publity AG
publity AG: publity with strong H1 2019 – semi-annual profit already close to overall 2018 level
DGAP-News: publity AG
/ Key word(s): Half Year Results/Miscellaneous
Press Release publity with strong H1 2019 – semi-annual profit already close to overall 2018 level – EBIT in 1st six months at 27.0 million euros The successful development in the first half of 2019 was driven equally by activities in asset management – Assets under Management rose to EUR 5.0 billion from EUR 4.6 billion at the end of 2018 – and by the expansion of the Group’s own commercial real estate portfolio. publity expects the positive tendency to continue and plans the dynamic expansion of the real estate portfolio in the coming quarters. For 2019 as a whole, the executive board of publity AG confirms its forecast that the consolidated net profit will double over the previous year to around 50 million euros. Thomas Olek, CEO of publity AG: “The very successful business development in the first half of 2019 once again underlines our strong market position, our sustainable network and our excellent access to attractive real estate. We are very optimistic for the future and see ourselves very well equipped for further profitable growth. We are already in advanced negotiations for further purchases and sales of properties for our customers.” The 2019 semi-annual report will be available in the course of the day on publity AG’s website at www.publity.de in the Investor Relations section. Financial Press and Investor Relations: About publity publity AG (“publity”) is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.
02.09.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | publity AG |
Opernturm, Bockenheimer Landstraße 2-4 | |
60306 Frankfurt am Main | |
Germany | |
Phone: | 0341 26178710 |
Fax: | 0341 2617832 |
E-mail: | info@publity.de |
Internet: | www.publity.de |
ISIN: | DE0006972508, DE000A169GM5 |
WKN: | 697250, A169GM |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 866909 |
End of News | DGAP News Service |