on The Grounds Real Estate Development AG (isin : DE000A2GSVV5)
The Grounds Real Estate Development AG Reports Negative Profit for 2024, Projects Balanced Results for 2025
The Grounds Real Estate Development AG experienced a challenging 2024, with sales declining to EUR 12.9 million from EUR 23.8 million in the previous year. This led to a consolidated loss of EUR -13.6 million, exacerbated by a decrease in group EBIT and buyer reluctance in residential property markets. Despite these setbacks, the company improved its financial structure, completing key development projects in Berlin and Magdeburg.
A significant capital increase bolstered the company's balance sheet by EUR 20.2 million, increasing cash reserves and bringing H.I.G. Capital on board as a new anchor shareholder. The boost in cash flow has improved The Grounds' equity ratio to 30.1%.
Looking ahead, The Grounds forecasts sales between EUR 9.0 million and EUR 11.0 million in 2025, with balanced group EBIT. This outlook excludes anticipated benefits from future acquisitions and certain project developments scheduled for 2026.
R. H.
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