Ad-hoc | 21 March 2022 13:27

Gateway Real Estate AG: Forecast for the fiscal year 2022

Gateway Real Estate AG / Key word(s): Forecast/Real Estate
Gateway Real Estate AG: Forecast for the fiscal year 2022

21-March-2022 / 13:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Gateway Real Estate AG: Forecast for the fiscal year 2022

Berlin, March 21, 2022 . The Management Board and Supervisory Board of Gateway Real Estate AG (“Company” – WKN A0JJTG / ISIN DE000A0JJTG7) adopted in its today’s meeting the forecast for the fiscal year 2022.

The company expects for the fiscal year 2022 EBIT adjusted* of EUR 125 to 140 million (forecast for the fiscal year 2021: EUR 95 to 110 million) and earnings before taxes (EBT) of EUR 70 to 85 million (forecast for the fiscal year 2021: EUR 70 to 80 million).

Decisive for the business development are future planned sales in the course of forward sale transactions in the residential property development segment.

* EBIT adjusted: Operating income plus income from investments accounted for using the equity method.

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

21-March-2022 CET/CEST The DGAP 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
EQS News ID:	1307707

End of Announcement DGAP News Service