Traumhaus AG
Traumhaus AG reviews capital increase
DGAP-News: Traumhaus AG
/ Key word(s): Capital Increase
11.05.2021 DGAP-News: Traumhaus AG DGAP-News: Traumhaus AG / Key word(s): Real Estate / Review of capital increase Traumhaus AG reviews capital increase Traumhaus AG (Frankfurt, m:access, Xetra, ISIN: DE000A2NB7S2) is examining a capital increase in 2021 in the context of a public offering. This measure is intended to expand the free float and make the share accessible to the general public. This was determined by the Executive Board in a resolution dated May 11, 2021. Otfried Sinner, CEO of Traumhaus AG: “We are very satisfied with the business development, which strengthens us in our business model. Even in times of the Covid 19 pandemic, it is evident that Traumhaus is well positioned with its specialization in serial construction. A good and solid profit forecast for the past fiscal year 2020 as well as the forecast for the current fiscal year 2021 are proof of this. The extensive property portfolio already secured by Traumhaus will lead to annual sales increases averaging at least 15 to 20 percent in the coming years. We have a long-standing and trusting relationship with the same strong business partners who supply us with materials despite the current supply bottlenecks in the market. Our business model of serial production allows us to agree annual order quotas rather than ordering project by project, as is common in our industry. This shows that reliable and constant buyers like Traumhaus AG have a clear advantage when working with their suppliers. From today’s perspective, Traumhaus is marginally affected by the shortage of raw materials. Traumhaus would use the funds from the envisaged capital increase for further growth. We are certain that the market in the property development business will continue to consolidate in the medium term and will be dominated by large companies with strong sales. This trend can already be seen today.” The final decision on a capital increase through a public offering will be made by the Traumhaus AG Board of Directors based on the prevailing market environment. About Traumhaus AG Traumhaus AG Investor Relations Traumhaus AG Press Spokesperson
11.05.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Traumhaus AG |
Borsigstraße 20a | |
65205 Wiesbaden | |
Germany | |
Phone: | +49 (0) 6122 586 53 0 |
Fax: | +49 (0) 6122 586 53 53 |
E-mail: | info@traumhaus-familie.de |
Internet: | www.traumhaus-familie.de |
ISIN: | DE000A2NB7S2 |
WKN: | A2NB7S |
Listed: | Regulated Unofficial Market in Frankfurt, Munich |
EQS News ID: | 1195247 |
End of News | DGAP News Service |