EQS-Adhoc: Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management
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EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Disposal Corestate disposes CRM Students – focus on core business asset management
Luxembourg, 16 October 2023 – The Board of Management of Corestate Capital Holding S.A. ("Corestate") has decided today to sell CRM Students Ltd, Oxford ("CRM") and thereafter Upartments Real Estate GmbH, Leipzig ("Upartments") to Dot Group, London. The associated carve-out of the student and serviced apartment operations is part of Corestate's strategic focus on asset and investment management as its core business. Both transactions are subject to the usual conditions precedent and are expected to be completed during the fourth quarter of 2023. Corestate expects a total cash inflow of around € 13 million, including the repayment of intra-group financing and positions from working capital. The cash inflows will increase the redemption capacity of the Group provided for in the restructuring concept. Notifying person:
End of Inside Information
16-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Corestate Capital Holding S.A. |
| 4 Rue Jean Monnet | |
| 2180 Luxembourg | |
| Luxemburg | |
| Phone: | +49 69 3535630-107 |
| Fax: | +49 69 3535630-299 |
| E-mail: | IR@corestate-capital.com |
| Internet: | www.corestate-capital.com |
| ISIN: | LU1296758029 |
| WKN: | A141J3 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1749637 |
| End of Announcement | EQS News Service |
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1749637 16-Oct-2023 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 | 250,91 | 199,60 | 205,80 | 0,00 | 0,00 | 0,00 | 0,00 | |
| EBITDA1,2 | 175,03 | 16,60 | 24,70 | 0,00 | 0,00 | 0,00 | 0,00 | |
| EBITDA-Margin3 | 69,76 | 8,32 | 12,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
| EBIT1,4 | 143,93 | -38,10 | -187,90 | 0,00 | 0,00 | 0,00 | 0,00 | |
| EBIT-Margin5 | 57,36 | -19,09 | -91,30 | 0,00 | 0,00 | 0,00 | 0,00 | |
| Net Profit (Loss)1 | 108,79 | -68,90 | -200,10 | 0,00 | 0,00 | 0,00 | 0,00 | |
| Net-Margin6 | 43,36 | -34,52 | -97,23 | 0,00 | 0,00 | 0,00 | 0,00 | |
| Cashflow1,7 | 78,06 | -60,10 | 31,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
| Earnings per share8 | 5,11 | -3,04 | -6,29 | -17,00 | -0,20 | -0,50 | -0,15 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 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: KPMG
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 | ||||||
| Corestate Capital Holding | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A141J3 | LU1296758029 | SA | 61,81 Mio € | 04.10.2016 | 8FX8J5M8+8X | |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 0,00 | 11,37 | 0,00 | -0,42 | 1,32 | 1,99 | 0,31 |
|
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 |
| 14.07.2023 | 10.05.2022 | 09.08.2022 | 08.11.2022 | 21.04.2022 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -3,53% | -7,90% | -5,22% | -7,19% | -97,81% |
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