Gateway Real Estate AG publishes preliminary figures for fiscal year 2023

EQS-Ad-hoc: Gateway Real Estate AG / Key word(s): Preliminary Results/Real
Estate
Gateway Real Estate AG publishes preliminary figures for fiscal year 2023

12-Apr-2024 / 20:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Gateway Real Estate AG publishes preliminary figures for fiscal year 2023

Berlin, April 12, 2024. Based on preliminary and as yet unaudited figures,
Gateway Real Estate AG ("Company" - WKN A0JJTG / ISIN DE000A0JJTG7) assumes
to have closed the fiscal year 2023 with an EBIT adjusted of presumably EUR
-142.9 million (forecast: EUR -37 to -27 million) and earnings before taxes
(EBT) of EUR -185.1 million (forecast: EUR -52 to -42 million) as well as an
equity of EUR 210.3 million.

The deviation is mainly due to further impairments of financial receivables
in the amount of EUR 100.5 million, which the Executive Board decided to
carry out today for reasons of risk provisioning after it became aware of
new information on the financial situation of the debtors concerned. In
addition, a partial write-down of EUR 29.7 million was made today on real
estate projects held as inventories.

The Company reports EBIT adjusted as the operating result plus the result
from financial assets accounted for using the equity method.

The Company will publish its final financial figures and the annual report
2023 on 30 April 2024.


Contact
Sven Annutsch
Hardenbergstr. 28a
10623 Berlin
T +49 (0) 30 40 363 47 - 0
F +49 (0) 30 40 363 47 99
E-Mail: sven.annutsch@gateway-re.de


End of Inside Information

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   Language:       English
   Company:        Gateway Real Estate AG
                   Hardenbergstraße 28a
                   10623 Berlin
                   Germany
   Phone:          +49 (0) 30 40 363 47 - 0
   Fax:            +49 (0) 30 40 363 47 99
   E-mail:         info@gateway-re.de
   Internet:       www.gateway-re.de
   ISIN:           DE000A0JJTG7
   WKN:            A0JJTG
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1879833

End of Announcement EQS News Service
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1879833 12-Apr-2024 CET/CEST