EQS-Adhoc: ACCENTRO informs about ongoing negotiations and intended amendment of terms and conditions of the bonds
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EQS-Ad-hoc: Accentro Real Estate AG / Key word(s): Financing/Real Estate ACCENTRO informs about ongoing negotiations and intended amendment of terms and conditions of the bonds Berlin, 5 November 2024 – ACCENTRO is now negotiating the details of a potential restructuring of its equity and debt capital structure around a financing solution led by bondholders of the 2020/2026 bond. The negotiations are still based on the key assumptions announced in the ad hoc disclosure dated 12 August 2024, although the published volumes will be adjusted in the course of ongoing negotiations. The further details and timetable for the implementation of the currently proposed restructuring solution depend, among other things, on further negotiations with and the approval of other stakeholders, including the current majority shareholder and Shinhan AIM Structured Investment Trust No. 5 as pledgee of the majority shares. Since the implementation of the proposed restructuring solution is unlikely to be effected prior to the repayment obligation in the amount of EUR 65m under the 2020/2026 bond which becomes due on 31 December 2024 and to avoid prejudicing the ongoing negotiations, ACCENTRO has decided to propose another amendment of the terms and conditions comprising an amendment to the aforementioned redemption as well as to the February 2025 interest payment date, deferring both until 30 June 2025. For the same reasons, ACCENTRO will request (i) the bondholders of the 2021/2029 bond to consent to a deferral of the March 2025 interest payment date and (ii) the holders of the bridge note to consent to deferral of the December 2024 maturity date, both to 30 June 2025. Corresponding announcements regarding the invitation to a vote without a meeting in accordance with the German Bond Act ("Schuldverschreibungsgesetz") will be made available to the bondholders of the 2020/2026 bond in due course.
Notifying person: Thomas Eisenlohr, Head of Investor Relations
Berlin, 5 November 2024 The Management Board ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5 Stock exchanges: Frankfurt Stock Exchange, regulated market (Prime Standard) / Luxembourg Stock Exchange
End of Inside Information
05-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Accentro Real Estate AG |
| Kantstr. 44/45 | |
| 10625 Berlin | |
| Germany | |
| Phone: | +49 (0)30 - 887 181 - 0 |
| Fax: | +49 (0)30 - 887 181 - 11 |
| E-mail: | info@accentro.ag |
| Internet: | www.accentro.ag |
| ISIN: | DE000A0KFKB3 |
| WKN: | A0KFKB |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2022817 |
| End of Announcement | EQS News Service |
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2022817 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 | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | ||
| Sales1 | 143,27 | 125,18 | 192,75 | 165,23 | 112,00 | 0,00 | 0,00 | |
| EBITDA1,2 | 40,54 | 35,63 | 46,60 | 11,26 | 4,70 | 0,00 | 0,00 | |
| EBITDA-Margin3 | 28,30 | 28,46 | 24,18 | 6,82 | 4,20 | 0,00 | 0,00 | |
| EBIT1,4 | 39,80 | 34,77 | 45,16 | 8,54 | 1,70 | 0,00 | 0,00 | |
| EBIT-Margin5 | 27,78 | 27,78 | 23,43 | 5,17 | 1,52 | 0,00 | 0,00 | |
| Net Profit (Loss)1 | 26,30 | 18,06 | 13,13 | -14,24 | -20,00 | 0,00 | 0,00 | |
| Net-Margin6 | 18,36 | 14,43 | 6,81 | -8,62 | -17,86 | 0,00 | 0,00 | |
| Cashflow1,7 | -75,67 | -32,66 | 99,55 | 67,55 | -5,50 | 0,00 | 0,00 | |
| Earnings per share8 | 0,81 | 0,51 | 0,37 | -0,45 | -3,50 | -0,85 | -0,19 | |
| Dividend per share8 | 0,00 | 0,00 | 0,04 | 0,00 | 0,00 | 0,00 | 0,00 | |
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: Grant Thornton
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
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| Accentro Real Estate | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A0KFKB | DE000A0KFKB3 | AG | 9,21 Mio € | 02.04.2007 | - | 9F4MG846+JV |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| -14,20 | 13,37 | -1,06 | -14,20 | 0,25 | -1,67 | 0,06 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 31.05.2024 | 30.08.2024 | 30.11.2023 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -17,92% | -29,00% | +2,16% | -73,46% | -98,99% |
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