21.05.2023 PATRIZIA SE  DE000PAT1AG3

EQS-Adhoc: PATRIZIA SE: Asoka Wöhrmann, CEO Designate of PATRIZIA SE plans entrepreneurial investment in PATRIZIA shares – shareholders to approve adjusted remuneration system


EQS-Ad-hoc: PATRIZIA SE / Key word(s): AGM/EGM/Investment
PATRIZIA SE: Asoka Wöhrmann, CEO Designate of PATRIZIA SE plans entrepreneurial investment in PATRIZIA shares – shareholders to approve adjusted remuneration system

21-May-2023 / 21:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Asoka Wöhrmann, CEO Designate of PATRIZIA SE plans entrepreneurial investment of up to EUR 3 million in PATRIZIA shares via newly established “Shareholder Value Long-Term Incentive (SVL)”– shareholders to approve adjusted remuneration system

The Board of Directors of PATRIZIA SE will soon publish an adjusted remuneration system for the Company and provides an adjusted agenda item 11 of the invitation for the PATRIZIA SE annual general meeting (AGM) taking place on 25 May 2023 accordingly. The invitation was initially published in the Federal Gazette on 13 April 2023.

As part of the appointment of the CEO Designate, the Board of Directors approved an additional long-term incentive element - “Shareholder Value Long-Term Incentive (SVL)” - to be granted to Asoka Wöhrmann, pending shareholder approval of the adjusted remuneration system.

To be eligible for the full participation in the SVL, Asoka Wöhrmann is required to personally invest up to EUR 3 million in PATRIZIA shares in the coming months (share purchase via the market), once shareholder approval has been granted at the 2023 AGM. Asoka Wöhrmann has committed to the Board of Directors to fully participate in the SVL.

The SVL consists of a performance and vesting period of 5 years and an additional holding period of 3 years. Besides the personal investment in PATRIZIA shares, achievement of ambitious business targets and shareholder value targets are prerequisites for a payout.

The ambitious business targets for the CEO Designate are linked to the long-term achievement of absolute EBITDA levels or the level of recurring revenues. The ambitious shareholder value targets are linked to the performance of PATRIZIA shares (minimum threshold of EUR 26.25 share price and maximum of EUR 60.00, with payout further capped at a share price of EUR 80.00) and the capital markets valuation in form of an EBITDA multiple target (minimum threshold of 14x and maximum of 20x).

The maximum remuneration for the CEO Designate in the adjusted remuneration system – excluding the SVL – has been set at EUR 8 million. Due to the ambitious target setting with subsequent upside to the CEO Designate, the maximum potential remuneration for the CEO Designate – including the SVL - has been set at EUR 50.0 million in the adjusted remuneration system of the Company, which consists of a maximum potential one-time payout ceiling assumed for the SVL in case of 200% target achievement (capped at a share price of EUR 80.00), and reflects the significance of the potential maximum attainment of the CEO Designate in delivering the ambitious business targets over the 5-year performance period.

Achievement of the maximum remuneration would subsequently create significant shareholder value for all shareholders with the share price of the Company required to grow more than eightfold from today’s levels during the performance period for the maximum payout to be reached.


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

End of Inside Information

21-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Fuggerstraße 26
86150 Augsburg
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: [email protected]
Internet: www.patrizia.ag
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1637753

End of Announcement EQS News Service

1637753  21-May-2023 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 249,57 350,63 398,70 301,69 318,16 346,29 310,00
EBITDA1,2 95,79 120,78 136,92 115,69 128,92 78,93 51,50
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 23,00
EBIT-Marge5 34,90 22,40 20,41 24,32 29,33 10,27 7,42
Jahresüberschuss1 58,90 58,12 56,35 40,68 51,81 7,25 12,60
Netto-Marge6 23,60 16,58 14,13 13,48 16,28 2,09 4,07
Cashflow1,7 17,20 -53,35 56,62 82,87 29,34 120,91 0,00
Ergebnis je Aktie8 0,60 0,57 0,58 0,42 0,54 0,08 0,24
Dividende8 0,25 0,27 0,29 0,30 0,32 0,33 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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

WKN Kurs in € Einschätzung Börsenwert in Mio. €
PAT1AG 7,420 Halten 685,25
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,10 26,44 0,68 9,33
0,57 5,67 1,98 8,20
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,33 0,20 2,70 12.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 14.08.2024 14.11.2023 22.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,75% -12,11% -9,51% -31,55%
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Immobilien (Wohn) , PAT1AG , PAT , XETR:PAT