CR Energy AG Shows Strong Performance in H1

In a recent report, CR Energy AG highlighted strong operational development within its portfolio companies for the first half of 2024. With a combined net income of €9.5 million, the company chose not to revalue its holdings, resulting in modest total sales of €0.1 million. This strategic decision aligns with CR Energy's conservative financial approach.

Notably, Terrabau, a subsidiary specializing in sustainable living solutions, delivered 170 residential units by mid-year and plans to add an additional 5,000 square meters of living space in H2 2024. The synergy with another subsidiary, Solartec, is evident as it equips these units with solar energy systems.

Additionally, CR Opportunities launched its first RAIF fund, with plans for an ELTIF fund by H2 2024. This fund aims to further leverage portfolio synergies by including developments from Terrabau alongside properties with value-add potential.