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    ARL   DE0005408116

AAREAL BANK AG

(ARL)
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Aareal Bank AG: Supervisory Board of Aareal Bank AG appoints Jochen Kl÷sges Chairman of the Management Board

06/15/2021 | 05:36am EDT

DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Personnel
Aareal Bank AG: Supervisory Board of Aareal Bank AG appoints Jochen Klösges Chairman of the Management Board

15-Jun-2021 / 11:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Supervisory Board of Aareal Bank AG appoints Jochen Klösges Chairman of the Management Board

In its ordinary meeting today, the Supervisory Board of Aareal Bank AG unanimously appointed Jochen Klösges Chairman of the Management Board of Aareal Bank AG. He succeeds Hermann J. Merkens.

The decision is subject to the approval of the supervisory authority (ECB).

Jochen Klösges is expected to take office on 15 September 2021. Management Board members Marc Hess and Thomas Ortmanns will continue to perform the CEO's duties until further notice.




Contact:
Jürgen Junginger, Head of Investor Relations

15-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1208128

 
End of Announcement DGAP News Service

1208128  15-Jun-2021 CET/CEST

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ę EQS 2021
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Sales 2021 823 M 974 M 974 M
Net income 2021 72,4 M 85,7 M 85,7 M
Net Debt 2021 - - -
P/E ratio 2021 18,5x
Yield 2021 4,72%
Capitalization 1 232 M 1 458 M 1 458 M
Capi. / Sales 2021 1,50x
Capi. / Sales 2022 1,40x
Nbr of Employees 3 010
Free-Float 100,0%
Chart AAREAL BANK AG
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Technical analysis trends AAREAL BANK AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 20,58 €
Average target price 24,38 €
Spread / Average Target 18,4%
EPS Revisions
Managers and Directors
Marc Oliver He▀ CFO, Head-Treasury, Finance & Controlling
Marija G. Korsch Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Vice Chairman-Supervisory Board
Sylvia Seignette Independent Member-Supervisory Board
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