Deutsche Grundstücksauktionen - Increasing trade volume on favourable pricing
Group transaction volumes rose c 44% y o y in H121 to €86.3m, with almost all Deutsche Grundstücksauktionen (DGA) group companies contributing to the improvement. This expansion results mainly from favourable pricing developments and size of properties sold, as the average price per asset increased by c 47% y-o-y. Due to its regressive commission scale, group revenues increased by 31% to €7.6m, which boosted pre-tax profit by 80% y-o-y to €2.3m on a consolidated basis, with fully owned subsidiaries contributing c €1.6m to the group’s pre-tax result. With €40.7m already submitted for Q321 auctions, DGA has increased its annual transaction volume target to €135m (from €112.7m).Deutsche Grundstuecksauktionen AG. Deutsche Grundstuecksauktionen AG is a Germany-based operator of real estate auction houses. The Company operates a network of local agencies and local representatives across Germany. Its services portfolio includes, amonog others, property transfer, contract management, insurance check, vacancy and rental management, re-renting of vacancies, property management, technical facility management, support and supervision of repair and modernization measures, dunning processes, operation costs consulting, handling and monitoring of monetary transaction, rent and costs bookkeeping, administration and accounting of rent deposits and preparation of auction for payment or possession and other legal cases.
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