DGAP-News: Traumhaus AG / Key word(s): Half Year Results/Forecast
Traumhaus AG publishes half-year report
Significant increase in orders received, order backlog and units under construction
Half-yearly sales delayed due to handover and registration
Turnover and earnings forecasts depend not only on the pure demand for Traumhaus products and the availability of resources, but also to a large extent on official permits and registrations. During the contact-limited phases of the Covid-19 pandemic, as well as in the event of illness or quarantine of staff in the building and land registry offices, the processing of applications may be temporarily halted.In view of these possible adverse effects of the ongoing Covid 19 pandemic, the company had reduced its annual forecast in the first half of the year.
Due to the continuing unknown progress of the Covid-19 pandemic and the associated uncertainties in the execution of permits and registrations as well as in the progress of the nearly completed buildings, it is possible that a part of already secured revenues could be shifted to the following year. Against this background and following the precautionary principle, Traumhaus AG has decided to forecast a range of EUR 73 to 88 million in consolidated revenues for the 2020 financial year with a corresponding EBITDA of EUR 7.6 to 9.0 million.
Against the background of the excellent sales results announced in October, as well as a further increase in order backlog amounting to EUR 128.8 million and an extensive stock of acquired and bindingly secured properties with a revenue potential of approximately EUR 375 million, Traumhaus AG has a very good basis for further expanding its position as one of the leading providers of affordable living space through serial construction significantly in the near future.
A forecast for the 2021 financial year will be issued in the first quarter of 2021.
Traumhaus AG, founded in Wiesbaden in 1993, is an experienced provider of innovative housing concepts and serial construction in solid building methods. The company covers the entire value chain: from land purchase (from 3,500 sqm) and project development through construction and marketing to the subsequent management of the properties. The leitmotif is: "We have the solution for affordable housing". An essential success factor for this is the sophisticated standardization of all process steps. Since August 2018, the company has been listed on the Munich Stock Exchange in the market segment m:access as well as in the over-the-counter market of the Frankfurt Stock Exchange and in Xetra trading.
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18.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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