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Gateway Real Estate AG: Sales pipeline reassessment for fiscal 2022

Gateway Real Estate AG / Key word(s): Real Estate/Forecast
Gateway Real Estate AG: Sales pipeline reassessment for fiscal 2022

18-Nov-2022 / 16:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Gateway Real Estate AG: Sales pipeline reassessment for fiscal 2022

Berlin, November 18, 2022. The Management Board of Gateway Real Estate AG ("Company"- WKN A0JJTG / ISIN DE000A0JJTG7) has determined today in the context of a reassessment of the sales pipeline that the sales planned for the current fiscal year 2022, in particular in the course of forward sales in the segment "Residential Real Estate", cannot be completed as expected. As a result, earnings contributions for the planned EBIT adjusted (previously EUR 125 to 140 million) and for the planned earnings before taxes (EBT) (previously EUR 70 to 85 million) in the amount of approximately 90 million EUR each will be omitted for the current fiscal year. The reason for this is the significant cooling of the economy and a considerably reduced sales speed, in particular as a result of the changed interest rate environment.

The Company reports EBIT adjusted as the operating result plus the result from financial assets accounted for using the equity method.


Contact:
INVESTOR RELATIONS

Sven Annutsch
Investor Relations
Hardenbergstr. 28a
10623 Berlin
+49 (0) 30 40 363 47 11
Sven.Annutsch@gateway-re.de
www.gateway-re.de

18-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Gateway Real Estate AG

Hardenbergstraße 28a

10623 Berlin

Germany

Phone:

+49 (0) 30 40 363 47 - 0

Fax:

+49 (0) 30 40 363 47 99

E-mail:

info@gateway-re.de

Internet:

www.gateway-re.de

ISIN:

DE000A0JJTG7

WKN:

A0JJTG

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

EQS News ID:

1491807


 

End of Announcement

EQS News Service

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