17.01.2021 Aareal Bank AG  DE0005408116

DGAP-Adhoc: Aareal Bank AG: Aareal Bank expects consolidated operating loss in a double-digit million euro amount for the 2020 financial year - dividend payments in a total amount of € 1.50 per share targeted in the current year for financial year 2020


 

DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Change in Forecast/Dividend
Aareal Bank AG: Aareal Bank expects consolidated operating loss in a double-digit million euro amount for the 2020 financial year - dividend payments in a total amount of € 1.50 per share targeted in the current year for financial year 2020

17-Jan-2021 / 18:01 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.


Aareal Bank expects consolidated operating loss in a double-digit million euro amount for the 2020 financial year - dividend payments in a total amount of € 1.50 per share targeted in the current year for financial year 2020

Based on current insights, Aareal Bank Group will post a consolidated operating loss in a double-digit million euro amount for the 2020 financial year. This is due to an increase in loss allowance, compared to original expectations. Based on the extended and further tightened global lockdown measures, the Bank has generally classified all loans for which liquidity support measures (payment deferrals and liquidity facilities) were granted as stage 2 - thus recognising forward-looking additional loss allowance to a significant extent. In addition, stage 3 allowance has been raised in individual cases. Overall, with these measures, the Bank is therefore comprehensively taking account of the recent intensification of the pandemic.

Aareal Bank will publish full preliminary figures for the 2020 financial year on 24 February 2021, as announced.

Based on its strong capitalisation, Aareal Bank plans to offer its shareholders the prospect of a total dividend payout of € 1.50 per share in 2021 for the financial year 2020. This is of course subject to the applicable supervisory and regulatory requirements. The payout would need to be made in two steps. In compliance with the requirements published by the European Central Bank (ECB) on 15 December 2020, the current status of preparation of the financial statements indicates a distributable amount of between approximately € 0.35 and € 0.40 per share. Subject to the preparation and audit of the financial statements and the regulatory authority's approval for inclusion of profits, the Management Board plans to submit a corresponding proposal for the appropriation of profits to the ordinary Annual General Meeting in May 2021. The Bank will be able to pay out the remaining amount of between approximately € 1.10 and € 1.15 per share in the fourth quarter of 2021, provided that regulatory requirements concerning uncertainty surrounding the Covid-19 crisis will have been fulfilled at that time.

Aareal Bank will take the intended payout totalling approximately € 90 million into account as a deduction from regulatory capital as at 31 December 2020. In addition, calculation of regulatory capital is based on the assumption that the AT1 bond is serviced in full. In agreement with the supervisory authority, there are no plans to terminate the AT1 bond in the current financial year.




Contact:
Jürgen Junginger, Head of Investor Relations

17-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: [email protected]
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1161127

 
End of Announcement DGAP News Service

1161127  17-Jan-2021 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 1.010,00 943,00 928,00 775,00 764,00 1.118,00 0,00
EBITDA1,2 470,00 366,00 328,00 316,00 248,00 -75,00 0,00
EBITDA-Marge3 46,53 38,81 35,34 40,77 32,46 -6,71 0,00
EBIT1,4 470,00 366,00 328,00 316,00 248,00 -75,00 0,00
EBIT-Marge5 46,53 38,81 35,34 40,77 32,46 -6,71 0,00
Jahresüberschuss1 374,00 234,00 213,00 226,00 163,00 -69,00 0,00
Netto-Marge6 37,03 24,81 22,95 29,16 21,34 -6,17 0,00
Cashflow1,7 -537,00 -210,00 -80,00 -294,00 485,00 3.009,00 0,00
Ergebnis je Aktie8 5,66 3,33 3,20 3,48 2,42 -1,50 0,87
Dividende8 1,65 2,00 2,50 2,10 0,00 1,50 0,75
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: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Aareal Bank
WKN Kurs in € Einschätzung Börsenwert in Mio. €
540811 20,440 Halten 1.223,48
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,71 11,34 1,36 7,77
KBV KCV KUV EV/EBITDA
0,43 0,41 1,09 -16,31
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 1,50 7,34 18.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2021 12.08.2021 11.11.2021 31.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,68% -0,94% 4,55% 17,00%
    
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Banken , 540811 , ARL , XETR:ARL