InCity News

Schönefeld, 16 December 2024 – InCity Immobilien AG has resolved to delist from the open market of the Frankfurt Stock Exchange.

Schönefeld, 5 April 2024: Based on preliminary, unaudited figures, InCity Immobilien AG (“InCity AG”) generated a consolidated net loss for the year (HGB) of around EUR 6.0 million in the past 2023 financial year, thus falling below the earnings forecast adjusted in December 2023, which had assumed a consolidated net loss for the full year 2023 of between EUR 5.0 million and EUR 5.5 million. In the company's separate financial statements, the net loss for the year (HGB) for 2023, at around EUR 9.7 million, is significantly below the adjusted forecast (between EUR -2.3 million and EUR 2.8 million).

Schönefeld, 15 December 2023: In view of the planned sale of around 89% of the shares in the property company holding the “Stiftstraße 18/20” property in Frankfurt am Main, InCity Immobilien AG (“InCity AG”) has decided to have an early market valuation of the property concerned carried out by an external third party in order to ensure a sale on market-appropriate terms.

Schönefeld, 28 March 2023: Based on preliminary, unaudited figures, InCity Immobilien AG (“InCity AG”) generated a consolidated net loss for the year (HGB) of around EUR 2.9 million in the past 2022 financial year, which is within the earnings forecast that had assumed a consolidated net loss for the full year of between EUR 2.5 million and EUR 3.0 million. In the company's separate financial statements, by contrast, the net loss for the year (HGB), at around EUR 1.9 million, is significantly below the forecast (between EUR -0.1 million and EUR -0.6 million).

Schönefeld, 19 September 2024 – In its half-year report published today for the first six months of the current 2024 financial year, InCity Immobilien AG (“InCity AG”) reports a consolidated half-year net loss (HGB) of EUR 1.7 million, largely shaped by scheduled depreciation on the property portfolio under HGB of around EUR 0.9 million and investments in the existing properties of around EUR 0.8 million.

Schönefeld, 25 April 2024 – The annual report of InCity Immobilien AG (“InCity AG”) for the 2023 financial year published today shows a net loss for the year (HGB) of EUR 6.0 million at Group level; at the level of the separate financial statements the net loss for the year amounted to EUR 9.7 million. The final results are therefore below the forecast already adjusted in December 2023. To that extent, the Management Board's expectations and plans for the InCity Group and at the level of InCity Immobilien AG were not met during the course of 2023. The significant decline in earnings compared with the previous financial year (2022: EUR -2.9 million at Group level and EUR -1.9 million in the separate financial statements) is mainly attributable to a decline in EBITDA and to two unscheduled write-downs on existing properties.

Schönefeld, 5 February 2024 – Helge H. Hehl, Chief Financial Officer of InCity Immobilien AG (“InCity AG”), will leave the company at his own request as of 31 March 2024 to pursue new professional challenges.

Schönefeld, 14 September 2023 – In its half-year report published today, InCity Immobilien AG (“InCity AG”) reports a consolidated half-year net loss (HGB) of EUR 1.16 million for the first six months of 2023.

Schönefeld, 27 April 2023 – The annual report of InCity Immobilien AG (“InCity AG”) published today reports a net loss for the year (HGB) of EUR 2.9 million at Group level for the 2022 financial year; at the level of the separate financial statements the net loss amounted to EUR 1.9 million.

MAINFIRST BANK AG, Kennedyallee 76, 60596 Frankfurt am Main, has notified us pursuant to Section 20 (5) of the German Stock Corporation Act (AktG) that MAINFIRST BANK AG directly holds less than 25% of the shares in InCity Immobilien AG (ISIN: DE000A0HNF96).

MAINFIRST BANK AG, Kennedyallee 76, 60596 Frankfurt am Main, has notified us pursuant to Section 20 (1) of the German Stock Corporation Act (AktG) that MAINFIRST BANK AG directly holds more than 25% of the shares in InCity Immobilien AG (ISIN: DE000A0HNF96).

Haron Holding AG, Alpenstrasse 11, 6300 Zug, Switzerland, has notified us pursuant to Section 20 (1), (3) of the German Stock Corporation Act (AktG) that Haron Holding AG directly holds more than one quarter of the shares in InCity Immobilien AG (ISIN: DE000A0HNF96).