EQS-Adhoc 109 0 Kommentare Gateway Real Estate AG publishes preliminary figures for fiscal year 2023

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Gateway Real Estate AG publishes preliminary figures for fiscal year 2023
EBIT adjusted at EUR -142.9 million, EBT at EUR -185.1 million
Deviation due to impairments of financial receivables and real estate projects

EQS-Ad-hoc: Gateway Real Estate AG / Key word(s): Preliminary Results/Real Estate
Gateway Real Estate AG publishes preliminary figures for fiscal year 2023

12-Apr-2024 / 20:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Gateway Real Estate AG publishes preliminary figures for fiscal year 2023

Berlin, April 12, 2024. Based on preliminary and as yet unaudited figures, Gateway Real Estate AG (“Company” – WKN A0JJTG / ISIN DE000A0JJTG7) assumes to have closed the fiscal year 2023 with an EBIT adjusted of presumably EUR -142.9 million (forecast: EUR -37 to -27 million) and earnings before taxes (EBT) of EUR -185.1 million (forecast: EUR -52 to -42 million) as well as an equity of EUR 210.3 million.

The deviation is mainly due to further impairments of financial receivables in the amount of EUR 100.5 million, which the Executive Board decided to carry out today for reasons of risk provisioning after it became aware of new information on the financial situation of the debtors concerned. In addition, a partial write-down of EUR 29.7 million was made today on real estate projects held as inventories.

The Company reports EBIT adjusted as the operating result plus the result from financial assets accounted for using the equity method.

The Company will publish its final financial figures and the annual report 2023 on 30 April 2024.

Contact
Sven Annutsch
Hardenbergstr. 28a
10623 Berlin
T +49 (0) 30 40 363 47 – 0
F +49 (0) 30 40 363 47 99
E-Mail: sven.annutsch@gateway-re.de

End of Inside Information

12-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Gateway Real Estate AG
	Hardenbergstraße 28a
	10623 Berlin
	Germany
Phone:	+49 (0) 30 40 363 47 - 0
Fax:	+49 (0) 30 40 363 47 99
E-mail:	info@gateway-re.de
Internet:	www.gateway-re.de
ISIN:	DE000A0JJTG7
WKN:	A0JJTG
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1879833