16.04.2021 Adler Group S.A.  LU1250154413

DGAP-News: Adler Group S.A. welcomes Federal Constitutional Court's decision to annul the Berlin rent cap


DGAP-News: Adler Group S.A. / Key word(s): Legal Matter
Adler Group S.A. welcomes Federal Constitutional Court's decision to annul the Berlin rent cap

16.04.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

Adler Group S.A. welcomes Federal Constitutional Court's decision to annul the Berlin rent cap

- The Federal Constitutional Court declares the Berlin rent cap unconstitutional and ineffective

- The decision restores confidence in Berlin as a location in the interests of the city and its residents

- New construction activities of Adler Group will create additional affordable housing in German most densely populated cities

Berlin, 16 April 2021 - The Federal Constitutional Court in Karlsruhe has ruled that Berlin's rent cap is unconstitutional, thus declaring the highly controversial Act on Rent Restrictions in the Housing Sector in Berlin (MietenWoG Bln) incompatible with the Basic Law and therefore null and void. In the opinion of the Second Senate of the Federal Constitutional Court, the state of Berlin had no right to limit rent levels by means of a so-called "rent cap" in the German capital due to a lack of legislative competence, as the federal legislation had exhaustively regulated rent law in the German Civil Code (BGB).

Adler Group S.A. ("Adler Group") welcomes the quick and unambiguous decision of Germany's highest court, which restores the clarity, legal certainty and confidence in the housing market in Berlin which is in the interests of tenants, housing providers and investors that are crucial for new housing construction.

The Adler Group has always pointed out that the Berlin rent cap does not contribute to a sustainable, responsible investment climate needed for continued investments in the German housing sector and new construction.

In the coming years, the Adler Group will build more than 10,000 new apartments in Germany's top 7 cities, as well as make substantial investments in the refurbishment and energy modernization of its extensive housing stock in the interests of its many tenants. The Adler Group will continue to do its part and create affordable and attractive living spaces in order to meet the steadily increasing demand for housing and maintain existing housing at high energy and technical standards.

The Adler Group will offer its tenants individual solutions for repayments.

Investor Relations:

T +352 278 456 710
F +352 203 015 00
E [email protected]

16.04.2021 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: Adler Group S.A.
1B Heienhaff
1736 Senningerberg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: investo[email protected]
Internet: www.adler-group.com
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID: 1185473

End of News DGAP News Service

1185473  16.04.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 109,78 128,85 154,85 156,52 758,74 1.143,73 0,00
EBITDA1,2 66,63 77,09 93,78 93,81 555,58 208,25 0,00
EBITDA-Marge3 60,69 59,83 60,56 59,93 73,22 18,21 0,00
EBIT1,4 66,27 80,55 93,25 613,92 544,28 -640,97 0,00
EBIT-Marge5 60,37 62,51 60,22 392,23 71,73 -56,04 0,00
Jahresüberschuss1 410,77 367,51 397,46 606,92 229,46 -1.165,01 0,00
Netto-Marge6 374,18 285,22 256,67 387,76 30,24 -101,86 0,00
Cashflow1,7 76,38 86,85 103,93 88,76 120,30 -276,24 0,00
Ergebnis je Aktie8 10,11 8,07 8,77 12,74 1,99 -10,03 -0,50
Dividende8 0,45 0,60 0,75 0,75 0,46 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

Adler Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A14U78 4,808 Verkaufen 564,99
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
32,05 5,99 5,35 5,34
0,19 - 0,49 33,80
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,46 0,00 0,00 29.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.05.2022 31.08.2022 30.11.2022 -
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-53,34% -62,06% -55,81% -79,92%
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Immobilien (Wohn) , A14U78 , ADJ , XETR:ADJ