publity AG
publity’s final figures show significant increase in profits for 2016 and positive outlook for 2017
DGAP-News: publity AG / Key word(s): Final Results/Development of Sales
– Net profit for the year rises from EUR 12.5 million to EUR 23.1 million in 2016; earnings per share at EUR 3.89 – Equity ratio of 63 percent after 46 percent the previous year – Further increase in sales and profits expected for 2017 – Guidance for assets under management (AuM) as at end of December 2017 raised to EUR 5.2 billion; AuM of EUR 7 billion expected by the end of 2018 – Dividend target of EUR 2.80 per share confirmed for the 2016 financial year
The sales and profit contribution from one of the notarised property sales have now been consolidated in 2017. This property was previously included in the preliminary 2016 figures published in January 2017. The final 2016 figures confirm the preliminary figures by taking this effect into consideration. As a result of further property sale notarisations already carried out in 2017, publity has already secured significant revenue and profit for the current financial year. Furthermore, the successful co-investment business with international investors is expected to contribute substantially to the ongoing positive business performance. In recent weeks, publity also secured further asset management mandates in addition to existing partnerships with institutional investors, including one in the low billion-euro range with a South American investor. This means that, in addition to profit contributions from property acquisitions, recurring income from the expected increase in assets under management (AuM) will also increase significantly once again. Additional property sales and income from the winding up of an NPL portfolio which has now grown to around EUR 3.2 billion are also expected to have a positive impact in 2017. Due to the dynamic performance of the business during the first few months of 2017 and extremely positive prospects, publity expects sales and profits to rise further during the current 2017 financial year. publity is also raising its guidance for assets under management (AuM). After the company succeeded in almost doubling AuM to EUR 3 billion during 2016, this figure is expected to rise to EUR 5.2 billion by the end of 2017, up from the previous guidance of EUR 5 billion. AuM is expected to increase to EUR 7 billion by the end of 2018. The audited annual financial statements for financial year 2016 will be made available for download until 5th May 2017 on the company’s website at www.publity.de.
28.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | publity AG |
Landsteinerstr. 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 26178710 |
Fax: | 0341 2617832 |
E-mail: | info@publity.de |
Internet: | www.publity.de |
ISIN: | DE0006972508 |
WKN: | 697250 |
Listed: | Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |