24.09.2020 PREOS Real Estate AG  DE000A2LQ850

DGAP-News: PREOS Real Estate AG: EBIT almost tripled in first half of 2020 and further expansion of the real estate portfolio


 

DGAP-News: PREOS Real Estate AG / Key word(s): Half Year Results/Real Estate
PREOS Real Estate AG: EBIT almost tripled in first half of 2020 and further expansion of the real estate portfolio

24.09.2020 / 12:11
The issuer is solely responsible for the content of this announcement.


Press Release

PREOS Real Estate AG: EBIT almost tripled in first half of 2020 and further expansion of the real estate portfolio

Leipzig, 24. September 2020 - PREOS Real Estate AG (in future: PREOS Global Office Real Estate &Technology AG, "PREOS", ISIN DE000A2LQ850) was able to significantly expand its portfolio of existing properties in the first half of the year, thus continuing its profitable growth course.

Earnings before interest and taxes, EBIT, rose by almost 179 percent to around EUR 70.0 million in the first half of 2020 (first half of 2019: EUR 25.1 million), thus almost tripling. Consolidated earnings after taxes totalled EUR 30.9 million in the reporting period, compared to EUR 21.8 million in the previous year.

This increase primarily resulted from the acquisition of further office properties in prime locations in recent months. The portfolio's value almost doubled in the first half of 2020 compared to the same period of the previous year.

The newly acquired properties in the reporting period included the Westend Carree in the city centre of Frankfurt/Main with renowned tenants, such as the Max Planck Institute, and the Centurion Tower, which is also located in an attractive area of the banking metropolis.

As a real estate investor, PREOS intends to continue to focus on the acquisition of office properties in central locations in the future and also to advance its internationalisation strategy.

Frederik Mehlitz, CEO of PREOS Real Estate AG: "We can look back on a very successful first half of 2020, which is reflected in the strong improvement in consolidated earnings. With the support of our major shareholder and asset manager, publity AG, we were able to rapidly expand our property portfolio - despite the exceptional circumstances caused by COVID-19. We have thus proven that our business model is crisis-resistant. We believe we are solidly positioned for the future and have a well-filled pipeline of commercial properties with potential for value growth. In combination with the planned internationalisation and digitalisation of our business model, this will ensure a solid position for PREOS on the market.

 

About PREOS Real Estate AG

PREOS Real Estate AG (in future: PREOS Büro Estate & AG"PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. The acquisition focuses on office properties with development potential in German metropolitan regions. Value creation is generated by targeted asset management measures. Developed portfolio properties are sold in the event of adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the over-the-counter segment m:access of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). The company headquarters of PREOS is located in Leipzig.
 

Investor & Public Relations
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone +49(0) 69/905505- 52
Mail: preos@edicto.de

 

Disclaimer

This publication may contain future-oriented statements. Future-oriented statements are all statements that do not refer to historical facts or events. This applies in particular to statements about the intentions, beliefs or current expectations of the Company with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the company operates. The future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company is not obliged to update or modify the future-oriented statements contained in this publication to reflect events or circumstances occurring after the date of this publication, unless they contain insider information subject to publication requirements.



24.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: PREOS Real Estate AG
Landsteinerstraße 6
04103 Leipzig
Germany
Phone: 0341 261787790
E-mail: info@preos.de
Internet: www.preos.de
ISIN: DE000A2LQ850
WKN: A2LQ85
Listed: Regulated Unofficial Market in Frankfurt, Munich
EQS News ID: 1136109

 
End of News DGAP News Service

1136109  24.09.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 0,00 0,00 0,65 2,22 0,18 0,70 14,39 52,00
EBITDA1,2 0,00 -0,01 0,22 1,51 2,02 2,90 18,41 33,00
EBITDA-Marge3 0,00 0,00 33,85 68,02 1.122,22 414,29 127,94 63,46
EBIT1,4 0,00 -0,01 0,22 1,51 2,02 10,92 106,40 32,00
EBIT-Marge5 0,00 0,00 33,85 68,02 1.122,22 1.560,00 739,40 61,54
Jahresüberschuss1 0,00 -0,01 0,17 -1,73 1,84 8,25 66,31 67,00
Netto-Marge6 0,00 0,00 26,15 -77,93 1.022,22 1.178,57 460,81 128,85
Cashflow1,7 0,00 -0,01 0,17 0,55 -1,19 22,48 -9,20 -7,50
Ergebnis je Aktie8 0,00 0,00 0,01 -0,05 0,05 0,09 1,37 0,64
Dividende8 0,00 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: Warth & Klein Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
PREOS Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2LQ85 15,400 Kaufen 1.655,43
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,12 14,26 1,271 43,75
KBV KCV KUV EV/EBITDA
6,45 - 115,01 117,592
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,00 0,00 0,00 25.05.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
22.10.2019 13.05.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,09% 10,97% 76,00% 74,01%
    
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