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    VNA   DE000A1ML7J1

VONOVIA SE

(VNA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 05/11 03:34:40 pm
50.65 EUR   -1.15%
05/07VONOVIA  : Goldman Sachs keeps its Buy rating
MD
05/06TODAY'S ANALYST RECOMMENDATIONS : Lowe, National Grid, Pearson, Thomson Reuters, CVS...
05/06VONOVIA  : Jefferies keeps its Buy rating
MD
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PRESS RELEASE: Vonovia SE: Focus on climate -2-

05/04/2021 | 01:08am EDT
both sustainable and suitable for modular construction. 
Highly flexible financing strategy 
During the first quarter of the year Vonovia issued its first EUR 600 million Green Bond. This ten-year bond bearing 
0.625 % interest is continuing the company's sustainability strategy. Together with the EUR 500 million bond issued in 
January with a maturity of 20 years, Vonovia has created a highly flexible basis for financing. The Loan-to-Value (LTV) 
ratio was 39.1 % at the end of March 2021, i.e. 0.3 percentage points below the level at the end of 2020. 
At the end of the first quarter of 2021, the EPRA NTA, the key performance indicator for the net asset value, was EUR 
35,772.9 million - 0.8% higher than the value at the end of 2020, EUR 35,488.6 million. The EPRA NTA has been mirroring 
the increase in equity. The EPRA NTA per share increased from EUR 62.71 at the end of 2020 to EUR 63.22 at the end of the 
first quarter of 2021. 
Forecast confirmed 
Given the strong start to Vonovia's new financial year and its resilient business model, the company has confirmed the 
forecast for 2021. 
In 2021, Vonovia is planning to invest between EUR 1,300 million and EUR 1,600 million in modernization and construction. 
Total Segment Revenue is expected to be within a range of approximately EUR 4,900 million to EUR 5,100 million, and the 
Adjusted EBITDA Total between EUR 1,975 million and EUR 2,025 million. As a result, Vonovia is expecting its Group FFO to 
rise between EUR 1,415 million and EUR 1,465 million. At the same time, Vonovia reckons that its Sustainability Performance 
Index will be around 100 % in relation to various indicators such as carbon savings from existing buildings and 
customer satisfaction. 
 
Interim Statement for the First Quarter of 2021: 
DE: https://reports.vonovia.de/2021/q1/de 
EN: https://reports.vonovia.de/2021/q1/en 
You can find further information, photos and footage 
in the press section 
 
2021 Financial Calendar: 
August 6, 2021: Interim Financial Report for 2021 
November 4, 2021: Interim Statement for the first nine months of 2021 
 
                                                                   Change 
Financial Key Figures in EUR million             3M 2020   3M 2021     in % 
 
Total Segment Revenue                            998.8   1,145.5     14.7 
Adjusted EBITDA Total                            456.1     506.1     11.0 
Adjusted EBITDA Rental                           381.1     403.1      5.8 
Adjusted EBITDA Value-add                         37.2      45.8     23.1 
Adjusted EBITDA Recurring Sales                   26.4      47.1     78.4 
Adjusted EBITDA Development                       11.4      10.1    -11.4 
EBITDA IFRS                                      428.1     475.4     11.0 
Group FFO                                        335.5     382.9     14.1 
Profit for the Period                            211.6     247.0     16.7 
Total Cost of Maintenance, Modernization and 
New Construction (to Hold)                       414.5     379.9     -8.3 
Thereof for Maintenance Expenses and 
Capitalized Maintenance                          123.0     135.7     10.3 
Thereof for Modernization                        208.1     165.1    -20.7 
Thereof for New Construction (to Hold)            83.4      79.1     -5.2 
                                                                           Change 
Key Balance Sheet Figures in EUR million    Dec. 31, 2020   Mar. 31, 2021      in % 
Fair Value of the Real Estate Portfolio        58,910.7        58,984.6       0.1 
EPRA NTA                                       35,488.6        35,772.9       0.8 
EPRA NTA per Share in EUR*                          62.71           63.22       0.8 
LTV (in %)                                         39.4            39.1   -0.3 pp 
                                                          Change 
Nicht-finanzielle Kennzahlen          3M 2020   3M 2021     in % 
Number of Units Managed               488,294   487,191     -0.2 
Thereof Own Apartments                415,323   414,715     -0.1 
Thereof Apartments Owned by Others     72,971    72,476     -0.7 
Number of New Apartments Completed        122       379     >100 
Thereof Own Apartments                    122       149     22.1 
Thereof Apartments for Sale                 -       230        - 
Vacancy Rate (in %)                       2.8       2.8        - 
Monthly in-place rent in EUR/m²            6.94      7.18      3.5 
Number of employees 
(as of Mar. 31)                        10,499    10,684      1.8 

* Based on the shares carrying dividend rights on the reporting date: Mar. 31, 2020: 542,273,611; Mar. 31, 2021: 565,887,299; Dec. 31, 2020: 565,887,299. About Vonovia Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 415,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,500 apartments. Its portfolio is worth approximately EUR 59.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 10,000 employees. Additional Information: Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange ISIN: DE000A1ML7J1 WKN: A1ML7J Common code: 094567408 Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879 Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release. ----------------------------------------------------------------------------------------------------------------------- Additional features: File: Focus on climate strategy and social responsibility - Vonovia off to a good start in 2021_210504 -----------------------------------------------------------------------------------------------------------------------

2021-05-04 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 -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Vonovia SE 
              Universitätsstraße 133 
              44803 Bochum 
              Germany 
Phone:        +49 234 314 1609 
Fax:          +49 234 314 2995 
E-mail:       investorrelations@vonovia.de 
Internet:     www.vonovia.de 
ISIN:         DE000A1ML7J1 
WKN:          A1ML7J 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1192000 
 
End of News   DGAP News Service 
=------------ 

1192000 2021-05-04

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192000&application_name=news 
 

(END) Dow Jones Newswires

May 04, 2021 01:07 ET (05:07 GMT)

Stocks mentioned in the article
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CANADIAN DOLLAR / EURO (CAD/EUR) -0.06% 0.680819 Delayed Quote.5.35%
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EURO STOXX 50 -1.92% 3946.06 Delayed Quote.13.25%
INDIAN RUPEE / EURO (INR/EUR) 0.07% 0.011212 Delayed Quote.0.07%
US DOLLAR / EURO (USD/EUR) -0.13% 0.822842 Delayed Quote.0.36%
VONOVIA SE -1.37% 50.54 Delayed Quote.-14.26%
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Financials
Sales 2021 2 424 M 2 945 M 2 945 M
Net income 2021 3 422 M 4 158 M 4 158 M
Net Debt 2021 24 620 M 29 914 M 29 914 M
P/E ratio 2021 9,72x
Yield 2021 3,48%
Capitalization 28 996 M 35 262 M 35 231 M
EV / Sales 2021 22,1x
EV / Sales 2022 21,6x
Nbr of Employees 10 684
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 20
Average target price 65,13 €
Last Close Price 51,24 €
Spread / Highest target 57,9%
Spread / Average Target 27,1%
Spread / Lowest Target -6,91%
EPS Revisions
Managers and Directors
NameTitle
Rolf Buch Chairman-Management Board & CEO
Helene von Roeder Chief Financial Officer
Jürgen Fitschen Chairman-Supervisory Board
Marcel Kleifeld Head-Human Resources & Technical Services
Klaus Rauscher Independent Member-Supervisory Board
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