Lübke Kelber publishes preliminary figures for the 2023 financial year
EQS-News: Lübke Kelber AG / Key word(s): Preliminary Results/Forecast
Lübke Kelber publishes preliminary figures for the 2023 financial year
10.05.2024 / 10:47 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lübke Kelber publishes preliminary figures for the 2023 financial year
Frankfurt a. M., 10 May 2024 -Lübke Kelber AG (ISIN: DE000A35JR33)
announces its preliminary business figures in the course of the
first-time preparation of annual financial statements for the AG,
which was reorganised at the end of 2023. As already published, Lübke
Kelber AG, as the holding company of the Lübke Kelber real estate
group, significantly increased its equity to EUR 17.8 million
(previous year: EUR -0.1 million) through the contribution of its
operating subsidiary Dr Lübke & Kelber GmbH. Due to the costs of
restructuring under company law and legal costs, earnings before
interest and taxes (EBIT) totalled EUR -0.42 million (previous year:
EUR -0,62 million).
In terms of operating business, Dr Lübke & Kelber GmbH and its
subsidiaries increased sales to EUR 8.7 million in the 2023 financial
year. The transaction volume of the business handled by the company
totalled around EUR 850 million. EBIT amounted to EUR -1.6 million and
was therefore in line with the communicated expectations. The main
reasons for the negative result are higher costs due to the
anti-cyclical increase in personnel against the market trend as well
as the successful expansion of asset and investment management with
around 3,000 flats, which entailed extraordinary costs. In addition,
there were impairments on receivables and the postponement of some
property sales expected for 2023 to 2024.
Based on the investments made in personnel, locations and the already
high secured sales pipeline and expansion of the investments in the
Group, 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 investment
income.
The publication of the annual financial statements of Lübke Kelber AG
is planned for 31 May 2024.
About Lübke Kelber
Lübke Kelber is a diversified, medium-sized real estate 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 and Leipzig.
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
(1)Luebke-Kelber@ir-on.com
1. mailto:Luebke-Kelber@ir-on.com
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10.05.2024 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: 1900447
End of News EQS News Service
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1900447 10.05.2024 CET/CEST