|
DGAP-News: PATRIZIA AG
/ Key word(s): Strategic Company Decision/Conference
Growth in client demand drives "Strategy 2023" over the next 3 - 5 years
The management of PATRIZIA also provided details on major structural growth drivers and gave a mid-term outlook on financials for the next 3 - 5 years. Demographic change, lower for longer interest rates and consolidation among investment managers will lead to continued high capital inflows to real asset managers with a truly pan-European platform and broad product offering. Continued international client demand will drive growth of the industry. PATRIZIA sees itself at the forefront of market changes in this structural growth market. Innovation and digitalization will drive market change and offer ample opportunities for client services and platform efficiency. PATRIZIA will further strengthen its pan-European footprint based on local expertise with broadening its product offering into real assets (infrastructure) and real estate debt mid-term. CEO Wolfgang Egger comments: "We have built up a strong platform with a convincing track record over the past 35 years. We have a clear strategy on how to further develop PATRIZIA in a structural growth market - it will benefit both our national and international clients as well as our shareholders." PATRIZIA's Strategy 2023 and client demand should lead to organic growth of Assets under management (AUM) of between 8.0% - 10.0% p.a. in the next 3 - 5 years on average. To enlarge its product range selective M&A could lead to a total annual growth of c15.0% p.a. CFO Karim Bohn adds: "Our Strategy 2023 should lead to a higher share of recurring management fees, further increasing the quality of our earnings while improving efficiency at the same time. Being a reliable partner with a strong balance sheet and sufficient liquidity to take market opportunities will also remain a key part of our strategy." PATRIZIA today also released its 9M 2019 financial results and confirmed its guidance for operating income of between EUR 120.0 - 130.0m for the financial year 2019. All Capital Markets Day presentation slides will be made available in the shareholder section of PATRIZIA's website:
Contact:
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | PATRIZIA AG |
| Fuggerstraße 26 | |
| 86150 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 - 509 10-000 |
| Fax: | +49 (0)821 - 509 10-999 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000PAT1AG3 |
| WKN: | PAT1AG |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 911969 |
| Â | |
| End of News | DGAP News Service |
|
|
911969Â Â 14.11.2019Â
