PRESS RELEASE : ACCENTRO Starts Year with 85% Revenue Growth

DGAP-News: Accentro Real Estate AG / Key word(s): Quarterly / Interim Statement/Real Estate 
ACCENTRO Starts Year with 85% Revenue Growth 
2021-06-01 / 09:00 
The issuer is solely responsible for the content of this announcement. 
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ACCENTRO Starts Year with 85% Revenue Growth 
- Strong growth in revenues and earnings during first quarter 
- Sales volume in individual privatisation segment doubles to EUR 54.1 million 
- Private investors accounted for about 90% of the flats sold in Q1 
- Forecast for significant growth in 2021 confirmed 
 
Berlin, 01 June 2021 - ACCENTRO Real Estate AG, an investor in residential real estate and Germany's leading housing 
privatisation company, looks back on a very successful first quarter. 
Revenues surged by 85% to EUR 27.6 million (previous year: EUR 14.9 million), while the earnings before interest and 
taxes (EBIT) rose by an impressive 535% to EUR 2.3 million (previous year: EUR 0.4 million). Earnings per share 
improved accordingly, rising to EUR -0.09 (previous year: EUR -0.24). The gross profit margin in sales also developed 
positively, achieving 26.3% (previous year: 22.3%). 
During the three opening months of the year, the volume of notarised property sales in the individual privatisation 
segment doubled year on year. Overall, 135 units in a total value of EUR 51.4 million were sold. The month of March 
actually marked a new record in the company's history. 
At the same time, the volume of notarised property sales that are still awaiting their transfers of benefits and 
burdens continued to grow. As of 31 March 2021, it added up to EUR 50.7 million. The resurgence is the result of 
ACCENTRO's marketing activities, which have maintained a permanently strong level over the past months. But it also 
shows that the COVID-19 pandemic keeps causing delays in the transfer of benefits and burdens. As a result, the 
successful sales activities are reflected only to some extent in the revenue and earnings performance of the first 
quarter. 
In the wake of a successful start to the year in line with our expectations, ACCENTRO confirms the forecast for this 
year. According to the forecast, revenues are expected to grow by around 60% to somewhere between EUR 170 and 200 
million (previous year: EUR 125,2 million) and the EBIT by up to around 44% to somewhere between EUR 45 and 50 million 
(previous year: EUR 34.8 million). 
Lars Schriewer, CEO of ACCENTRO Real Estate AG, expressed deep contentment: "The year got off to a brisk start for our 
company. During the first quarter, around 90% of the condominiums were sold to private investors. This demonstrates the 
persistently keen interest among owner-occupiers and private buy-to-let investors. Our broad-based portfolio of 
properties in attractive locations puts us in an excellent position to keep serving the strong demand in the years 
ahead." ACCENTRO' sales pipeline is well-filled, having a prospective sales value of approximately half a billion 
euros. The properties have already been lawfully partitioned into condominiums and are therefore exempt from the 
recently enacted Development Land Release Act that applies to residential real estate in "strained housing markets." 
"The idea is to put the company's successful performance on a broader foundation in addition to the bright outlook in 
condominium sales," added Lars Schriewer. "Building up a propriety stock will play an important role in this effort in 
the years to come. We have the asset management and property management experience it takes to develop the latter for 
the long term, and thereby to secure sustainably growing rent revenues and cashflows." 
About ACCENTRO Real Estate AG 
ACCENTRO Real Estate AG is a residential property investor and Germany's market leader in housing privatisations. Its 
real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal 
points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business 
activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to 
owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the 
set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset 
holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of 
the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.ag 
 
Investor Relations Contact: 
Thomas Eisenlohr 
ACCENTRO Real Estate AG 
Kantstrasse 44/45 
D-10625 Berlin 
E-mail: [e-mail] 
Tel. +49 (0)30 - 88 71 81 272 
 
Press and Public Relations Contact: 
Christian Dose 
WMP EuroCom AG 
Barckhaus Strasse 1 
D-60325 Frankfurt 
E-mail: [e-mail] 
Tel. [phone] 
Mobile: [phone] 
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2021-06-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Accentro Real Estate AG 
              Kantstr. 44/45 
              10625 Berlin 
              Germany 
Phone:        +49 (0)30 - 887 181 - 0 
Fax:          +49 (0)30 - 887 181 - 11 
E-mail:       [e-mail] 
Internet:     www.accentro.ag 
ISIN:         DE000A0KFKB3 
WKN:          A0KFKB 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1202857 
 
End of News   DGAP News Service 
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1202857 2021-06-01

 
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June 01, 2021 03:01 ET (07:01 GMT)