DGAP-News

Coreo AG publishes consolidated figures (IFRS) for 2021 - Seite 2

The shares in MagForce AG were transferred in the past Financial Year as part of a transaction as a down payment on the purchase price. The price per share agreed in the purchase contract was higher than the current price at the time, but lower than the stock market price determined as of 31 December 2020. The difference explains the deterioration of the other result by TEUR 2,726 to TEUR -1,227 (previous year TEUR 1,499). The overall result thus showed a decrease of TEUR -938 to TEUR -2,121 compared to the previous year.

The Net Asset Value (NAV) as of 31 December 2021 is EUR 1.63 per share (previous year EUR 1.73), considering the long-term deferred tax liabilities.

As in the past, the Managing Board will continue to focus on the growth of Coreo AG. This is to be achieved primarily through strategic acquisitions of residential properties in the value-add segment.

The consolidated financial statements (IFRS) and the separate financial statements of Coreo AG prepared in accordance with the German Commercial Code (HGB) will be published by the company in suitable time before the Annual General Meeting and will be available for download at www.coreo.de under "Investors".
 

About Coreo AG
Coreo AG, with headquarters in Frankfurt am Main, is a dynamically growing real estate company with a focus on German commercial and residential real estate. The company invests in properties with significant potential to increase in value where there is a requirement for development, preferably in medium-sized centres. The objective is to build up an efficiently managed, high-yield property portfolio.

Contact:
Coreo AG
Andrea Glaab
Investor Relations
Grüneburgweg 18
D-60322 Frankfurt a. M.
[e-mail]
T: [phone]

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11.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Coreo AG
	Grüneburgweg 18
	60322 Frankfurt am Main
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.coreo.de
ISIN:	DE000A0B9VV6
WKN:	A0B9VV
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1349943