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    ARL   DE0005408116

AAREAL BANK AG

(ARL)
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DGAP-Adhoc: 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

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1208128&application_name=news 
 

(END) Dow Jones Newswires

June 15, 2021 05:35 ET (09:35 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
AAREAL BANK AG 0.68% 20.58 Delayed Quote.4.55%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.05% 0.62335 Delayed Quote.-1.60%
BRITISH POUND / EURO (GBP/EUR) 0.05% 1.17305 Delayed Quote.4.55%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.17% 0.673346 Delayed Quote.4.67%
INDIAN RUPEE / EURO (INR/EUR) 0.32% 0.011385 Delayed Quote.1.10%
US DOLLAR / EURO (USD/EUR) 0.28% 0.844802 Delayed Quote.2.87%
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More news
Financials
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%
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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
Sector and Competitors