Fiscal Year 2015: Hahn Group doubles its profit
– EUR 4.9 million consolidated earnings after taxes (previous year: EUR 2.4 million)
– Equity ratio rises to 44.7 percent (previous year: 34.0 percent)
– Assets under management increased to EUR 2.5 billion
– HAHN FCP with around EUR 640 million fully invested – planned institutional succession fund
Bergisch Gladbach, March 30, 2016 – The Hahn AG has used the friendly economic conditions to significantly increase its fiscal 2015 profitability. The Group was able to exceed its own targets in the three business segments new business, management and investments. Net profit more than doubled and was positively influenced by a one-off income from the successful completion of a JV investment with institutional partners.
Michael Hahn, CEO: “The 2015 business year was very successful for the Hahn Group. It was particularly gratifying that each individual business segment has contributed significantly to this good group result. We had two retail funds each placed very quickly and we were able to significantly expand the real estate assets of our institutional funds by executing selective investments. Revenues in the management segment remained at a high and stable level. The Investments segment collected investment income from a joint venture and also recorded a positive one-off effect from an asset disposal.”
The real estate assets managed by the Hahn Group increased by the end of 2015 to around EUR 2.45 billion. The number of private investors who had invested in at least one real estate fund of the Hahn Group increased due to the two new fund issues in the retail segment to 3,787 investors (previous year: 3,676). In 2015 the asset management of the Hahn Group closed leases for about 150,000 m² of retail space (previous year: 193,000 m²). The real estate transaction volume increased to EUR 360 million (previous year: EUR 242 million). The letting rate at the end of 2015 was 96.5 percent (previous year: 96.7 percent).
Earnings before taxes amounted to EUR 5.8 million (previous year: EUR 2.9 million). The consolidated earnings after tax were twice as high as in the previous year (EUR 2.4 million) with EUR 4.9 million. This corresponds to earnings per share of 0.38 euros (previous year: EUR 0.18).
The equity at 31 December 2015 increased, in particular due to the positive earnings situation, by approximately 15.0 percent to 40.5 million euros. In connection with a reduction in total assets, the equity ratio rose to 44.7 percent (previous year: 34.0 percent).
Positive Outlook
The Management Board of the Hahn Group expects, due to the low interest rate environment and the high volatility in the equity markets, that the interest of institutional and private investors in professionally managed real estate investments will remain at a high level.
The Hahn Group expects in 2016 an investment volume of approx. EUR 190 million in the business with institutional clients. In the business with private clients, Hahn plans to launch at least two so-called public-AIF with a total investment volume of EUR 50 million.
HAHN FCP fully invested: Institutional successor fund planned
Michael Hahn: “Our successful Luxembourg fund HAHN FCP-FIS German Retail Fund is fully invested since the beginning of the year. Measured by gross investment volume of around EUR 640 million it is the largest institutional fund for German large-scale retail real estate in the market. This is a great success. As early as in the second quarter of 2016 we plan to launch a succession fund for the HAHN FCP in order to meet the considerable investment interest of our institutional partners. “
The annual report 2015 is available for download at www.hahnag.de.
The Hahn Group
For more than three decades already the Hahn Group has specialised as asset and investment manager on large-scale retail properties. In its company history, the Hahn Group has successfully issued more than 170 property funds. The current assets under management total of about EUR 2.4 billion. Given its comprehensive expertise in real estate and asset management, the Hahn Group offers its private, semi-professional and professional investors a true USP in its market segment. The Group manages and controls the entire value-creation chain of the retail properties under its management at 150 different sites. This is creating value with retail space.
More information on the Hahn Group is available online at www.hahnag.de.
Contact
Hahn Group
Marc Weisener
Buddestr. 14
51429 Bergisch Gladbach
Telephone +49 2204-9490-118
E-Mail: mweisener@hahnag.de
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