DGAP-News: Gateway Real Estate AG / Key word(s): Quarterly / Interim Statement/Real Estate
Gateway Real Estate starts successfully into the new year and achieves an EBIT adjusted of EUR 40.8 million in the first three months 2021
- EBIT adjusted reached EUR 40.8 million in Q1 2021
- Earnings before taxes (EBT) amounted to EUR 32.8 million in the first three months 2021
- Full-year forecast confirmed
Berlin, 28 May 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 quarterly statement for the first quarter 2021.
The company got off to an excellent start in 2021. In the first three months of the current fiscal year 2021, the company generated an EBIT adjusted of EUR 40.8 million (Q1 2020: EUR 22.7 million) and earnings before taxes (EBT) amounted to EUR 32.8 million (Q1 2020: EUR 13.0 million). Among other things, earnings were impacted by the successful sale of the activities in the Commercial Properties Development segment.
Tobias Meibom, CFO of Gateway Real Estate AG, comments: "The figures of the first quarter 2021 demonstrate, that our company is able to generate very good figures despite the current COVID-19 pandemic. We therefore 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/
28.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Gateway Real Estate AG
+49 (0) 30 40 363 47 - 0
+49 (0) 30 40 363 47 99
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
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