Deutsche Grundstücksauktionen

DB: DGR

Market Cap€38.7m

Last Close €24.2

Deutsche Grundstücksauktionen (DGA) is market leader in the auctioning of properties in Germany. The company was founded in Berlin in 1984.

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Investment summary

Group transaction volumes rose c 44% y o y in H121 to €86.3m, with almost all Deutsche Grundstücksauktionen (DGA) group companies contributing to the improvement. This expansion results mainly from favourable pricing developments and size of properties sold, as the average price per asset increased by c 47% y-o-y. Due to its regressive commission scale, group revenues increased by 31% to €7.6m, which boosted pre-tax profit by 80% y-o-y to €2.3m on a consolidated basis, with fully owned subsidiaries contributing c €1.6m to the group’s pre-tax result. With €40.7m already submitted for Q321 auctions, DGA has increased its annual transaction volume target to €135m (from €112.7m).

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Share price graph
Price performance
%
1m
3m
12m
Actual (5.5) 9.0 36.7
Relative* (6.4) 8.1 21.9
52-week high/low €27.2/€16.8
*% relative to local index
Key management
Stefan Powels Corporate Communications

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