Berlin, 06. February 2019. Accentro Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3) anticipates approximately EUR 206.9 million in revenues for the 2018 financial year according to preliminary figures that have just become available. This represents an increase by 29.9 % compared to the prior-year figure of EUR 159.3 million and simultaneously the highest revenue total in the company’s history.
Earnings before interest and taxes (EBIT) amounted to EUR 32.5 million (previous year: EUR 36.4 million). The figure is definitively influenced by delays that certain projects suffered, as a result of which the corresponding contributions to operating income will accrue in subsequent periods.
Consolidated income will approximate EUR 18.3 million (previous year: EUR 20.3 million).
The Annual Report of the 2018 financial year will be published along with further details on 20 March 2019 as scheduled.
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is the market leader in residential privatisation in Germany. In addition to its home market Berlin, the company concentrates on metropolitan regions such as Hamburg, Cologne, Dusseldorf, Rhine-Main region, Leipzig, Hanover or Bonn. In the privatization segment ACCENTRO sells appartments of the company’s portfolio to private users and investors or to institutional investors as portfolio deals. In the business segment Services & Ventures ACCENTRO markets appartments for investors and project developers – also in the context of participations in Joint Ventures. ACCENTRO Real Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3).
Contact Investor Relations
ACCENTRO Real Estate AG
Uhlandstr. 165, 10719 Berlin
Tel. 030 – 887 181 10
Fax 030 – 887 181 11
06-Feb-2019 / 17:17 CET/CEST / Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014