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    DWNI   DE000A0HN5C6

DEUTSCHE WOHNEN SE

(DWNI)
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Delayed Xetra  -  05/27 11:35:29 am EDT
25.46 EUR   +1.76%
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Deutsche Wohnen Appoints New Co-Chief Executives

01/03/2022 | 02:03am EDT

By Ed Frankl

Deutsche Wohnen SE said Sunday it has appointed new co-chief executives and a new head of its supervisory board, as it consolidates its takeover by Vonovia SE.

The German real-estate company said it appointed Konstantina Kanellopoulos and Lars Urbansky as co-CEOs, effective Jan. 1.

Philip Grosse will remain as chief financial officer until March 31, when Olaf Weber will take over, Deutsche Wohnen said. Mr. Grosse was previously appointed Vonovia's CFO as of Jan. 1.

Ms. Kanellopoulos and Mr. Weber move from Vonovia, while Mr. Urbansky was previously chief operating officer at Deutsche Wohnen.

"The company has established an excellent position in important markets, which we will build on in the coming years," Ms. Kanellopoulos said.

The Berlin-based company said it elected Helene von Roeder as chairwoman of its supervisory board, alongside promoting Florian Stetter to deputy chairman.

Deutsche Wohnen's previous CEO Michael Zahn, who led the company since 2008, said in December he would leave at the end of 2021 after deciding not to accept appointment to Vonovia's management board.

Vonovia holds a stake of around 87% in Deutsche Wohnen, the latter company said, after a successful EUR53 a share takeover of its former rival in the autumn. The result is one of Europe's largest residential real-estate groups.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

01-03-22 0203ET

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE WOHNEN SE 1.76% 25.46 Delayed Quote.-31.15%
VONOVIA SE 4.43% 35.57 Delayed Quote.-26.66%
All news about DEUTSCHE WOHNEN SE
05/17GLOBAL MARKETS LIVE : LVMH, Berkshire Hathaway, JetBlue, Walmart, Tencent...
05/16GLASS LEWIS ESG CONTROVERSY ALERT : Deutsche Wohnen
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05/10ANALYSIS : Deal-making frenzy comes to London's West End
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05/09DEUTSCHE WOHNEN SE : Deutsche Wohnen makes good start to financial year 2022
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03/31DEUTSCHE WOHNEN SE : Successful financial year in 2021 for Deutsche Wohnen and a positive ..
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03/31Deutsche Wohnen SE Provides Earnings Guidance for the Financial Year 2022
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03/18EUROPE : European stocks post their best week since November 2020
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03/18EUROPEAN MIDDAY BRIEFING - Stocks Edge Lower on -2-
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03/18Vonovia Targets Growth in 2022 -- Update
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Analyst Recommendations on DEUTSCHE WOHNEN SE
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Financials
Sales 2022 766 M 821 M 821 M
Net income 2022 1 097 M 1 175 M 1 175 M
Net Debt 2022 10 360 M 11 100 M 11 100 M
P/E ratio 2022 11,0x
Yield 2022 4,22%
Capitalization 10 106 M 10 827 M 10 827 M
EV / Sales 2022 26,7x
EV / Sales 2023 27,1x
Nbr of Employees 1 313
Free-Float 12,2%
Chart DEUTSCHE WOHNEN SE
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Technical analysis trends DEUTSCHE WOHNEN SE
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 25,46 €
Average target price 47,29 €
Spread / Average Target 85,7%
EPS Revisions
Managers and Directors
Lars Urbansky Co-Chairman-Management Board
Konstantina Kanellopoulos Co-Chief Executive Officer
Olaf Weber Chief Financial Officer
Helene von Roeder Chairman-Supervisory Board
Dirk Sonnberg Managing Director-Legal & Compliance
Sector and Competitors
1st jan.Capi. (M$)
DEUTSCHE WOHNEN SE-31.15%10 827
CHINA VANKE CO., LTD.-8.20%30 566
VONOVIA SE-26.66%29 595
VINHOMES JOINT STOCK COMPANY-15.00%13 059
VINGROUP JOINT STOCK COMPANY-17.98%12 453
LEG IMMOBILIEN SE-23.19%7 354