16.03.2022 PATRIZIA AG  DE000PAT1AG3

DGAP-News: PATRIZIA Annual Report 2021 published: 'Next Now' - Delivering performance in real assets investment management


 

DGAP-News: PATRIZIA AG / Key word(s): Annual Report/Dividend
PATRIZIA Annual Report 2021 published: 'Next Now' - Delivering performance in real assets investment management

16.03.2022 / 17:38
The issuer is solely responsible for the content of this announcement.


  • FY 2021 with strong growth in operational KPIs and continued growth in AUM
  • Dividend increase of 6.7% to EUR 0.32 per share and continued share buy-back programme
  • EBITDA guidance for FY 2022 of EUR 120.0 - 145.0m based on normalised market environment
  • Annual average organic growth target range of 8 - 10% confirmed

Augsburg, 16 March 2022. PATRIZIA AG, a leading partner for global real assets, today published its FY 2021 Annual Report which confirmed the financial performance of FY 2021 already communicated to the market with preliminary results on 24 February 2022.

PATRIZIA's Management Board highlights strategic and operational highlights in the report. Operational milestones include new product launches and the continued expansion of the Group's global client network to now over 500 institutional and over 6,000 private and (semi-)professional investors. At the same time equity commitments entrusted to PATRIZIA increased close to 39% to EUR 2.6bn compared to the previous year.

Overall AUM grew 3.5% y-o-y to EUR 48.6bn. Following the closing of the Whitehelm acquisition on 1 February 2022 - which marks one of the strategic highlights in FY 2021 - AUM today stands at around EUR 52.0bn. Operating income was up 1.6% y-o-y to EUR 118.3m, EBITDA up 11.4% y-o-y to EUR 128.9m.

At the same time further progress was made in the strategically important areas of Technology & Innovation and Digitalisation. PATRIZIA in 2021 prepared the roll-out of Smart Building Technologies across the managed portfolio (AUM) in 2022. Another milestone was the launch of the Sustainable Future Ventures (SFV) fund - a Venture Capital fund for the building sector with the aim to grow a portfolio of technology companies that have the potential to change the way we finance, build, and use real estate.

In addition, the new "Fund Services+" organisation went live in 2021, in which PATRIZIA bundles administrative services into one organisation that will serve as a one stop shop service platform for all fund, portfolio, asset, and IT services. It will drive the further digitalisation of the Group's services, support the growth ambition and has the potential to generate additional third-party revenues.

In FY 2021 PATRIZIA also defined its path for contributing to a sustainable real assets industry with four overarching goals, ranging from sustainable investing, impact investing, net zero carbon strategy to becoming an employer of choice in the real asset sector. Further details can be found in the Annual Report and the Sustainability Report, which will be published in the next few weeks.

Further progress was made in the area of diversity with the setup of an Equity, Diversity & Inclusion (ED&I) Council and the expansion of the Group's diverse Supervisory Board followed by introduction of new Board Committees.

For FY 2022 PATRIZIA expects an EBITDA in the range of EUR 120.0 to 145.0m. While the company has no exposure to the countries involved in the Russia/Ukraine conflict, it is at this stage not possible to conclusively assess the effects that increased geopolitical risks as well as the further development of the Covid-19 pandemic will have on the general economic situation as well as on the markets relevant for PATRIZIA. PATRIZIA management nevertheless confirms that the structural growth market for real asset investment management is intact.

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From FY 2022 onwards, PATRIZIA will simplify its financial reporting and use AUM growth, EBITDA and EBITDA margin as key financial performance indicators (the latter two replacing operating income and Cost Coverage Ratio (CCR)). This change is aligned to PATRIZIA completing the transformation of its business model to a fully-fledged third-party real assets investment manager. The advantage is that this move simplifies financial reporting and aligns the reporting structure to international market standards. The below financial results for FY 2020 and FY 2021 and guidance for FY 2022 are hence shown based on the new reporting framework.

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PATRIZIA: A leading partner for global real assets
With operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 38 years. PATRIZIA manages more than EUR 50 billion in assets and employs over 900 professionals at 26 locations worldwide. Through its PATRIZIA Foundation, PATRIZIA is committed to social responsibility. The Foundation has helped around 250,000 children in need worldwide gain access to education and thus, has given them the chance of a better life over the last 22 years. You can find further information at www.patrizia.ag


Contact:
Martin Praum                                                 
Head of Investor Relations & Group Reporting
Phone: +49 69 643505-1114                          
[email protected]

 


16.03.2022 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: PATRIZIA AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: [email protected]
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1304613

 
End of News DGAP News Service

1304613  16.03.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 249,57 350,63 398,70 301,69 318,16 346,29 292,43
EBITDA1,2 95,79 120,78 136,92 115,69 128,92 78,93 54,10
EBITDA-Marge3 38,38 34,45 34,34 38,35 40,52 22,79
EBIT1,4 87,11 78,55 81,36 73,38 93,31 35,56 5,10
EBIT-Marge5 34,90 22,40 20,41 24,32 29,33 10,27 1,74
Jahresüberschuss1 58,90 58,12 56,35 40,68 51,81 7,25 -4,10
Netto-Marge6 23,60 16,58 14,13 13,48 16,28 2,09 -1,40
Cashflow1,7 17,20 -53,35 56,62 82,87 29,34 120,91 73,83
Ergebnis je Aktie8 0,60 0,57 0,58 0,42 0,54 0,08 0,07
Dividende8 0,25 0,27 0,29 0,30 0,32 0,33 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
Patrizia
WKN Kurs in € Einschätzung Börsenwert in Mio. €
PAT1AG 8,620 Halten 796,07
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,68 26,31 0,87 11,92
KBV KCV KUV EV/EBITDA
0,71 10,78 2,72 19,44
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,33 0,34 3,94 12.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 14.08.2024 14.11.2024 22.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
9,13% 3,53% 5,12% -7,81%
    
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Immobilien (Wohn) , PAT1AG , PAT , XETR:PAT