Noratis AG: Property Devaluation & H1 2024 Preliminary Results Revealed

• Noratis AG identified an impairment requirement of around EUR 31 million on its real estate portfolio as of 30 June 2024.
• This corresponds to a 6% decline in value from the market values of around EUR 483 million as of 31 December 2023.
• The appraisal values result in an earnings-relevant write-down requirement of EUR 20.8 million, negatively impacting both EBIT and EBT.
• Noratis AG now forecasts clearly negative earnings before taxes (EBT) and earnings before interest and taxes (EBIT) for the full year 2024.
• Preliminary half-year figures for the first half of 2024 show EBIT of EUR -18.4 million, down from EUR 2.6 million in the same period of the previous year.
• Earnings before taxes (EBT) deteriorated from EUR -4.4 million in the same period of the previous year to around EUR -26.2 million.

The next important date, Publication of semi-annual financial statements, at Noratis is on 30.09.2024.

The price of Noratis at the time of the news was 5,2000EUR and was up +142,99 % compared with the previous day.
3 minutes after the article was published, the price was 1,9600EUR this corresponds to a minus of -62,31 % since publication.

Noratis

-5,81 %

+8,00 %

-36,72 %

-67,92 %

-78,92 %

-91,71 %

-91,55 %

-91,97 %

-92,92 %

ISIN:DE000A2E4MK4WKN:A2E4MK

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