17.09.2019 Ernst Russ AG  DE000A161077

DGAP-News: Ernst Russ AG Half-Year Report: Consistent pursuit of strategy as an asset and investment manager


DGAP-News: Ernst Russ AG / Key word(s): Half Year Results
Ernst Russ AG Half-Year Report: Consistent pursuit of strategy as an asset and investment manager

17.09.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

Ernst Russ AG Half-Year Report: Consistent pursuit of strategy as an asset and investment manager

  • - Significant expansion of investment activities in the Shipping and Real Estate segments
  • - Disposal of Investor Management and Solar segments

Hamburg, 17 September 2019: In the first half of 2019, we made additional important investments in both our core business areas, Shipping and Real Estate. In the Shipping segment, the fleet was expanded through the acquisition of the majority shareholding in a ship portfolio comprising a handymax bulker and a 3,100 TEU container ship, as well as the acquisition of a 4,200 TEU container ship.

The 'ElbFeeder' joint venture, which is already established in the Shipping segment, operates seven feeder class vessels, which make a significant contribution to the performance of the Ernst Russ Group. This joint venture will be fully consolidated from August 2019. "We consider the opportunities arising from our strategy, and its optimisation on a regular basis. Our strategic partnerships, like the 'ElbFeeder' joint venture, play a crucial role for our portfolio in this respect. We also look into opportunities to engage in strategic partnerships in the Real Estate segment", adds Robert Gärtner, Executive Board of Ernst Russ AG.

In February 2019, the Ernst Russ Group Real Estate segment acquired three project sites in ILO Park, Pinneberg, together with a joint venture partner for the construction of around 75 subsidised housing units. This was followed in August by the acquisition of a property in Bad Oldesloe, also as part of a joint venture, on which a total of 136 residential units will be built from 2020 on.

The disposal of both its Investor Management and Solar businesses has allowed the group of companies to make an essential step forward in the stabilization of its business model as an asset and investment manager.

Investments made in the first half of 2019 led to an increase in total equity and liabilities of EUR 14.1 million to EUR 117.5 million. Despite a consolidated net loss of EUR -0.6 million in the first half of the year, which was influenced by one-off effects, equity was up from EUR 51.1 million to EUR 58.5 million. This again produced an increased equity ratio of 49.8 %.

The half-year performance of Ernst Russ AG is attributable mainly to the streamlining of the Group's structure, which will enhance its ability to act effectively and in a flexible manner in the asset investment and management segment in the long term.

The Ernst Russ AG 2019 Half-Year Report can be downloaded from www.ernst-russ.de.

About the Ernst Russ Group: Ernst Russ AG is an internationally operating listed asset and investment manager with a focus on the shipping and real estate asset classes. The Ernst Russ Group currently manages a fleet of around 80 container ships, tankers, bulk carriers and other vessels as well as 40 properties at 28 sites. www.ernst-russ.de

Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: [email protected]

17.09.2019 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: Ernst Russ AG
Elbchaussee 370
22609 Hamburg
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: [email protected]
Internet: www.ernst-russ.de
ISIN: DE000A161077
WKN: A16107
Listed: Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 874615

End of News DGAP News Service

874615  17.09.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 39,96 44,04 52,71 58,79 55,57 92,29 167,00
EBITDA1,2 4,77 10,71 8,60 9,00 9,70 40,13 86,00
EBITDA-Marge3 11,94 24,32 16,32 15,31 17,46 43,48 51,50
EBIT1,4 3,30 3,90 3,80 4,00 2,30 30,80 76,00
EBIT-Marge5 8,26 8,86 7,21 6,80 4,14 33,37 45,51
Jahresüberschuss1 6,46 6,35 6,38 1,77 4,74 26,29 49,00
Netto-Marge6 16,17 14,42 12,10 3,01 8,53 28,49 29,34
Cashflow1,7 4,58 -4,03 -0,98 12,25 8,03 39,72 43,00
Ergebnis je Aktie8 0,20 0,17 0,19 0,05 0,12 0,49 1,05
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - 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: KPMG

Ernst Russ
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A16107 4,060 Kaufen 131,68
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,12 18,61 0,38 19,33
1,83 3,32 1,43 4,74
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,00 0,00 18.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
17.05.2022 25.08.2022 15.11.2022 24.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-29,42% -25,08% -35,56% 30,13%
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Finanzdienstleistungen , A16107 , HXCK , XETR:HXCK