 2020 financial results and broadens its FY 2020 guidance range to reflect Covid-19 uncertainties


 

DGAP-Ad-hoc: PATRIZIA AG / Key word(s): Change in Forecast/Quarterly / Interim Statement
PATRIZIA AG: PATRIZIA reports solid 3M 2020 financial results and broadens its FY 2020 guidance range to reflect Covid-19 uncertainties

13-May-2020 / 18:49 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.


PATRIZIA reports solid 3M 2020 financial results and broadens its FY 2020 guidance range to reflect Covid-19 uncertainties

PATRIZIA AG, the global partner for pan-European real estate investment, recorded an operating income of EUR 24.7m in 3M 2020, an increase of 2.9% from EUR 24.0m in the same period last year. The further increased level of assets under management (AUM) and continued successful real estate transactions for the Group's global clients in the first three months of the year drove solid y-o-y growth in management and transaction fees. Performance fees remained a stable contributor to overall financial results, only slightly below last year's level. Total service fee income - which combines management, transaction and performance fees - increased by 13.1% y-o-y, from EUR 71.1m in 3M 2019 to EUR 80.4m in 3M 2020.

PATRIZIA had a solid start into FY 2020 and the company strongly believes it will successfully weather the Covid-19 crisis with its resilient business model, rock-solid balance sheet and strong cash position. Covid-19 has significantly slowed down activity in the real estate investment market but PATRIZIA expects a material recovery of the real estate transaction activity by the end of 9M 2020 at the earliest.

To reflect these continued uncertainties, the company has broadened its guidance range for FY 2020 operating income to a level of EUR 100.0m to 140.0m (from EUR 120.0m to 140.0m previously).

Based on the successful execution of a number of transactions for its global clients in 2020 the company already has sufficient visibility in the operating income development in H1 2020 and is confident to deliver on the broadened guidance range despite the remaining macro-economic uncertainties.

PATRIZIA at the same time reaffirms its proposed shareholder dividend payment of EUR 0.29 per share for FY 2019, an increase of 7.4% to last year's level, at the virtual AGM scheduled for 1 July 2020. The company will also continue its share buy-back programme that started end of March 2020.


Contact:
Martin Praum
Head of Investor Relations
Phone: +49 (0)821 50910-402
[email protected]


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


Language: English
Company: PATRIZIA 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
EQS News ID: 1044213

 
End of Announcement DGAP News Service

1044213  13-May-2020 CET/CEST

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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 21,650 Halten 1.999,41
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,42 21,57 0,95 25,06
KBV KCV KUV EV/EBITDA
1,65 24,13 6,63 16,22
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,29 0,30 1,39 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
-3,28% -6,16% -17,52% -7,08%
    
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Immobilien (Wohn) , PAT1AG , PAT , XETR:PAT