13.01.2022 Adler Group S.A.  LU1250154413

DGAP-News: Adler Group S.A. signs contract over portfolio sale to KKR/Velero and will reach LTV target of below 50%


 

DGAP-News: Adler Group S.A. / Key word(s): Disposal
Adler Group S.A. signs contract over portfolio sale to KKR/Velero and will reach LTV target of below 50%

13.01.2022 / 07:00
The issuer is solely responsible for the content of this announcement.


Adler Group S.A. signs contract over portfolio sale to KKR/Velero and will reach LTV target of below 50%

  • Sale of c. 14,400 units at a premium on book value
  • Leading global investment firm KKR and Velero acquire units in an asset deal
  • Expected net cash proceeds of c. €600m

Berlin, 13 January 2022 - Adler Group S.A. ("Adler Group") today announced the signing of an agreement with KKR, a leading global investment firm, on the sale of approximately 14,400 residential and commercial units, predominantly located in medium-sized cities in eastern Germany. The transaction is structured as asset deal. The agreed purchase price corresponds to a valuation of the portfolio of €1.05 billion and thus a premium on the book value reported as of 30 September 2021 and independently appraised by CBRE.

Adler Group expects net cash proceeds from the transaction of around €600m. This corresponds to the amount stated in previous publications. With this cash inflow, Adler Group will further deliver on its objective of deleveraging its balance sheet and achieve its strategic goal of reducing the loan-to-value ratio (LTV) to below 50%.

The signed agreement corresponds to the terms of the letter of intent concluded between Adler Group and KKR/Velero at the end of October 2021. Thus, the sale above book value provides further evidence of the intrinsic value of the Adler Group portfolio.

With this transaction, Adler Group is consistently pursuing its strategy to permanently increase the value of the company in the interests of all stakeholders by accelerating the reduction of leverage as well as focusing on residential properties in Germany's large cities. Combined with the recently closed transaction with LEG Immobilien SE, the process of disposing yielding properties that are not in line with the strategy is now largely complete.


Contact

Investor Relations:
T +352 278 456 710
E [email protected]



13.01.2022 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
Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: [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: 1268117

 
End of News DGAP News Service

1268117  13.01.2022 

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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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Adler Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A14U78 5,570 Verkaufen 654,53
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
37,13 5,99 6,20 6,19
KBV KCV KUV EV/EBITDA
0,22 - 0,57 34,23
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
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
-48,38% -57,36% -48,81% -76,11%
    
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Immobilien (Wohn) , A14U78 , ADJ , XETR:ADJ