B-A-L Germany AG: Profit increase with stable turnover

Meissen (pta039/21.11.2022/21:56 UTC+1)

B-A-L Germany AG continued its consolidation course in the first half of 2022 (from 01.01.2022 to 30.06.2022). With the housing stock remaining unchanged and the refurbishment and modernization program largely completed, the result for the first half of the year increased to EUR 10.8k. The main driver was the reduction of vacancies.

Costs were reduced by a further 21%, interest expenses by 4%.

Further borrowing is planned for the second half of the year in order to continue the expansion of the portfolio.

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Emitter:	B-A-L Germany AG Poststraße 5 01662 Meißen Germany
Contact Person:	Falko Zschunke
Phone:	+49 3521 459 6539
E-Mail:	f@bal-ag.de
Website:	www.bal-ag.de
ISIN(s):	DE000A2NBN90 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Vienna MTF)
Other Stock Exchanges:	Freiverkehr in Stuttgart