TTL Beteiligungs- und Grundbesitz-AG ^
DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Keywords:
Semi-annual results / semi-annual report
TTL Beteiligungs- und Grundbesitz-AG: TTL publishes semi-annual data
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12/08/2022 / 08:15 CET / CEST
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Munich, August 12, 2022
TTL publishes semi-annual data for 2022.
* Montano expands its product range and partnerships
* Interest in DIC Asset AG from TTL Real Estate up to 8.22 percent
* Forecast for the entire year specified
TTL Beteiligungs- und Grundbesitz-AG (“TTL”, “TTL AG”) (ISIN
DE0007501009) today published its results for the first half of 2022.
released. All TTL holdings have been in the past six months
important strategic milestones have been achieved and increasingly
has fared well in the challenging market environment of the real estate investment market.
“We have holdings with successful business models
DIC Asset AG and Montano Real Estate GmbH are involved in the expansion
their current business areas and the development of new areas,
important milestones have been reached. For this TTL development
it will benefit in the future as well, ”says Theo Reichert, CEO of TTL AG.
Investments expand the core business
DIC Asset AG (“DIC”), 8.22 percent stake in TTL Real Estate
GmbH has successfully implemented the planned expansion in the logistics sector.
With the acquisition of a 60 percent stake in VIB Vermögen AG (“VIB”)
holds the position of leading office and logistics specialist in German
The commercial real estate market is clearly established and the basis for more
successful growth located.
TTL Real Estate received, in which TTL AG owns 50 percent of the shares
from DIC in the first half of 2022, payment of a dividend in the amount of
EUR 5 million (previous year EUR 4.4 million) for 2021, of which EUR 2 million
(previous year: EUR 1.3 million) in cash and EUR 3 million (previous year: EUR 3.1 million)
through the issue of 215,000 new shares in DIC. As a result and as a result
further share purchases, TTL Real Estate AG has its shares in DIC
Asset AG with 7.95 percent. up to 8.22 percent in the first half of 2022
At the same time, Montano Real Estate GmbH (“Montano”), on
TTL owns 50 percent of the shares, developing its business model like
planned: On the one hand, by expanding the logistics partnership with
Carlyle’s global investment manager. Here, the size of the portfolio has been increased to 300
million has increased. The goal is to keep increasing the overall portfolio
through acquisitions of up to EUR 500 million. Added to this was the multi-investor edition
Special fund “Montano Public Sector Fund I” with which Montano ich
A new segment has been added to the assortment. The fund acquires
only basic real estate in the area of office real estate with the state or
government users. In addition, Montano has other big ones
Transactions with known partners also lead to the first real estate acquisition
Montano own realized balance: Headquarters in Duisburg in Q1
with volumes reaching double-digit million euros. From
Montano, TTL shares generated a dividend in H1 2022.
The amount of EUR 0.8 million.
“TTL wants to continue to expand its revenue streams. That’s why we check
appropriate high-yield investment opportunities, ours
investment strategy and supplement the existing TTL portfolio “,
so Reichert on.
A solid basis for further development
As of June 30, 2022, TTL had total assets of EUR 157.6 million
(31 December 2021: EUR 161.3 million). Capital is basically
Dividend-related decline of 9.1 percent up to EUR 46.7 million (31
December 2021: EUR 51.4 million), corresponding to an equity ratio of 29.6 percent
(December 31, 2021: 31.9%). Long term
Financial liabilities slightly increased by 1.2% to 109.9
million euros slightly above the previous year’s level (31 December 2021: 108.6 million euros).
TTL is EUR 156.6 million (31 December 2021: EUR 160.0 million)
financed with equity and long-term debt. It fits with
99.4 percent of its balance sheet total (December 31, 2021: 99.2 percent).
The consolidated TTL result in the first half of 2022 is EUR 0.3 million
EUR 0.8 million in the previous year. The decline is due in particular to
compared to the previous year, lower volume of transactions and revenues at the level of
TTL subsidiaries. There is basically one reason for this
lower result of TTL Real Estate GmbH due to 0.9 million euros
lower DIC Asset AG proportional result.
Revenue from management services for associates
existed in the first half of 2022.
EUR 0.9 million compared to EUR 0.8 million in the first half of 2021.
TTL generated investment income in the first half of the year
Interest and investment income of EUR 1.0 million (previous year on the balance sheet)
EUR 1.5 million). TTL Real Estate delivered one in the first half of the year
EUR 0.4 million (previous year EUR 1.1 million, including the dormant partnership) in
Group result of TTL AG. Montano’s share of the profits came first
H1 2022 EUR 0.5 million (H1 2021: EUR 0.4 million).
At the same time, TTL interest costs decreased and remained stable
EUR 0.4 million in the reporting period (H1 2021: EUR 0.5 million). In fact
financial result (interest and investment) is 0.6 million
EUR (H1 2021: EUR 1.0 million).
The half-year result after tax is around EUR 0.5 million versus EUR 0.3 million
below the prior-year period by EUR 0.8 million. the background is in front
mainly due to lower income from holding companies
reduced transaction volume.
TTL has an attractive investment portfolio and is working on it
broadening the investment base. The company is very good at this
positioned. We expect the transactional markets to improve in the second year
Half-year recovery, and against this background, expect one
Consolidated profit before tax from 2.5 to 3.0 million euros.
Key data for the first half of the year from January 1 to June 30, 2022
TTL AG | Group according to IFRS
in thousands of euros, unless otherwise stated
Balance sheet data June 30, 2022 December 31, 2021
Financial assets 127 260 127 495
Equity 46 691 51 431
Liabilities due to long-term loans 109,916 108,583
Total assets 157 600 161 337
Key figures of the profit and loss account 1st half of 2022 1st half of 2021
Revenues 914 775
Investment income and interest 1 008 1 506
Net profit 282 836
Earnings per share (in Euro) 0.01 Euro 0.04 Euro
The full 2022 semi-annual report is available on the TTL AG website
available for download at:
About TTL Beteiligungs- und Grundbesitz-AG
TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009 / stock abbreviation
TTO) is a company specializing in the German commercial real estate market
listed holding company. The goal is how
Holding company to make profitable investments and accompany them
and develop it further in order to participate in its growth in value and
Permanently increase the earning power of TTL AG in the interests of shareholders.
TTL invests in both private and publicly traded companies
real estate companies with high dividends. TTL also participates
via platforms on real estate projects and real estate being for them
Investments from the TTL Group in addition to capital
Mezzanine financing can be made available.
The company based in Munich is represented by TTL Real Estate GmbH
Listed real estate companies with high dividends, primarily DIC
AG assets, invested. At the same time, the public is involved in:
Realization of real estate projects, creating added value of existing real estate and portfolios
and also plans to invest in other real estate portfolios in the future
invest. TTL AG has held shares in the company since the end of 2020
Montano property management company, also based in Munich
Real Estate Sp.
Contact with TTL for investors and the press
Annette Kohler Kruse
Telephone +49 89 3090 5189-23
08.12.2022 CET / CEST Publication of corporate news / financial announcement,
provided by DGAP – EQS Group AG service.
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Company: TTL Beteiligungsund Grundbesitz-AG
Telephone: +49 (0) 89 381611-0
Fax: +49 (0) 89 3915-92
E-mail: [email protected]
Exchanges: Regulated market in Frankfurt (General Standard);
Open market in Berlin, Düsseldorf, Munich, Stuttgart,
EQS NewsID: 1419079
End of news DGAP news service
1419079 08/12/2022 CET / CEST