12.10.2020 DIC Asset AG  DE000A1X3XX4

DGAP-News: DIC Asset AG: Corporate bond issuance postponed for the time being - on growth path with good liquidity buffer


 

DGAP-News: DIC Asset AG / Key word(s): Bond
DIC Asset AG: Corporate bond issuance postponed for the time being - on growth path with good liquidity buffer

12.10.2020 / 19:52
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset AG: Corporate bond issuance postponed for the time being - on growth path with good liquidity buffer

Frankfurt am Main, 12 October 2020. The management board of DIC Asset AG (ISIN: DE000A1X3XX4), one of the leading German listed real estate companies, decided today to not pursue the issuance of a corporate bond until further notice because it is currently not attractive enough on the basis of the achievable conditions from the company's perspective.

With a profile that is already similar to investment grade, the company will continue to review existing opportunities at any time in order to optimise its financing structure, given suitable parameters. In the future, the international bond market is also supposed to be used as a possible source of financing, but today's achievable conditions are not sufficiently attractive for the company, which is currently financed with an average cost of debt of 2.1%. The company is in an excellent position to achieve its operating targets as planned and has a high level of liquidity, which amounted to c. EUR 416.6 million as of the balance sheet date 30 June 2020. There are no further significant maturities for 2020/2021.

 

About DIC Asset AG:
With more than 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has 186 assets with a combined market value of c. EUR 8.5 billion under management (as of 30/06/2020).

Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

In its Commercial Portfolio division (EUR 1.9 billion in assets under management, as of 30/06/2020), DIC Asset AG acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio.

In its Institutional Business division (EUR 6.6 billion in assets under management, as of 30/06/2020), which operates under the name GEG German Estate Group, DIC Asset AG generates income by structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.

DIC Asset AG has been SDAX-listed since June 2006.

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
[email protected]
 



12.10.2020 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: DIC Asset AG
Neue Mainzer Straße 20
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1492
Fax: +49 69 9454858-9399
E-mail: [email protected]
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: 1140400

 
End of News DGAP News Service

1140400  12.10.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 381,88 241,66 364,25 321,10 91,22 152,54 0,00
EBITDA1,2 136,60 122,30 146,15 144,96 165,10 194,40 0,00
EBITDA-Marge3 35,77 50,61 40,12 45,14 180,99 127,44
EBIT1,4 105,60 92,80 111,91 106,18 122,10 101,58 0,00
EBIT-Marge5 27,65 38,40 30,72 33,07 133,85 66,59 0,00
Jahresüberschuss1 64,41 47,61 80,86 73,11 58,39 42,86 0,00
Netto-Marge6 16,87 19,70 22,20 22,77 64,01 28,10 0,00
Cashflow1,7 56,52 61,85 64,84 67,43 43,40 158,86 0,00
Ergebnis je Aktie8 0,93 0,68 1,13 0,88 0,71 0,38 -0,38
Dividende8 0,64 0,48 0,66 0,70 0,75 0,75 0,40
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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
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WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1X3XX 1,448 Kaufen 120,40
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 18,11 0,00 3,53
KBV KCV KUV EV/EBITDA
0,12 0,76 0,79 15,79
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,75 0,00 0,00 03.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
16.05.2024 07.08.2024 08.11.2023 30.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-18,24% -57,36% -57,10% -82,34%
    
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