EQS-Adhoc: Noratis AG: Devaluation of the property portfolio and corresponding value adjustments as well as preliminary result for the first half of 2024
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EQS-Ad-hoc: Noratis AG / Key word(s): Real Estate/Miscellaneous Publication of inside information Eschborn, 14 August 2024 - Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK) has identified an impairment requirement of around EUR 31 million on the basis of the expert valuation of the real estate portfolio as of 30 June 2024. This corresponds to a decline in value of around 6% (like-for-like) on the market values of around EUR 483 million as at the reporting date of 31 December 2023. The appraisal values result in an earnings-relevant write-down requirement of EUR 20.8 million, which has a negative impact on both EBIT and EBT. This necessitates an adjustment to the annual forecast. For the full year 2024, Noratis AG now assumes clearly negative earnings before taxes (EBT) and clearly negative earnings before interest and taxes (EBIT). Based on the preliminary half-year figures of the company for the first half of 2024, Noratis AG achieved earnings before interest and taxes, EBIT, of EUR -18.4 million according to IFRS after EUR 2.6 million in the same period of the previous year. Earnings before taxes, EBT, deteriorated from EUR -4.4 million in the same period of the previous year to around EUR -26.2 million.
The Executive Board Noratis AG Hauptstraße 129 65760 Eschborn
End of Inside Information Information and Explanation of the Issuer to this announcement: Explanatory notes Investor & Public Relations contact: edicto GmbH Dr. Sönke Knop 60322 Frankfurt am Main
14-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Noratis AG |
| Hauptstraße 129 | |
| 65760 Eschborn | |
| Germany | |
| Phone: | +49 (0) 69 / 170 77 68 20 |
| E-mail: | info@noratis.de |
| Internet: | www.noratis.de |
| ISIN: | DE000A2E4MK4 |
| WKN: | A2E4MK |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1968283 |
| End of Announcement | EQS News Service |
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1968283 14-Aug-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 | 56,12 | 75,95 | 28,70 | 73,60 | 85,61 | 60,18 | 63,00 | |
| EBITDA1,2 | 15,72 | 15,95 | 8,63 | 16,29 | 12,98 | 4,08 | 0,00 | |
| EBITDA-Margin3 | 28,01 | 21,00 | 30,07 | 22,13 | 15,16 | 6,78 | 0,00 | |
| EBIT1,4 | 15,55 | 15,76 | 8,21 | 19,36 | 12,50 | 3,55 | 0,80 | |
| EBIT-Margin5 | 27,71 | 20,75 | 28,61 | 26,30 | 14,60 | 5,90 | 1,27 | |
| Net Profit (Loss)1 | 9,27 | 8,67 | 2,80 | 9,54 | 8,28 | -10,99 | -12,00 | |
| Net-Margin6 | 16,52 | 11,42 | 9,76 | 12,96 | 9,67 | -18,26 | -19,05 | |
| Cashflow1,7 | -0,09 | -18,36 | -94,05 | -70,10 | -33,03 | 22,91 | 0,00 | |
| Earnings per share8 | 2,57 | 2,40 | 0,58 | 1,97 | 1,71 | -2,21 | -4,50 | |
| Dividend per share8 | 1,30 | 0,80 | 0,50 | 0,55 | 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: RGT Treuhand
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 | ||||||
| ©boersengefluester.de | ||||||
| Noratis | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2E4MK | DE000A2E4MK4 | AG | 25,04 Mio € | 30.06.2017 | Verkaufen | 9F2C4HW5+86 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 11,21 | 12,29 | 0,91 | 2,21 | 0,42 | 1,09 | 0,42 |
|
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 |
| 09.07.2024 | 30.09.2024 | 27.05.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -12,49% | -52,47% | -75,85% | -79,48% | -91,63% |
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