Lübke Kelber AG publishes annual financial statements for 2023

EQS-News: Lübke Kelber AG / Key word(s): Annual Report/Annual Results
Lübke Kelber AG publishes annual financial statements for 2023

31.05.2024 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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    Lübke Kelber AG publishes annual financial statements for 2023 Frankfurt
     a. M., 31 May 2024 - Lübke Kelber AG (ISIN: DE000A35JR33) announces the
       audited figures for the 2023 financial year as part of the first-time
    preparation of annual financial statements following the contribution of
       Dr. Lübke & Kelber GmbH. They correspond to the company's preliminary
          business figures already communicated on 10 May 2024. As a holding
         company without its own operating business, Lübke Kelber AG did not
           generate any revenues in the past 2023 financial year. Due to the
   restructuring and legal costs under company law, earnings before interest
       and taxes (EBIT) totalled EUR -0.42 million (previous year: EUR -0.62
    million). The net loss for the year totalled EUR -0.44 million (previous
     year: EUR 0.63 million). The company's equity stood at EUR 17.8 million
         as at the balance sheet date (previous year: EUR -78 thousand). The
      reason for the significant increase in equity was the non-cash capital
    increase carried out in the fourth quarter of 2023, in which Dr. Lübke &
    Kelber GmbH was contributed to Lübke Kelber AG in exchange for the issue
   of 907,500 shares from authorised capital, excluding subscription rights.
   In terms of operating business, Dr Lübke & Kelber GmbH increased revenues
       to EUR 8.7 million in the 2023 financial year. EBIT totalled EUR -1.6
          million. The main reasons for the negative result were the further
      increase in personnel against the market trend, the expansion of asset
   and investment management as well as impairments on receivables. Based on
   the investments made in personnel and the development of the new business
          areas, the Executive Board expects a positive EBIT of over EUR 1.0
   million for the GmbH and its subsidiaries in the 2024 financial year, and
         thus also a positive result for Lübke Kelber AG via the income from
    investments. The 2023 annual financial statements of Lübke Kelber AG are
                                                                available at
   (1)https://luebke-kelber-ag.de/investment-highlights#finanzpublikationen.
     The publication of the 2023 Annual Report of Lübke Kelber AG is planned
             for the beginning of June. About Lübke Kelber Lübke Kelber is a
         diversified, medium-sized property specialist with over 55 years of
      market and real estate expertise. The company operates nationwide with
          more than 90 specialists and offices in Berlin, Frankfurt, Munich,
           Stuttgart, Düsseldorf, Dresden, Leipzig and London. As part of an
      international alliance centred around Gerald Eve LLP, the company also
              provides its clients with global market access. Lübke Kelber's
   long-standing quality standards, coupled with continuity and reliability,
    guarantee clients a high success rate for sales mandates. In addition to
    transaction advice in the residential and commercial real estate sector,
   Lübke Kelber also offers institutional investors a platform for asset and
                       investment management in Germany. More information at
         https://luebke-kelber-ag.de/ Contact Investor Relations / Financial
     Media: IR.on AG Frederic Hilke 0221-914097-0 (2)Luebke-Kelber@ir-on.com
    1. https://luebke-kelber-ag.de/investment-highlights#finanzpublikationen
                                           2. mailto:Luebke-Kelber@ir-on.com

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31.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Lübke Kelber AG
                   Taunusstr. 6
                   60329 Frankfurt/Main
                   Germany
   Phone:          +49 (0)69 99991400
   E-mail:         zentrale@luebke-kelber.de
   Internet:       www.luebke-kelber-ag.de
   ISIN:           DE000A35JR33
   WKN:            A35JR3
   Listed:         Regulated Unofficial Market in Dusseldorf
                   (Primärmarkt), Frankfurt
   EQS News ID:    1915529

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1915529 31.05.2024 CET/CEST