09.05.2022 Corestate Capital Holding S.A.  LU1296758029

DGAP-Adhoc: Corestate Capital Holding S.A.: Evaluation of options for refinancing, including potential alternative scenarios. Financial outlook for 2022 is withdrawn.


 

DGAP-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Bond/Change in Forecast
Corestate Capital Holding S.A.: Evaluation of options for refinancing, including potential alternative scenarios. Financial outlook for 2022 is withdrawn.

09-May-2022 / 18:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Corestate Capital Holding S.A.: Evaluation of options for refinancing the convertible bond and bond, including potential alternative scenarios. Financial outlook for 2022 is withdrawn.

Luxemburg, 9 May 2022 - The Management Board of Corestate Capital Holding S.A. ("Corestate") has decided today - while continuing and maintaining the steps taken to raise additional liquidity - to prepare in parallel alternative measures to refinance the convertible bond (maturing November 2022) and the bond (maturing April 2023). For this purpose, the Company has, among other things, mandated a financial advisor to evaluate and, if necessary, prepare the options for refinancing both instruments, including potential alternative scenarios.

Furthermore, the macroeconomic risks, which have increased significantly since the outbreak of the Ukraine war and the ongoing disruptions to global supply chains, are also reaching the real estate sector. The latest dynamic developments on the interest rate and inflation side are currently leading to a decline in transaction business and restraint on the part of clients. In addition, there has been a significant increase in uncertainty on the part of the Company due to the refinancing process currently underway, with possible negative consequences for new business in the current year. In view of the significantly lower revenues, particularly from acquisition and performance-related fees in the core business, that are becoming apparent as a result of both effects, the Company no longer considers it sufficiently probable that it will achieve the financial targets originally planned for the financial year. A concrete deviation cannot be reliably quantified at present. The Management Board is therefore withdrawing the financial outlook for 2022, with revenue of between € 210 million and € 230 million and EBITDA of between € 90 million and € 110 million and a related dividend, until further notice.

Mitteilende Person:
Dr. Kai Gregor Klinger
Chief Markets Officer
T: +49 69 3535630107 / M: +49 152 22755400
[email protected]

[Explanations of the key figures used are available on our website https://corestate-capital.com/wp-content/uploads/2019/05/KPI-D.pdf .]


09-May-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Corestate Capital Holding S.A.
4, Rue Jean Monnet
L-2180 Luxembourg
Luxemburg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-299
E-mail: [email protected]
Internet: www.corestate-capital.com
ISIN: LU1296758029
WKN: A141J3
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1347455

 
End of Announcement DGAP News Service

1347455  09-May-2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 161,71 204,43 250,91 199,60 205,80 0,00 0,00
EBITDA1,2 104,68 174,13 175,03 16,60 24,70 0,00 0,00
EBITDA-Marge3 64,73 85,18 69,76 8,32 12,00 0,00
EBIT1,4 83,82 147,06 143,93 -38,10 -187,90 0,00 0,00
EBIT-Marge5 51,83 71,94 57,36 -19,09 -91,30 0,00 0,00
Jahresüberschuss1 56,36 103,49 108,79 -68,90 -200,10 0,00 0,00
Netto-Marge6 34,85 50,62 43,36 -34,52 -97,23 0,00 0,00
Cashflow1,7 15,39 251,35 78,06 -60,10 31,00 0,00 0,00
Ergebnis je Aktie8 3,24 4,93 5,11 -3,04 -6,29 -17,00 -0,20
Dividende8 2,00 2,50 0,00 0,00 0,00 0,00 1,00
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: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Corestate Capital Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A141J3 0,294 Halten 48,85
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,70 11,37 1,23 -0,34
KBV KCV KUV EV/EBITDA
0,49 1,58 0,24 24,37
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 14.07.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
10.05.2022 09.08.2022 08.11.2022 21.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-19,54% -32,04% -34,67% -34,59%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Corestate Capital Holding S.A.  ISIN: LU1296758029 können Sie bei EQS abrufen


Immobilien (Gewerbe) , A141J3 , CCAP , XETR:CCAP