EQS-Adhoc: ProCredit Holding AG updates guidance for group return on equity for current financial year
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EQS-Ad-hoc: ProCredit Holding AG / Key word(s): Change in Forecast Frankfurt am Main, 5 November 2024 – Today, the Management Board of ProCredit Holding AG approved an updated guidance for the group’s return on equity for the 2024 financial year. The return on equity is now expected to be around 10% (previous guidance: 10-12%). The adjustment was made in response to the expectation of the Management Board that the income tax rate for Ukrainian banks will be increased from 25% to 50% in 2024, more difficult macroeconomic conditions for the ProCredit Bank in Ecuador and the impact of the group’s cost-income ratio being higher than previously expected. The group’s cost-income ratio guidance for the 2024 financial year was also updated today. The group’s cost-income ratio is now expected to be around 66% (previous guidance: 63% +/- 1 percentage point), as key strategic investments and projects related to the group's business strategy, as presented at the Capital Markets Day in March 2024, were driven forward faster than expected. These investments are aimed at achieving the medium-term goal of growing the loan portfolio to more than EUR 10 billion, allowing the group to realise economies of scale and reach the projected medium-term return on equity of around 13-14%. The guidance for loan portfolio growth of the group for the 2024 financial year was also updated today. The group’s loan portfolio is now expected to grow by more than 10% (previous guidance: around 10% adjusted for currency effects) reflecting the stronger-than-expected dynamics of the group’s loan portfolio so far since the beginning of the year. The guidance for a CET1 ratio of over 13% and a leverage ratio of around 9% (each at the end of the 2024 financial year) has been confirmed in the course of the adjustments. The ProCredit group will publish its quarterly report for the third quarter on 14 November 2024.
End of Inside Information Information and Explanation of the Issuer to this announcement: Contact Investor Relations, ProCredit Holding AG, Tel.:+ 49 69 95 14 37 0, e-mail: pch.ir@procredit-group.com About ProCredit Holding AG
05-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ProCredit Holding AG |
| Rohmerplatz 33-37 | |
| 60486 Frankfurt am Main | |
| Germany | |
| Phone: | +49-69-951437-0 |
| Fax: | +49-69-951437-168 |
| E-mail: | pch.info@procredit-group.com |
| Internet: | www.procredit-holding.com |
| ISIN: | DE0006223407, DE000A289FD2, DE000A3E5LD7, DE000A0N37P3, DE000A161YW4, DE000A3MP7Z1, DE000A289E87, DE000A3E47A7, DE000A2YN7F2, DE000A2YN017 |
| WKN: | 622340 |
| Indices: | im Freiverkehr der Frankfurter Wertpapierbörse |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2023085 |
| End of Announcement | EQS News Service |
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2023085 05-Nov-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 245,39 | 252,60 | 252,11 | 281,88 | 339,85 | 412,51 | 0,00 | |
| EBITDA1,2 | 77,53 | 76,87 | 52,09 | 94,53 | 17,85 | 150,02 | 0,00 | |
| EBITDA-Margin3 | 31,60 | 30,43 | 20,66 | 33,54 | 5,25 | 36,37 | 0,00 | |
| EBIT1,4 | 77,53 | 76,87 | 52,09 | 94,53 | 17,85 | 150,02 | 0,00 | |
| EBIT-Margin5 | 31,60 | 30,43 | 20,66 | 33,54 | 5,25 | 36,37 | 0,00 | |
| Net Profit (Loss)1 | 54,48 | 54,31 | 41,40 | 79,64 | 16,50 | 113,37 | 0,00 | |
| Net-Margin6 | 22,20 | 21,50 | 16,42 | 28,25 | 4,86 | 27,48 | 0,00 | |
| Cashflow1,7 | 27,32 | 290,34 | 135,89 | 133,15 | 566,94 | 524,05 | 0,00 | |
| Earnings per share8 | 0,90 | 0,89 | 0,70 | 1,35 | 0,28 | 1,92 | 1,60 | |
| Dividend per share8 | 0,30 | 0,00 | 0,53 | 0,00 | 0,00 | 0,64 | 0,60 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: BDO
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| INVESTOR-INFORMATION | ||||||
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| ProCredit Holding | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 622340 | DE0006223407 | AG | 454,70 Mio € | 22.12.2016 | Kaufen | 9F2C4JCV+FR |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 4,17 | 10,07 | 0,41 | 7,62 | 0,47 | 0,87 | 1,10 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,64 | 0,60 | 7,77% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 04.06.2025 | 12.05.2025 | 14.08.2025 | 14.11.2024 | 27.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -4,64% | -10,91% | -4,69% | -4,46% | -37,18% |
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