Brief: Branicks - April 2025 Forecast For 2025 FY Unchanged Except For Adjustment Of Income From Property Management To EUR 45-55 Mln

BRANICKS AG

06/11/2025 06:07

Nov 6 (Reuters) - BRANICKS GROUP AG BRNKn.DE:

HIGH CONTINUITY IN RENTAL BUSINESS

APRIL 2025 FORECAST FOR 2025 FINANCIAL YEAR REMAINS UNCHANGED EXCEPT FOR ADJUSTMENT OF INCOME FROM PROPERTY MANAGEMENT TO EUR 45-55 MILLION (PREVIOUSLY: EUR 50-60 MILLION)

REPAYMENT OF ALL PROMISSORY NOTE LOANS DUE IN 2025 AND REDEMPTION OF LOAN FROM VIB VERMÖGEN

DUE TO ONE-OFF EFFECTS FROM TRANSACTION-RELATED WRITE-DOWNS, CONSOLIDATED NET INCOME AFTER NINE MONTHS WAS SLIGHTLY BELOW PREVIOUS YEAR AT -EUR 160.5 MILLION

GROUP'S OPERATING COSTS FOR FIRST NINE MONTHS OF 2025 WERE AROUND 6% LOWER THAN IN PREVIOUS YEAR AT EUR 45.7 MILLION (9M 2024: EUR 48.5 MILLION)

ASSETS UNDER MANAGEMENT AMOUNTED TO EUR 10.7 BILLION AS AT 30 SEPTEMBER 2025 (30 SEPTEMBER 2024: EUR 12.1 BILLION)

9M FFO I (AFTER MINORITY INTERESTS, BEFORE TAXES) OF EUR 33.4 MILLION (9M 2024: EUR 36.1 MILLION)

Source text: ID:nEQ2Py825a

Further company coverage: [BRNKn.DE]

 (Gdansk Newsroom)

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