Last €3.50 EUR
Change Today +0.131 / 3.89%
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As of 2:00 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

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09/12/14 - €4.00
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01/29/14 - €2.47
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westgrund ag (WEG1) Details

Westgrund AG (DB:WEG1) is a real estate investment holding. Through its subsidiaries it focuses on investments in residential properties with 50 to 1,000 units and offers estate agent as well as property management services. The firm also seeks to acquire housing companies, estate agents, project development firms as well as real estate asset managers. Its geographical focus is Germany. The firm was founded in 1990 and is based in Remscheid, Germany.

Founded in 1990

westgrund ag (WEG1) Top Compensated Officers

Chief Executive Officer and Member of Managem...
Total Annual Compensation: €280.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €60.0K
Compensation as of Fiscal Year 2013.

westgrund ag (WEG1) Key Developments

Westgrund Aktiengesellschaft Announces Group Earnings Results for the Nine Months Ended September 2014

Westgrund Aktiengesellschaft announced group earnings results for the nine months ended September 2014. For the period, the company managed to significantly increase its revenues by 53.8% from EUR 10.6 million in 2013 to EUR 16.3 million in 2014. Pre-tax profit was EUR 34.1 million, up substantially from EUR 11.2 million during the same period last year. Post tax profit amounted to EUR 28.5 million after EUR 9.1 million last year. The operationally more relevant measure funds from operations without sales was EUR 1.74 million. Operating EBITDA came out at EUR 7.0 million, again up significantly from the same period last year. Net asset value already reached EUR 293 million at the end of the third quarter 2014.

Westgrund AG Names Andrea Frese as Head of Capital Markets

Westgrund AG named Mrs. Andrea Frese in the newly created position of Head of Capital Markets. She worked previously for Bank of America Merrill Lynch in the Corporate Broking and Equity Capital Markets team. Andrea Frese will closely work with management and will focus on the capital market communication as well as public relations work.

Westgrund AG Reports Earnings Results for the First Half Year Ended June 2014

Westgrund AG reported earnings results for the first half year ended June 2014. Net profit of the company fell to EUR 6.7 million (USD 8.94 million) in the first half of 2014 from EUR 7.1 million a year earlier due to effects related to the market valuation of interest-rate swaps. Pre-tax profit fell slightly to EUR 8.3 million from EUR 8.5 million a year ago. However, revenue soared 56% to EUR 9.4 million helped by the sharp increase in rental income following the portfolio expansion.


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Valuation WEG1 Industry Range
Price/Earnings 3.2x
Price/Sales 4.5x
Price/Book 0.4x
Price/Cash Flow 6.9x
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