Brief: Grounds Real Estate Development FY EBIT At EUR 6.1 Mln

Grounds Real Estate Development AG

23/06/2021 07:00

June 23 (Reuters) - GROUNDS REAL ESTATE DEVELOPMENT AG
 AMMn.DE :
    * DGAP-NEWS: THE GROUNDS REAL ESTATE DEVELOPMENT AG TRIPLES
EBIT
AND MULTIPLIES NET PROFIT IN 2020
    * FY EBIT 6.1 MILLION EUR VERSUS 2.0 MILLION EUR YEAR AGO
    * FY PROFIT AFTER TAX 4.0 MILLION EUR
    * FY REVENUE ROSE 125 PERCENT TO 31.3 MILLION EUR
    * FY EBIT TRIPLED TO EUR 6.1 MILLION
    * EXPECTS CONSOLIDATED REVENUE OF EUR 23 MILLION AND EBIT OF
AROUND EUR 6 MILLION FOR 2021
    * CONTINUATION OF GROWTH PATH IN 2021: SUCCESSFULLY PLACED
CONVERTIBLE BOND AND PURCHASES OF EUR 25 MILLION
    * OUTLOOK 2021: CONSOLIDATED REVENUE OF EUR 23 MILLION AND
EBIT OF
AROUND EUR 6 MILLION

Source text for Eikon:  ID:nEQ3c7j9Ca 
Further company coverage:  AMMn.DE 

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