31.08.2021 Accentro Real Estate AG  DE000A0KFKB3

DGAP-News: ACCENTRO Reports Dynamic Revenue and Earnings Growth


 

DGAP-News: Accentro Real Estate AG / Key word(s): Half Year Report/Real Estate
ACCENTRO Reports Dynamic Revenue and Earnings Growth

31.08.2021 / 08:30
The issuer is solely responsible for the content of this announcement.


ACCENTRO Reports Dynamic Revenue and Earnings Growth

- Revenues increase by 95.2 % to EUR 73.0m during 1st half-year 2021 (prev. year: EUR 37.4 m)

- EBIT multiplies, climbing to EUR 19.1m (prev. year: EUR 1.2m)

- Consolidated earnings rise significantly to EUR 4.7m (prev. year: EUR -11.6m)

- Earnings per share of EUR 0.14 (prev. year: EUR -0.36)

- Forecast for significant revenue and earnings growth in 2021 upheld

 

Berlin, 31 August 2021 - ACCENTRO Real Estate AG, an investor in residential real estate and Germany's leading housing privatisation company, keeps growing dynamically and looks back on an extremely successful first half-year.

Lars Schriewer, CEO of ACCENTRO Real Estate AG, expressed his contentment: "Overall, we achieved an excellent business performance. Compared to the first half-year of 2020, we nearly doubled our revenues. Our EBIT multiplied. All business units contributed to this excellent performance. Our strong strategic market position will serve as basis for our long-term success."

Consolidated revenues rose by 95.2 % to EUR 73.0 million (prev. year: EUR 37.4 million). Even more dynamic was the performance of consolidated earnings before interest and taxes (EBIT) climbing to EUR 19.1 million (prev. year: EUR 1.2 million). Accordingly, the consolidated earnings increased to EUR 4.7 million (prev. year: EUR -11.6 million) and earnings per share rose to EUR 0.14 (prev. year: EUR -0.36).

Contributions to operating income from fair value adjustments of investment properties - meaning the real estate portfolio of ACCENTRO which is held, developed and rented out longer-term - had a very positive impact on EBIT with EUR 16.3 million. This clearly demonstrates the quality and the capital appreciation potential of this real estate portfolio.

Total assets increased to EUR 981 million (31 December 2020: EUR 862 million), which is among others attributable to the further expansion of investment properties. The expansion is also reflected in the rental income, which jumped up by 96.4 % to EUR 10.8 million (prev. year: EUR 5.5 million).

ACCENTRO also achieved an excellent performance in the privatisation of residential real estate. Here, revenues almost doubled as they increased by 97.4 % to EUR 61.0 million (prev. year: EUR 30.9 million) during the first six months. The company sold 360 units to tenants, owner-occupiers and private investors - an increase by 122.2 % over prior-year period (prev. year: 162 units). The notarised volume of property sales amounted to EUR 116.3 million and exceeded the prior-year figure by a significant 155.0 % (prev. year: EUR 45.6 million).

After the positive business development during the first six months, ACCENTRO upholds its forecast for this year. It predicts that revenues will grow by around 60 % to somewhere between EUR 170 and 200 million (prev. year: EUR 125.2 million) and the EBIT by up to around 44 % to somewhere between EUR 45 and 50 million (prev. year: EUR 34.8 million). The objective is to generate growing and stable earnings. The earnings performance in the second half of the year will besides further fair value adjustments be driven by privatisation revenues - not least because of the robust sales activities during the first half-year - and by proceeds from block sales and rental revenues.

Lars Schriewer is very optimistic about the future: "ACCENTRO is superbly positioned. The company has a very well-filled privatisation pipeline. The fair value adjustments of the investment properties show moreover that we managed to build up a rental property portfolio that not only generates growing rental revenues but that also has enormous capital appreciation potential. We will keep growing significantly in both areas, and will help to provide the residential accommodation that is so urgently needed in Germany."



About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany's market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of apartments to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party apartment marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.ag

 

Investor Relations Contact:

Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstrasse 44/45
D-10625 Berlin
E-mail: [email protected]
Tel. +49 (0)30 - 88 71 81 272


Press and Public Relations Contact:

Christian Dose
WMP EuroCom AG
Barckhausstrasse 1
D-60325 Frankfurt
E-mail: [email protected]
Tel. +49 (0)69 2475689491
Mobile: +49 (0)173 6679900



31.08.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Accentro Real Estate AG
Kantstr. 44/45
10625 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: [email protected]
Internet: www.accentro.ag
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1229960

 
End of News DGAP News Service

1229960  31.08.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 125,11 159,30 205,61 143,27 125,18 192,75 163,00
EBITDA1,2 34,05 36,53 33,21 40,54 35,63 46,60 23,00
EBITDA-Marge3 27,22 22,93 16,15 28,30 28,46 24,18 14,11
EBIT1,4 33,94 36,42 32,86 39,80 34,77 45,16 8,80
EBIT-Marge5 27,13 22,86 15,98 27,78 27,78 23,43 5,40
Jahresüberschuss1 26,47 20,12 18,30 26,30 18,06 13,13 -11,60
Netto-Marge6 21,16 12,63 8,90 18,36 14,43 6,81 -7,12
Cashflow1,7 21,72 -25,20 -48,43 -75,67 -32,66 99,55 0,00
Ergebnis je Aktie8 0,90 0,81 0,56 0,81 0,51 0,37 -0,36
Dividende8 0,15 0,17 0,16 0,00 0,00 0,04 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: Ebner Stolz

INVESTOR-INFORMATIONEN
©boersengefluester.de
Accentro Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0KFKB 2,320 Halten 75,26
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 11,61 0,00 4,37
KBV KCV KUV EV/EBITDA
0,31 0,76 0,39 12,02
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 31.08.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.05.2023 31.08.2023 30.11.2022 28.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,96% -39,66% -64,85% -66,38%
    
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Immobilien (Wohn) , A0KFKB , A4Y , XETR:A4Y