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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

·2-min read

DGAP-News: Gateway Real Estate AG / Key word(s): Quarterly / Interim Statement/Real Estate
28.05.2021 / 07:06
The issuer is solely responsible for the content of this announcement.

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/
 

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


28.05.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1201767


 

End of News

DGAP News Service

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