EQS-Ad-hoc: Gateway Real Estate AG / Key word(s): Preliminary results/Real estate
Gateway Real Estate AG publishes preliminary business figures for the 2023 financial year
12.04.2024 / 20:20 CET/CEST
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Gateway Real Estate AG publishes preliminary business figures for the 2023 financial year
Berlin, April 12, 2024. Based on preliminary and unaudited figures, Gateway Real Estate AG (“Company” – WKN A0JJTG / ISIN DE000A0JJTG7) assumes that the 2023 financial year will likely be with EBIT adjusted of EUR -142, 9 million (forecast: EUR -37 million to EUR -27 million) and earnings before taxes (EBT) of EUR -185.1 million (forecast: EUR -52 million to EUR -42 million) as well with equity capital of EUR 210.3 million.
The deviation essentially results from further write-downs of financial receivables amounting to EUR 100.5 million, which the Executive Board decided to carry out today for reasons of risk prevention after it became aware of new information on the financial situation of the affected debtors. In addition, a partial write-down of EUR 29.7 million was made today on real estate projects held in inventory.
The company reports the operating result plus the result from financial investments accounted for using the equity method as EBIT adjusted.
The company will publish the final financial figures and the annual report for the 2023 financial year on April 30, 2024.
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: [email protected]
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April 12, 2024 CET/CEST The EQS distribution services include legal reporting requirements, corporate news/financial news and press releases.
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Language: German Company: Gateway Real Estate AG Hardenbergstraße 28a 10623 Berlin Germany Telephone: +49 (0) 30 40 363 47 – 0 Fax: +49 (0) 30 40 363 47 99 Email: [email protected] Internet: www.gateway-re.de ISIN: DE000A0JJTG7 WKN: A0JJTG Stock exchanges: Regulated market in Frankfurt (Prime Standard); Open market in Berlin, Düsseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1879833
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1879833 04/12/2024 CET/CEST
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