Waalre (pta027/31.08.2021/15:00) - August 31, 2021 - NAVSTONE SE announces its half-year financial figures as of 30 June 2021.
In the first half of the financial year 2021, NAVSTONE SE's consolidated revenues increased to euro 0.3 million (previous year: euro 0.1 million). Earnings in the first half of 2021 increased to euro 1.7 million (previous year: euro 1.0 million).
As at 30 June 2021, NAVSTONE SE's total assets amounted to euro 19.1 million (31.12.2020: euro 17.4 million). Group fixed assets amounted to euro 7.6 million as at the balance sheet date (2020: euro 2.9 million). Current assets decreased from euro 14.5 million as at 31.12.2020 to euro 11.5 million as at 30.06.2021. Equity amounted to euro 16.6 million as at 30.06.2021. The equity ratio of NAVSTONE SE was approximately 87% as at 30.06.2021.
The company repurchased 95,906 shares in the first half of 2021. The shares outstanding as of the reporting date have been reduced to 4,483,435. The net asset value (NAV) of the company increased accordingly to euro 3.70 per share.
The report for the first half of 2021 has been published on the website www.navstone.eu. Further information on NAVSTONE SE is also available there.
Outlook for the full year 2021
NAVSTONE SE performed very well in the first half of 2021. In particular, the expansion of the real estate portfolio in Dublin was advanced through the acquisition of two properties in the first half of 2021. If the positive capital market environment continues, it should be possible to close the 2021 financial year with a clearly positive result between euro 1.5 million and euro 2.5 million. In addition to the expansion of the property portfolio, the management of NAVSTONE SE has set itself the goal of increasing the NAV (net asset value) per share in the second half of 2021.
The NAVSTONE SE share price also developed positively. In particular, the difference between net asset value and share price was significantly reduced.
For further questions please contact our Investor Relations Team directly:
t.: +49 89-30659216