EQS-News

EV Digital Invest AG fulfils forecast for financial year 2023 - Seite 2

Business figures for 2023: Stable development in a challenging market environment
At EUR 4.5 million (previous year: EUR 5.7 million), the total income generated in the 2023 financial year was at the upper end of the range of the forecast on 13 November 2023 with EUR 3.9 million to EUR 4.5 and was also better than the EUR 4.1 million expected by analysts in February 2024. The annual result was EUR -3.7 million (previous year: EUR -3.3 million), just better than the analysts' estimate of EUR -3.9 million.

Real estate project financing business with continued high demand in the 2023 financial year
Despite the ongoing weak market development, a total of 13 property projects with a financing volume of more than EUR 39 million (previous year: EUR 55 million) were financed via the “Engel & Völkers Digital Invest” platform in 2023. The placement volume totaled EUR 36 million (previous year: EUR 60 million). Last year, EUR 41 million was repaid to investors (previous year: EUR 32 million). In view of the significant increase in market risks, EV Digital Invest AG's already high quality requirements for new project financing were further tightened in order to reduce potential default risks for investors.

Overall, the high level of interest from investors shows that property investments with an attractive risk/return profile remained in demand even in the crisis year 2023. The properties financed in the 2023 financial year include sustainable logistics properties, which are attributable to the strategic expansion of the partnership with DFI Real Estate. This includes five projects with a financing volume of over ten million euros. In addition to offering energy-efficient logistics parks, there are also plans to expand the sustainable asset classes in the 2024 financial year.

In addition, the market entry in Austria was another important step in the diversification of the property business. The initial project “Am Akkonplatz” in the centre of Vienna with a financing volume of EUR 2.3 million was fully financed in less than three hours. Since the company was founded, the number of property projects financed via the platform now totals 90 properties, with a total financing volume of just under a quarter of a billion euros.