DGAP-News: The Grounds Real Estate Development AG triples EBIT and multiplies net profit in 2020


DGAP-News: The Grounds Real Estate Development AG / Key word(s): Annual Results/Forecast
The Grounds Real Estate Development AG triples EBIT and multiplies net profit in 2020

23.06.2021 / 07:58
The issuer is solely responsible for the content of this announcement.


The Grounds triples EBIT and multiplies net profit in 2020

  • Consolidated sales revenues +125 % to EUR 31.3 million
  • EBIT tripled to EUR 6.1 million
  • Consolidated profit after taxation increased to EUR 4.0 million
  • Balance sheet total doubled to more than EUR 87.4 million

Berlin, 23 June 2021 - The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) completed the financial year 2020 very successfully. In 2020, The Grounds significantly increased consolidated sales revenues to EUR 31.3 million (previous year: EUR 13.9 million) and more than tripled EBIT to EUR 6.1 million (previous year: EUR 2.0 million). Consolidated net income after taxation increased disproportionately to EUR 4.0 million (previous year: EUR 54 thousand).

Important milestones in 2020 include the acquisition of a real estate portfolio with 262 residential and commercial units for the portfolio (Stendal/Prignitz), a non-cash capital increase carried out in the summer of 2020, by means of which five project developments with a total investment volume of more than EUR 100 million - mostly with building rights - were contributed, and the sale of a logistics property in Grünheide/Mark.

Continuation of the growth path in 2021: Successfully placed convertible bond and purchases of EUR 25 million

In 2021, The Grounds has already made purchases of residential properties worth EUR 25 million in the Berlin area, thereby expanding its portfolio to 386 units and its privatisation portfolio to 96 units. The Grounds financed the purchases with, inter alia, a significantly oversubscribed convertible bond with a volume of EUR 12 million, which was placed in February 2021.

"In future, we wish to focus more strongly on the capital market and raise the profile of The Grounds. To this end, the convertible bond was a first important milestone. And in future we will also be present more often at investor conferences. We kicked off at the Frankfurt Spring 2021 Conference and the Quirin Champions Conference, where we were able to convince investors with our growth story and received very positive feedback," comments Board Member Arndt Krienen on the increased investor relations activities of The Grounds and adds: "In order to further increase our transparency and to be able to address additional investor groups, promotion of our share will start with the publication of the annual accounts of 2020. We are pleased to be accompanied in future by Quirin Bank and SMC Research, two renowned analytics firms, in order to further expand our presence on the capital market."

"We are very satisfied with current developments. We have succeeded in making very interesting purchases in Berlin's affluent suburbs- which we will continue to do. Equally significant is that we have been able to engage a team of excellent colleagues, who are capable of realising our ambitious goals. This is at least as important as the significant increases in 2020 and the positive forecasts for the further future", adds Board Member Jacopo Mingazzini.

Further growth in turnover and earnings in 2021 and subsequent years

On the assumption that contribution to revenue and earnings from the debtor warrant resulting from the sale of the logistics property will not take effect until 2022, the Management Board expects consolidated revenue of EUR 23 million and EBIT of around EUR 6 million for 2021.

This means further increases in turnover and key earnings figures in all operating areas, if the special effects from the sale of the logistics property are excluded from the fixed assets.

The annual report for the financial year 2020 is now available for downloading from https://www.thegroundsag.com/geschäftsberichte.html.

Contact details:
The Grounds Real Estate Development AG
Arndt Krienen/Jacopo Mingazzini, Board Members
Charlottenstrasse 79-80, D-10117 Berlin
T. +49 30 202168-66
F. +49 30 202168-49
Email: [email protected]
Web: www.thegroundsag.com

Investor Relations:
Ingo Janssen, Managing Director
Haus der Wirtschaft, Kapstadtring 10
D-22297 Hamburg
T. +49 40 637854-10
Email: [email protected]
Web: www.ubj.de

Press contact:
Peter Dietze-Felberg
Wallstrasse 16
D-10179 Berlin
T. +49 30 2844987-62
Email: [email protected]
Web: www.rueckerconsult.de

About The Grounds

The Grounds Group implements residential projects in German metropolitan regions. The Grounds Group also holds a steadily growing portfolio of fixed assets in the residential sector. The Grounds Real Estate Development AG is listed in the OTC segment of the primary market of the Düsseldorf Stock Exchange (ISIN: DE000A2GSVV5). It has its head office in Berlin and has a branch office in Stuttgart.

23.06.2021 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: The Grounds Real Estate Development AG
Charlottenstraße 79-80
10117 Berlin
Phone: 030 2021 6866
Fax: 030 2021 6489
E-mail: [email protected]
Internet: www.thegroundsag.com
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Tradegate Exchange
EQS News ID: 1210726

End of News DGAP News Service

1210726  23.06.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,19 0,40 18,95 31,10 13,94 31,26 23,00
EBITDA1,2 -0,30 1,19 1,36 11,40 2,00 6,16 6,00
EBITDA-Marge3 -157,89 297,50 7,18 36,66 14,35 19,71 26,09
EBIT1,4 -0,30 1,18 1,35 11,37 1,97 6,10 0,00
EBIT-Marge5 -157,89 295,00 7,12 36,56 14,13 19,51 0,00
Jahresüberschuss1 -0,21 1,17 1,20 4,19 0,05 4,01 0,00
Netto-Marge6 -110,53 292,50 6,33 13,47 0,36 12,83 0,00
Cashflow1,7 -4,14 -3,78 -15,82 -11,03 13,28 -24,03 0,00
Ergebnis je Aktie8 -0,02 0,09 0,08 0,23 0,00 0,22 0,21
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
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: Buschmann & Bretzel

The Grounds Real Estate Dev.
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2GSVV 2,380 42,38
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,53 15,01 0,83 20,52
2,29 - 1,36 14,78
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 27.08.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2021 23.06.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,38% -4,26% -15,00% 23,32%
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Immobilien (Wohn) , A2GSVV , AMMN , XETR:AMMN