Brief: Gateway Real Estate Q1 Loss Turns To Profit Of EUR 8.3 Million

Gateway Real Estate AG

29/05/2020 06:14

May 29 (Reuters) - GATEWAY REAL ESTATE AG  GTYG.DE :
    * EBIT ADJUSTED TRIPLED TO EUR 22.7 MILLION IN Q1
    * Q1 PROFIT AFTER TAX WAS POSITIVE IN Q1 2020 AND REACHED
EUR 8.3
MILLION (PRIOR-YEAR PERIOD: EUR -2.8 MILLION)
    * Q1 EARNINGS PER SHARE OF 0.04 EUR
    * DUE TO COVID-19 PANDEMIC, WE DO NOT SEE ANY EFFECTS ON OUR
CONSTRUCTION SITES AND PROJECTS CURRENTLY IN REALIZATION PHASE
ARE PROGRESSING AS PLANNED
    * SALES PROCESSES ARE DELAYED BUT CURRENTLY ANTICIPATE THAT
THIS
IS MERELY A TIME LAG
    * FORECAST FOR 2020 WILL BE ISSUED ONCE THIS IS REASONABLY
POSSIBLE

Source text for Eikon:  ID:nEQ15RTgCa 
Further company coverage:  GTYG.DE 

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