Brief: Gateway Real Estate Says Took Partial Write-Down OF 29.7 Mln Euros

Gateway Real Estate AG

12/04/2024 19:24

April 12 (Reuters) - Gateway Real Estate Ag  GTYG.DE :
    * EQS-ADHOC: GATEWAY REAL ESTATE AG PUBLISHES PRELIMINARY
FIGURES
FOR FISCAL YEAR 2023
    * CLOSED FISCAL YEAR 2023 WITH AN EBIT ADJUSTED OF
PRESUMABLY EUR
-142.9 MILLION (FORECAST: EUR -37 TO -27 MILLION)
    * FY EARNINGS BEFORE TAXES OF EUR -185.1 MILLION (FORECAST:
EUR
-52 TO -42 MILLION) AS WELL AS AN EQUITY OF EUR 210.3 MILLION
    * PARTIAL WRITE-DOWN OF EUR 29.7 MILLION WAS MADE TODAY ON
REAL
ESTATE PROJECTS HELD AS INVENTORIES
    * DEVIATION IS MAINLY DUE TO FURTHER IMPAIRMENTS OF
FINANCIAL
RECEIVABLES IN AMOUNT OF EUR 100.5 MILLION,

Source text for Eikon:  ID:nEQ4VkwDna 
Further company coverage:  GTYG.DE 

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