PRESS RELEASE

from Publity AG (isin : DE0006972508)

EQS-Adhoc: publity AG expects clearly negative annual result in 2022

EQS-Ad-hoc: publity AG / Key word(s): Preliminary Results/Annual Results
publity AG expects clearly negative annual result in 2022

30-Jun-2023 / 18:18 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.


Publication of inside information pursuant to Article 17 of the Market Abuse Regulation

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION MIGHT BE UNLAWFUL.

publity AG expects clearly negative annual result in 2022

  • Annual result expected to be around -195 million euros
  • Valuation of PREOS Global Office Real Estate & Technology AG investment reduced by approx. 167 million euros with no effect on liquidity
  • Equity expected to be around 370 million euros at year-end 2022 (equity ratio around 76 percent)
  • Annual financial statements expected to be published in calendar week 28 with unqualified audit opinion

Frankfurt am Main, June 30, 2023 – In the context of the preparation of the annual financial statements 2022 of publity AG ("publity", ISIN DE0006972508), it is becoming apparent that a consolidated net income of approximately -195 million euros is expected to be reported in the separate financial statements in accordance with HGB accounting principles. Originally, the company had expected a net profit in the range of 6-10 million euros. A significant factor in the loss now being incurred is non-cash adjustments to the carrying amount of the investment in PREOS Global Office Real Estate & Technology AG in the annual financial statements. In consultation with the auditors, the Management Board has agreed to reduce the carrying amount by around EUR 167 million as of December 31, 2022. This reflects publity's response to the negative market environment for real estate companies. In addition, effects in connection with the non-recurring capital increase at GORE German Office Real Estate AG, which was not implemented, will have a one-off negative impact on the 2022 annual result. publity's Management Board assumes that the AG's equity will be reported in the annual financial statements at around 370 million euros as of December 31, 2022, with a corresponding equity ratio of around 76 percent. Following consultation with the Company's auditors, publity expects to publish the complete annual financial statements for 2022 in the 28th calendar week with an unqualified audit opinion.

 



End of Inside Information

Information and Explanation of the Issuer to this announcement:

Press Contact:

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone +49(0) 69/905505-52
Mail: publity@edicto.de


30-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:publity AG
Opernturm, Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Germany
Phone:0341 26178710
Fax:0341 2617832
E-mail:info@publity.de
Internet:www.publity.de
ISIN:DE0006972508, DE000A169GM5
WKN:697250, A169GM
Indices:Scale 30
Listed:Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1670487

 
End of AnnouncementEQS News Service

1670487  30-Jun-2023 CET/CEST

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