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EQS-Ad-hoc: Noratis AG / Key word(s): Real Estate/Miscellaneous Publication of inside information Eschborn, 14 August 2024 - Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK) has identified an impairment requirement of around EUR 31 million on the basis of the expert valuation of the real estate portfolio as of 30 June 2024. This corresponds to a decline in value of around 6% (like-for-like) on the market values of around EUR 483 million as at the reporting date of 31 December 2023. The appraisal values result in an earnings-relevant write-down requirement of EUR 20.8 million, which has a negative impact on both EBIT and EBT. This necessitates an adjustment to the annual forecast. For the full year 2024, Noratis AG now assumes clearly negative earnings before taxes (EBT) and clearly negative earnings before interest and taxes (EBIT). Based on the preliminary half-year figures of the company for the first half of 2024, Noratis AG achieved earnings before interest and taxes, EBIT, of EUR -18.4 million according to IFRS after 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 Executive Board Noratis AG Hauptstraße 129 65760 Eschborn
End of Inside Information Information and Explanation of the Issuer to this announcement: Explanatory notes Investor & Public Relations contact: edicto GmbH Dr. Sönke Knop 60322 Frankfurt am Main
14-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Noratis AG |
| Hauptstraße 129 | |
| 65760 Eschborn | |
| Germany | |
| Phone: | +49 (0) 69 / 170 77 68 20 |
| E-mail: | info@noratis.de |
| Internet: | www.noratis.de |
| ISIN: | DE000A2E4MK4 |
| WKN: | A2E4MK |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1968283 |
| End of Announcement | EQS News Service |
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1968283 14-Aug-2024 CET/CEST
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