Gateway Real Estate AG

  • WKN: A0JJTG
  • ISIN: DE000A0JJTG7
  • Land: Deutschland

Nachricht vom 30.09.2021 | 07:00

Gateway Real Estate achieves an EBIT adjusted of EUR 51.5 million in the first half year 2021

DGAP-News: Gateway Real Estate AG / Key word(s): Quarterly / Interim Statement/Real Estate
30.09.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

Gateway Real Estate achieves an EBIT adjusted of EUR 51.5 million in the first half year 2021

- EBIT adjusted reached EUR 51.5 million in H1 2021

- Earnings before taxes (EBT) amounted to EUR 37.9 million in the first six months 2021

Berlin, 30 September 2021. Gateway Real Estate AG (WKN A0JJTG / ISIN DE000A0JJTG7), one of the leading listed developers of residential real estate and urban quarters using resource-saving wooden construction method, today published the financial report for the first half year 2021.

The company continued its positive development in the second quarter of 2021. Thus, the company generated an EBIT adjusted of EUR 51.5 million (H1 2020: EUR 28.4 million) and earnings before taxes (EBT) amounted to EUR 37.9 million (H1 2020: EUR 13.3 million) in the first six months 2021. Among other things, earnings were impacted by the successful sale of the activities in the Commercial Properties Development segment in the first quarter 2021.

The gross development volume (GDV) amounts to more than €6 billion including the urban quarter development project in Leipzig acquired in July 2021 as well as the additional attractive pipeline.

Tobias Meibom, CFO of Gateway Real Estate AG, comments: "The figures of the first half year 2021 demonstrate our company's good positioning. Thanks to the acquisitions of the three urban quarter developments this year, we believe we are also well positioned for the future. We confirm our full-year guidance of an EBIT adjusted of EUR 95 to 110 million and earnings before taxes (EBT) of EUR 70 to 80 million."
 

About Gateway Real Estate

Gateway Real Estate AG is one of the leading listed developers of residential real estate and urban quarters in Germany, using resource-saving wooden construction method (WKN A0JJTG / ISIN DE000A0JJTG7). The focus of real estate development activities is on sustainability and responsible use of resources. The company has a portfolio in Germany's Top 9 cities and in selected high-growth regions, excellent market access and a well-filled project pipeline. This way, the company achieves sustainable and profitable growth.

Further information: https://gateway-re.de/en/


Contact
Sven Annutsch
Hardenbergstr. 28a
10623 Berlin
T +49 (0) 30 40 363 47 - 0
F +49 (0) 30 40 363 47 99
E-Mail: sven.annutsch@gateway-re.de



30.09.2021 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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