Brief: Defama Deutsche Fachmarkt Expects 2021 FFO Of EUR 7.1 Mln

Defama Deutsche Fachmarkt AG

08/12/2020 06:33

Dec 8 (Reuters) - DEFAMA DEUTSCHE FACHMARKT AG  DEF.DE :
    * SAID ON MONDAY IT DECIDED ON LONG-TERM PLAN "DEFAMA 2025"
    * PORTFOLIO VALUE SHOULD GROW FROM CURRENTLY € 168 MILLION
TO
BETWEEN € 260 AND € 300 MILLION BY THE END OF 2025
    * THIS WOULD RESULT IN FFO OF OVER € 11 MILLION
    * ACCORDING TO MANAGEMENT BOARD, THESE GOALS CAN BE ACHIEVED
WITHOUT CAPITAL INCREASE
    * CONFIRMS GOALS FOR 2020
    * DIVIDEND IS TO BE INCREASED AGAIN FOR 2020
    * EXPECTS FFO FOR 2021 OF € 7.1 MILLION
    * EXPECTS NET INCOME FOR 2021 AT € 3.1 MILLION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQjMJPZa    
 Further company coverage:  DEF.DE  
   


 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))