DGAP-News

Engel & Völkers Digital Invest plans IPO in Q2 2022 - Seite 2

Berlin, 6 April 2022. EV Digital Invest AG ("Company" and, together with its subsidiary, "Engel & Völkers Digital Invest"), the operator of the online real estate investment platform "Engel & Völkers Digital Invest", is planning an initial public offering in Germany and private placements outside Germany ("IPO") as well as the listing of its shares on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) (Scale segment). The IPO is expected to consist of new shares from a capital increase with targeted proceeds of up to approximately EUR 7 million incl. a market-standard greenshoe option. With the proceeds from the IPO, the Company intends to (i) invest into its technology backbone and online investment platform, (ii) accelerate its marketing initiatives and sales activities, (iii) expand its regional footprint in the Spanish market and potentially enter the Austrian market, (iv) invest into recruitment initiatives and to grow its staff capacities and (v) pursue its inorganic growth activities. Until the respective proceeds will be used for the aforementioned purposes they shall be used as pre- and co-financing deposits and thereby to generate interest.

Marc Laubenheimer, Co-CEO of EV Digital Invest AG: "Our well-established online investment platform with the strong brand "Engel & Völkers" is connecting capital seeking real estate companies with investors. We are at an exciting growth stage and are looking forward to this next chapter in the Company's development. With a loyal investor base, an exceptional track record as quality leader and a high margin business model, we are confident to further strengthen our positioning in an attractive market environment for real estate investments."

Tobias Barten, Co-CEO of EV Digital Invest AG adds: "We follow a clear strategy to accelerate future growth by broadening the product offering, developing, and utilizing even more cutting-edge technology and entering new markets. We grew our revenue by approximately 40% in 2021 and are confident to maintain sustainable mid-double-digit revenue growth in the mid- to long-term within an enormous addressable market. With a record financing volume of EUR 55 million we reached break-even last year and aim to reach a 75% gross margin⁴ and a 20% EBITDA margin⁵ in the mid- to long-term. This rare combination of strong revenue and earnings growth in an attractive market environment demonstrates the great potential of our business."