Sales Drop Hits The Grounds' 2024 Profits; 2025 Recovery Expected

• Consolidated sales revenues for The Grounds Real Estate Development AG decreased to EUR 12.9 million in 2024, down from EUR 23.8 million the previous year.
• The group EBIT was EUR -9.2 million in 2024, compared to EUR -4.8 million in 2023, with a consolidated loss of EUR -13.6 million.
• A successful capital increase led to a rise in the consolidated balance sheet total by EUR 20.2 million to EUR 168.3 million, with H.I.G. Capital becoming a new anchor shareholder.
• The majority of sales revenues in 2024 came from the completion of the Maggie and Property Garden development projects, totaling EUR 8.1 million.
• The equity ratio increased to 30.1% at the end of 2024, up from 14.2% the previous year, due to a significant increase in subscribed capital.
• The Grounds anticipates consolidated sales revenues between EUR 9.0 million and EUR 11.0 million in 2025, with a balanced group EBIT forecasted.

The Grounds Real Estate Development

0,00 %

+1,63 %

0,00 %

+0,83 %

-9,63 %

-73,93 %

-74,49 %

ISIN:DE000A40KXL9WKN:A40KXL

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