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DGAP-News: PATRIZIA AG
/ Key word(s): Half Year Report/Half Year Results
PATRIZIA H1 2021 financial results: On track to reach FY 2021 guidance
Augsburg, 04 August 2021. PATRIZIA AG, a leading partner for global real assets, is well on track to reach its full year guidance after publication of H1 2021 financial results. PATRIZIA's operating income was largely driven by continued growth in management fees, which increased 8.2% y-o-y to EUR 104.0m. Transaction fees came in at EUR 21.1m, equivalent to 3.9% Operating income of EUR 57.4m in H1 2021 compares to EUR 74.1m in H1 2020. The y-o-y decline was mainly driven by timing differences in the realisation of performance fees and net sales revenues and co-investment income between H1 and H2 of the comparable period. PATRIZIA continues to expect increased business activity during H2 2021 with further fee generation especially in transaction and performance fees. The FY 2021 guidance ranges for operating income and all other KPIs are confirmed. During H1 2021 PATRIZIA signed transactions worth EUR 2.1bn for its global clients, an increase of 30.0% to the comparable period last year. At the same time, EUR 0.8bn of equity was raised for investments in European and Global real asset investment strategies. Assets under management (AUM) increased from 47.0bn at year-end 2020 to EUR 48.2bn as at 30 June 2021. Karim Bohn, CFO of PATRIZIA AG, says: "The H1 2021 financial results prove the stability and continued growth momentum of PATRIZIA. It is especially pleasing to see solid growth in AUM and management fees, but even stronger growth momentum in signed transactions and equity raised. This confirms the expected acceleration of business activity for the remainder of the year." Thomas Wels, Co-CEO of PATRIZIA AG, adds: "We will continue to grow our investment activities and product offering for our global clients as industry dynamics remain unchanged - this includes ongoing screening of M&A opportunities. PATRIZIA as one of the leading independent real asset investment management platforms is best positioned to benefit from the structural growth of the industry. Our recently announced strategic hire in Japan and the communicated AUM targets for the Japanese market are the natural next steps for the platform following the strong track record PATRIZIA has built up servicing Asian investors over the last few years." PATRIZIA: A leading partner for global real assets Contact:
04.08.2021 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: | 1224137 |
| End of News | DGAP News Service |
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1224137 04.08.2021
