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DGAP-News: Corestate Capital Holding S.A.
/ Key word(s): Miscellaneous
CORESTATE shows impressive Track Record at its Capital Markets Day
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 CORESTATE CEO Lars Schnidrig is in particular delighted about a whole range of "new institutional clients, especially insurers, banks and pension schemes we just recently won for our real estate equity products. Thus, our strategy to internationalize assets and client base is showing first, important fruits."  In the last couple of weeks, CORESTATE has announced several expansion steps of its micro living products in German major cities - to name Berlin, Hamburg and Cologne. Furthermore, the international extension of micro living activities with projects in Southern, Central and Northern European Metropolises has massively gained momentum. Further office and retail asset transactions were closed successfully on the domestic market. With this, the company underlines once again its annual organic AuM growth target of between 5 and 10%.  Shortly, the company via its subsidiary HFS will also enlarge its range of products for private debt real estate financings in German and European major cities. This "Whole Loan" offering not only leads to a remarkably deeper added value, but also to a change in the risk-return-profile and thus opens up the doors to new groups of investors  Placements of warehousing assets into various client funds also progress as planned with the side effect of a further reduction of short-term financial debts. Accordingly, CEO Schnidrig once again affirmed the financial leverage for the full year of 2x to 3x and confirmed the company's  financial forecast for the full year 2019 of aggregated revenues of EUR285 to 295 million, adjusted EBITDA of EUR165 to 175 million and adjusted net profit of EUR130 to 140 million.  Beyond the excellent organic growth perspectives, realigning acquisitions from small and mid-sized asset managers in Europe remain on the company's agenda. As recently shown in France with the investment manager STAM, CORESTATE will invest mid-double digit millions of Euros per annum out of its free cash flow for inorganic growth and will therefor consistently extend its leading European market position.     IR Contact Dr. Kai Gregor Klinger T: 07 / M: 0 PR Contact Jorge Person T: 136 / M:  About CORESTATE Capital Holding S.A. CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR26 billion in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices, e.g. in Frankfurt, London, Madrid, Singapore and Zurich. The company employs around 700 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Further information may be found at .  Forward-looking statements This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at ir.corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.   Â
12.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Corestate Capital Holding S.A. |
| 4, Rue Jean Monnet | |
| L-2180 Luxembourg | |
| Luxemburg | |
| Phone: | 107 |
| Fax: | 29 |
| E-mail: | |
| Internet: | -capital.com |
| ISIN: | LU1296758029 |
| WKN: | A141J3 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 872409 |
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| End of News | DGAP News Service |
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872409Â Â 12.09.2019Â
