Eyemaxx Real Estate AG

  • WKN: A0V9L9
  • ISIN: DE000A0V9L94
  • Land: Deutschland

Nachricht vom 19.02.2019 | 09:26

EYEMAXX Real Estate AG records substantially higher profit in FY 2017/2018

DGAP-News: Eyemaxx Real Estate AG / Key word(s): Annual Results/Real Estate

19.02.2019 / 09:26
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

EYEMAXX Real Estate AG records substantially higher profit in FY 2017/2018

- Earnings before tax up by 16.50 percent to EUR 9.561 million.

- Equity up by 26.50 percent to EUR 63.574 million.

- Outlook for FY 2018/2019: Continuation of positive business growth and further profit increase expected


Aschaffenburg, 19 February 2019 - EYEMAXX Real Estate AG (General Standard; ISIN: DE000A0V9L94; "Eyemaxx") significantly increased its profit in fiscal year 2017/2018 (1 November 2017 to 31 October 2018) compared to the previous year. The company is also confident about the future and expects a further increase in earnings for the current 2018/2019 fiscal year.

Earnings before taxes were up by 16.50 percent to EUR 9.561 million compared to the previous year, net income increased to 7.292 EUR million. Equity was also further strengthened. Equity at the end of the fiscal year (31 October 2018) lifted to EUR 63.574 million after EUR 50.100 million one year previously. This corresponds to an equity ratio of 29.06%.

In the 2017/2018 fiscal year, Eyemaxx launched new attractive projects and expanded its project pipeline to almost EUR 1 billion. Major sales were also achieved, such as the Sonnenhöfe shortly after the end of the fiscal year. In addition, the company reinforced its activities in the high-growth hotel sector as planned. New projects with a total volume of around EUR 77 million were launched in this segment. These include hotel projects in Hamburg, Berlin-Treptow and Bamberg as part of the major revitalisation project.
Additional financial resources for further growth were generated in the reporting period via the successful placement of a capital increase with a volume of around EUR 5.6 million and the issue of a corporate bond with a volume of EUR 30.0 million.

Eyemaxx is very optimistic that it will be able to continue its profitable growth in the future. The project pipeline is to be successively implemented, and new projects are also to be launched - focussing on the residential sector and the high-growth markets of hotels and serviced apartments.

The 2017/2018 annual report will be published on 28 February 2019 and is available on the Eyemaxx website at www.eyemaxx.comand will be available for download.

About EYEMAXX Real Estate AG

EYEMAXX Real Estate AG is a real estate company with a long-standing successful track record, focussing on residential properties in Germany and Austria. In addition, EYEMAXX also realises commercial properties in central Europe. In the company's recent past its corporate strategy has also included hotels and serviced apartments as well as developing urban districts in Germany.

EYEMAXX' business activities take a dual-pronged approach. These include high-margin projects and also the continued expansion of its stocks of let commercial properties, which generate ongoing rental income and thus constant cash flows. In so doing, EYEMAXX uses the expertise offered by its experienced management team together with a strong team of real estate professionals, and also a well-established and broad network which opens up additional access to attractive properties and projects. As a result the current project pipeline has been grown to total around one billion euros.

Shares of EYEMAXX Real Estate AG are listed in the General Standard of Frankfurt Stock Exchange and in the direct market plus on Vienna Stock Exchange. The company has also issued several bonds, which are also listed on the stock exchange.

You can find more information at www.eyemaxx.com

Contact

Investor Relations/Financial Press
Axel Mühlhaus, Peggy Kropmanns
edicto GmbH
Tel.: +49 69 905505-52
E-mail: eyemaxx@edicto.de



19.02.2019 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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