Corporate news for the capital market
Heidelberg (pta051 / 02/22/2021 / 6:00 p.m.) – Deutsche Balaton Aktiengesellschaft, Heidelberg, ISIN DE000A2LQT08, started its 2020 financial year (January 01, 2020 to December 31, 2020) with expected earnings before taxes (individual financial statements according to HGB) in Amount of around 43.3 million euros (previous year around 2.0 million euros). The aforementioned preliminary earnings before taxes are based on the preliminary assessment of the assets and liabilities carried out by the Management Board on February 22, 2021 and the income and expenses generated in the past 2020 financial year.
Earnings before taxes of around EUR 43.3 million are significantly higher than the previous year’s figure due to a strong stock market environment, among other things, and are particularly characterized by the effect of the announced repurchase of Drägerwerk participation certificates in July 2020, which was communicated in March 2020 communicated sale of the stake in Easy Software AG and the effect of the sale of a stake from the “CornerstoneCapital” segment communicated in October 2020.
Essentially, there are income from financial assets in the amount of around 9.2 million euros (previous year around 3.4 million euros) and income from the disposal of financial assets in the amount of around 53.1 million euros (previous year approx. 24.7 million euros) compared to depreciation on financial assets of around 21.0 million euros (previous year around 20.5 million euros).
The Management Board of Deutsche Balaton AG considers the group figures according to IFRS to be more relevant than the financial figures of the individual financial statements according to HGB for assessing the stock exchange or market price of the Deutsche Balaton AG share.
|Emitter:||Deutsche Balaton AG
Brick houses on Landstrasse 1
|Contact Person:||Dr. Martin Flick|
|Tel.:||+49 6221 64924-0|
The stock market:
|Regulated Unofficial Market in Düsseldorf, Basic Board in Frankfurt, Regulated Unofficial Market in Munich, Regulated Unofficial Market in Stuttgart; Regulated Unofficial Market in Berlin|
|ISIN (s):||DE000A2LQT08 (share)|