Corestate Capital Holding S.A.: CORESTATE publishes forecast for 2017
DGAP-News: Corestate Capital Holding S.A.: CORESTATE publishes forecast for 2017
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Forecast
16.01.2017 / 08:47
The issuer is solely responsible for the content of this announcement.
CORESTATE publishes forecast for 2017
CORESTATE Capital Holding S.A. (“CORESTATE”), a fully integrated real estate investment management company and co-investor based in Luxembourg, has issued its forecast for fiscal year 2017. The Management Board expects Aggregate Revenues of between EUR 75 million and EUR 80 million for fiscal year 2017, as well as Net Income of between EUR 30 million and EUR 32 million.
CORESTATE is thus continuing its profitable growth.
The forecast does not yet take into account the business results of the Hannover Leasing Group, in which CORESTATE has acquired a share of 94.9% and will be consolidated in the consolidated financial statements of CORESTATE as of the completion of the transaction. Completion of the transaction is still subject to the conclusion of owner control procedures by BaFin, which is expected to occur in the first half of 2017.
Henryk Deter / Mirko Koch
T: +49 0611 20585540
T: +49 69 264867715
M: +49 176 10430063
CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. is a fully integrated real estate investment manager and co-investor seated in Luxembourg that also has offices inter alia in Frankfurt, Zurich, Madrid, Munich and Singapore. The companies that belong to the CORESTATE Group have generated a transaction volume of approximately EUR 27bn* so far. CORESTATE accompanies its customers along the entire value creation chain of a real estate investment product and covers, in particular, deal sourcing and the development of investment products, structuring and execution of transactions, real estate investment management services and the development and execution of exit strategies. Since October 2016 the group is listed on the Frankfurt Stock Exchange via the Entry Standard.
*The key figures of the Hannover Leasing Group have been taken into account; the completion of the transaction is still subject to the conclusion of ownership control procedures by BaFin, which is expected to occur in the first half of 2017.
This release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.