Announcement • Jun 12
PATRIZIA SE Approves Annual Dividend for the Year 2025, Payable on 15 June 2026 PATRIZIA SE at its AGM held on June 10, 2026, approved the distribution of a dividend of EUR 0.36 per share for the financial year 2025. This corresponds to an increase of 2.9% compared to the previous year, marking the eighth consecutive annual dividend increase and reflecting the resilience of PATRIZIA’s business model and continued focus on long-term value creation. Based on the current share price, this represents a dividend yield of approximately 4.8%. The company shares will trade ex-dividend on 11 June 2026. The dividend will be paid on 15 June 2026. Upcoming Dividend • Jun 04
Upcoming dividend of €0.36 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 15 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%). Declared Dividend • May 20
Dividend increased to €0.36 Dividend of €0.36 is 2.9% higher than last year. Ex-date: 11th June 2026 Payment date: 15th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (173% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 92% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Board Change • May 20
High number of new directors Independent Chairman of Board Frank Kuhnke was the last director to join the board, commencing their role in 2025. Announcement • Apr 29
PATRIZIA SE, Annual General Meeting, Jun 10, 2026 PATRIZIA SE, Annual General Meeting, Jun 10, 2026, at 10:00 W. Europe Standard Time. Announcement • Apr 01
PATRIZIA SE announces Annual dividend, payable on June 15, 2026 PATRIZIA SE announced Annual dividend of EUR 0.3600 per share payable on June 15, 2026, ex-date on June 11, 2026 and record date on June 12, 2026. Announcement • May 23
PATRIZIA SE (XTRA:PAT) acquired Nursing Portfolio with 390 Units from Cureus GmbH. PATRIZIA SE (XTRA:PAT) acquired Nursing Portfolio with 390 Units from Cureus GmbH on May 22, 2025.
Hogan Lovells International LLP acted as legal advisor for PATRIZIA SE. KSB INTAX, Legal Advisory Arm acted as legal advisor for Cureus GmbH.
PATRIZIA SE (XTRA:PAT) completed the acquisition of Nursing Portfolio with 390 Units from Cureus GmbH on May 22, 2025. Announcement • Apr 25
PATRIZIA SE announces Annual dividend, payable on June 09, 2025 PATRIZIA SE announced Annual dividend of EUR 0.3500 per share payable on June 09, 2025, ex-date on June 05, 2025 and record date on June 06, 2025. Announcement • Apr 24
PATRIZIA SE, Annual General Meeting, Jun 04, 2025 PATRIZIA SE, Annual General Meeting, Jun 04, 2025, at 10:00 W. Europe Standard Time. Announcement • Apr 05
Patrizia Social Care Fund III Fund a fund managed by PATRIZIA SE (XTRA:PAT) acquired 8,000 m² Vitanas Care Home in Dresden from Fokus Wohnen Deutschland (DB:IRA1), a fund managed by INDUSTRIA Wohnen GmbH. Patrizia Social Care Fund III Fund a fund managed by PATRIZIA SE (XTRA:PAT) acquired 8,000 m² Vitanas Care Home in Dresden from Fokus Wohnen Deutschland (DB:IRA1), a fund managed by INDUSTRIA Wohnen GmbH on April 3, 2025. The property was built in 2018 by the project developer Ten Brinke and has 119 single rooms and six double rooms. The facility thus contributes to meeting the demand for contemporary care services and full-time inpatient care. The acquisition also includes 26 conventional barrier-free apartments, 24 underground parking spaces, and five outdoor parking spaces. Cbre GmbH (Germany) acted as Real Estate broker to the transaction.
Patrizia Social Care Fund III Fund a fund managed by PATRIZIA SE (XTRA:PAT) completed the acquisition of 8,000 m² Vitanas Care Home in Dresden from Fokus Wohnen Deutschland (DB:IRA1), a fund managed by INDUSTRIA Wohnen GmbH on April 3, 2025. Announcement • Mar 25
PATRIZIA SE Proposes Dividend for Fiscal Year 2024 Board of Directors of PATRIZIA SE will – based on a proposal by the Company’s Executive Directors – proposed a dividend per share for Fiscal Year 2024 of EUR 0.35 (+2.9% y-o-y) to shareholders. The proposal factors in the Company’s continued strong balance sheet ratios. If adopted by the Annual General Meeting in June 2025 this would reflect the seventh consecutive increase in dividend per share. Announcement • Jan 17
PATRIZIA European Infrastructure Fund II a fund managed by PATRIZIA SE (XTRA:PAT) acquired Operadora Iberica De Redes Y Servicios De Telecomunicaciones, S.L. PATRIZIA European Infrastructure Fund II a fund managed by PATRIZIA SE (XTRA:PAT) acquired Operadora Iberica De Redes Y Servicios De Telecomunicaciones, S.L. on January 16, 2025.
PATRIZIA European Infrastructure Fund II a fund managed by PATRIZIA SE (XTRA:PAT) completed the acquisition of Operadora Iberica De Redes Y Servicios De Telecomunicaciones, S.L. on January 16, 2025. Announcement • Dec 05
Art-Invest Real Estate Management GmbH & Co KG acquired properties Säby 3:22, 3:77 and 3:78 in Barkarby from PATRIZIA SE (XTRA:PAT). Art-Invest Real Estate Management GmbH & Co KG acquired properties Säby 3:22, 3:77 and 3:78 in Barkarby from PATRIZIA SE (XTRA:PAT) on December 4, 2024. The properties are situated in Barkarbystaden, where 14,000 new apartments are planned. Together, the buildings on the aquired property offer approximately 37,000 sqm of retail space, including 17,000 sqm dedicated to the Stockholm Quality Outlet, one of Sweden's largest outlet centers.
PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft acted as accountant for Art-Invest Real Estate Management GmbH & Co KG. K&l Gates Llp acted as legal advisor for Art-Invest Real Estate Management GmbH & Co KG.
Art-Invest Real Estate Management GmbH & Co KG completed the acquisition of properties Säby 3:22, 3:77 and 3:78 in Barkarby from PATRIZIA SE (XTRA:PAT) on December 4, 2024. Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: €0.10 loss per share (down from €0.10 profit in 3Q 2023). Revenue: €64.0m (down 16% from 3Q 2023). Net loss: €8.67m (down 199% from profit in 3Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 38%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Sep 18
PATRIZIA SE to Report Fiscal Year 2024 Results on Feb 27, 2025 PATRIZIA SE announced that they will report fiscal year 2024 results on Feb 27, 2025 Reported Earnings • Aug 15
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: €0.10 loss per share (further deteriorated from €0.075 loss in 2Q 2023). Revenue: €70.3m (up 3.5% from 2Q 2023). Net loss: €8.38m (loss widened 31% from 2Q 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 14
Price target decreased by 7.4% to €9.58 Down from €10.34, the current price target is an average from 5 analysts. New target price is 34% above last closing price of €7.14. Stock is down 22% over the past year. The company is forecast to post earnings per share of €0.086 for next year compared to €0.067 last year. Announcement • Jul 10
PATRIZIA SE to Report Fiscal Year 2024 Final Results on Mar 21, 2025 PATRIZIA SE announced that they will report fiscal year 2024 final results on Mar 21, 2025 Buy Or Sell Opportunity • Jul 09
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to €7.20. The fair value is estimated to be €5.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jun 06
Upcoming dividend of €0.34 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 17 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.9%). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: €0.05 (vs €0.15 in 1Q 2023) First quarter 2024 results: EPS: €0.05 (down from €0.15 in 1Q 2023). Revenue: €63.0m (flat on 1Q 2023). Net income: €4.62m (down 63% from 1Q 2023). Profit margin: 7.3% (down from 20% in 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €0.068 (vs €0.083 in FY 2022) Full year 2023 results: EPS: €0.068 (down from €0.083 in FY 2022). Revenue: €305.7m (down 12% from FY 2022). Net income: €5.80m (down 20% from FY 2022). Profit margin: 1.9% (down from 2.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: €0.10 (down from €0.13 in 3Q 2022). Revenue: €85.4m (flat on 3Q 2022). Net income: €8.75m (down 21% from 3Q 2022). Profit margin: 10% (down from 13% in 3Q 2022). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Sep 29
TEP VII fund managed by PATRIZIA SE (XTRA:PAT) acquired Piacenza Business Park from AKNO Group SA for €70 million. TEP VII fund managed by PATRIZIA SE (XTRA:PAT) acquired Piacenza Business Park from AKNO Group SA for €70 million on September 28, 2023. DLA Piper Germany acted as legal advisor and Yeardreas acted as technical advisor to PATRIZIA SE.
TEP VII fund managed by PATRIZIA SE (XTRA:PAT) completed the acquisition of Piacenza Business Park from AKNO Group SA on September 28, 2023. Announcement • Aug 24
PATRIZIA SE (XTRA:PAT) acquired Large Urban Logistics Portfolio in Sweden from ÄLta Fastigheter Ab. PATRIZIA SE (XTRA:PAT) acquired Large Urban Logistics Portfolio in Sweden from ÄLta Fastigheter Ab on August 23, 2023. Roschier acted as legal advisor, EY acted as tax and financial advisor to PATRIZIA and Broadgate. Colliers Capital Markets acted as financial advisor and Real Advokatbyrå acted as legal advisor to the seller.
PATRIZIA SE (XTRA:PAT) completed the acquisition of Large Urban Logistics Portfolio in Sweden from ÄLta Fastigheter Ab on August 23, 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings released: €0.075 loss per share (vs €0.019 profit in 2Q 2022) Second quarter 2023 results: €0.075 loss per share (down from €0.019 profit in 2Q 2022). Revenue: €67.9m (down 12% from 2Q 2022). Net loss: €6.41m (down 472% from profit in 2Q 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Aug 11
PATRIZIA SE, Annual General Meeting, Jun 12, 2024 PATRIZIA SE, Annual General Meeting, Jun 12, 2024. Announcement • Aug 03
Investika Realitni Fond, Otevreny Podilovy Fond a fund managed by Investika, Investiana Spoleanost, A.S. acquired Royal Trakt Offices Building from PATRIZIA SE (XTRA:PAT). Investika Realitni Fond, Otevreny Podilovy Fond a fund managed by Investika, Investiana Spoleanost, A.S.acquired Royal Trakt Offices Building from PATRIZIA SE (XTRA:PAT) on August 2, 2023. Adriana Andrzejewska acted as legal advisor to Investika, Investiana Spoleanost, A.S.
Investika Realitni Fond, Otevreny Podilovy Fond a fund managed by Investika, Investiana Spoleanost, A.S. completed the acquisition of Royal Trakt Offices Building from PATRIZIA SE (XTRA:PAT) on August 2, 2023. Buying Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be €11.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 28%. Revenue is forecast to grow by 2.4% in 2 years. Earnings is forecast to grow by 297% in the next 2 years. Price Target Changed • Jul 29
Price target decreased by 11% to €11.52 Down from €13.00, the current price target is an average from 5 analysts. New target price is 26% above last closing price of €9.16. Stock is down 27% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.083 last year. Announcement • Jul 29
PATRIZIA SE to Report Fiscal Year 2023 Results on Mar 22, 2024 PATRIZIA SE announced that they will report fiscal year 2023 results on Mar 22, 2024 Announcement • Jun 16
Lakeward Real Estate AG acquired office building in Stuttgart from PATRIZIA SE (XTRA:PAT). Lakeward Real Estate AG acquired office building in Stuttgart from PATRIZIA SE (XTRA:PAT) on June 14, 2023. GSK Stockmann + Kollegen Rechtsanwalte Steuerberater Partnerschaftsgesellschaft Mbb acted as legal advisor to Lakeward Real Estate AG. Clifford Chance, Düsseldorf acted as legal advisor to PATRIZIA SE (XTRA:PAT). Colliers accompanied the transaction on the seller side.
Lakeward Real Estate AG completed the acquisition of office building in Stuttgart from PATRIZIA SE (XTRA:PAT) on June 14, 2023. Upcoming Dividend • May 19
Upcoming dividend of €0.33 per share at 3.9% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.0%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: €0.08 (vs €0.54 in FY 2021) Full year 2022 results: EPS: €0.08 (down from €0.54 in FY 2021). Revenue: €374.9m (up 18% from FY 2021). Net income: €7.28m (down 85% from FY 2021). Profit margin: 1.9% (down from 15% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 28% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 22% per year. Price Target Changed • Feb 22
Price target increased by 11% to €13.16 Up from €11.86, the current price target is an average from 5 analysts. New target price is 18% above last closing price of €11.18. Stock is down 37% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.54 last year. Announcement • Feb 02
TEP VII managed by PATRIZIA SE (XTRA:PAT) and Realm Management Limited completed the acquisition of Ringsted Outlet Center P/S from Agat Ejendomme A/S (CPSE:AGAT) and CapMan Real Estate Oy. TEP VII managed by PATRIZIA SE (XTRA:PAT) and Realm Management Limited agreed to acquire Ringsted Outlet Center P/S from Agat Ejendomme A/S (CPSE:AGAT) and CapMan Real Estate Oy for DKK 390 million on December 20, 2022. TEP VII has formed a strategic JV partnership with REALM, a leading specialist outlet centre operator, which will perform third-party asset management duties and own a minority stake in the investment. The transaction is expected to close on January 31, 2023. Christian Bro Jansen and Chris Gardener of CBRE acted as the the seller’s commercial advisor on the transaction. Bruun & Hjejle and DLA Piper Sweden acted as the legal advisor to PATRIZIA. Colliers International acted as the real estate due diligence provider and KHR Architecture acted as the technical due diligence provider to PATRIZIA. PriceWaterhouseCoopers Advisory LLC acted as the financial advisor to PATRIZIA. Kromann Reumert and EY also advised on the sale.
TEP VII managed by PATRIZIA SE (XTRA:PAT) and Realm Management Limited completed the acquisition of Ringsted Outlet Center P/S from Agat Ejendomme A/S (CPSE:AGAT) and CapMan Real Estate Oy on January 31, 2023. Announcement • Jan 18
SBT Immobilien Gruppe acquired Two properties in Saarbrücken from PATRIZIA SE (XTRA:PAT). SBT Immobilien Gruppe acquired Two properties in Saarbrücken from PATRIZIA SE (XTRA:PAT) on January 17, 2023. It was agreed not to disclose the purchase price.SBT Immobilien Gruppe completed the acquisition of Two properties in Saarbrücken from PATRIZIA SE (XTRA:PAT) on January 17, 2023. Price Target Changed • Nov 16
Price target decreased to €11.82 Down from €18.48, the current price target is an average from 5 analysts. New target price is 23% above last closing price of €9.64. Stock is down 56% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.54 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Marie Lalleman is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: €0.13 (down from €0.15 in 3Q 2021). Net income: €11.1m (down 16% from 3Q 2021). Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Nov 03
PATRIZIA SE to Report Fiscal Year 2022 Results on Feb 28, 2023 PATRIZIA SE announced that they will report fiscal year 2022 results on Feb 28, 2023 Announcement • Sep 01
PATRIZIA SE to Report Fiscal Year 2022 Final Results on Mar 23, 2023 PATRIZIA SE announced that they will report fiscal year 2022 final results on Mar 23, 2023 Announcement • Aug 30
PATRIZIA SE to Report Q1, 2023 Results on May 12, 2023 PATRIZIA SE announced that they will report Q1, 2023 results on May 12, 2023 Price Target Changed • Aug 13
Price target decreased to €24.18 Down from €26.12, the current price target is an average from 4 analysts. New target price is 92% above last closing price of €12.62. Stock is down 40% over the past year. The company is forecast to post earnings per share of €0.53 for next year compared to €0.54 last year. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: €0.02 (vs €0.12 in 2Q 2021) Second quarter 2022 results: EPS: €0.02 (down from €0.12 in 2Q 2021). Revenue: €100.6m (up 24% from 2Q 2021). Net income: €1.72m (down 84% from 2Q 2021). Profit margin: 1.7% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3% compared to a 46% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Announcement • Aug 12
Patrizia AG, Annual General Meeting, May 25, 2023 Patrizia AG, Annual General Meeting, May 25, 2023. Upcoming Dividend • May 26
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 63% and the cash payout ratio is 84%. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.3%). Price Target Changed • May 25
Price target decreased to €24.92 Down from €27.48, the current price target is an average from 4 analysts. New target price is 107% above last closing price of €12.04. Stock is down 48% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.54 last year. Price Target Changed • May 19
Price target decreased to €26.12 Down from €28.32, the current price target is an average from 4 analysts. New target price is 102% above last closing price of €12.94. Stock is down 41% over the past year. The company is forecast to post earnings per share of €0.88 for next year compared to €0.54 last year. Reported Earnings • May 14
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: €0.13 (down from €0.16 in 1Q 2021). Revenue: €80.9m (up 38% from 1Q 2021). Net income: €11.7m (down 18% from 1Q 2021). Profit margin: 14% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) exceeded analyst estimates by 8.3%. Over the next year, revenue is forecast to grow 20% compared to a 42% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €0.54 (up from €0.42 in FY 2020). Revenue: €339.3m (up 12% from FY 2020). Net income: €47.9m (up 27% from FY 2020). Profit margin: 14% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 9.2% compared to a 22% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Buying Opportunity • Mar 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €20.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% per annum over the last 3 years. Earnings per share has declined by 16% per annum over the last 3 years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS €0.15 (vs €0.12 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €90.4m (up 21% from 3Q 2020). Net income: €13.2m (up 24% from 3Q 2020). Profit margin: 15% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 08
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 15 October 2021. Payment date: 19 October 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.12 (vs €0.23 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €82.9m (up 1.6% from 2Q 2020). Net income: €10.9m (down 48% from 2Q 2020). Profit margin: 13% (down from 26% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 
