Press Release | Frankfurt am Main, 10th May 2024

Lübke Kelber AG publishes 2024 Half-Year Report

EQS News: Frankfurt a. M., 30 September 2024

 

The Lübke Kelber AG (ISIN: DE000A35JR33), parent company of the Lübke Kelber Group, today published its financial results for the first half of 2024.

As a holding company without its own operational business, the company achieved other operating income of EUR 470k (previous year: EUR 0.0) in the first half of 2024, resulting from the business management and service agreement concluded between Lübke Kelber AG and its operating subsidiary, Dr. Lübke & Kelber GmbH. Personnel costs amounted to EUR 461k in the first six months of the 2024 financial year (previous year: EUR 5k), representing the largest cost item for Lübke Kelber AG. The net loss for the period in the first half of 2024 amounted to EUR -187k (previous year: EUR -240k).

The company's equity increased significantly compared to the previous year, standing at EUR 17.7 million (previous year: EUR 0). This results in an equity ratio of 73%. The significant increase in equity is due to the contribution of the operating business of Dr. Lübke Kelber GmbH through a non-cash capital increase carried out in November last year.

In the transaction business, Dr. Lübke & Kelber GmbH was unable to decouple itself from the challenging market environment. Including special effects resulting from a merger, the subsidiary recorded a negative pre-tax result of EUR -1.2 million.

Looking at a promising project pipeline, a recovery in the transaction business is expected in the second half of the year.

For Lübke Kelber AG, a positive pre-tax result is anticipated for the full year 2024 due to profit shares from the operating business.

The 2024 Half-Year Report of Lübke Kelber AG is available at Financial Reports of Lübke Kelber AG (luebke-kelber-ag.de).

About Lübke Kelber

Lübke Kelber is a diversified, medium-sized real estate specialist with over 55 years of market and property expertise. The company operates nationwide with more than 90 specialists and offices in Berlin, Frankfurt, Munich, Stuttgart, Düsseldorf, Dresden, and Leipzig. As part of an international alliance around Gerald Eve LLP, the company also offers its clients global market access. Lübke Kelber's long-standing commitment to quality, combined with continuity and reliability, ensures a high success rate in sales mandates for its clients. In addition to transaction advisory in the residential and commercial real estate sectors, Lübke Kelber also provides institutional investors with a platform for asset and investment management in Germany.

More information is available at https://luebke-kelber-ag.de/.

Contact Investor Relations / Financial Media:

IR.on AG
Frederic Hilke
+49 (0)221-914097-0
Luebke-Kelber@ir-on.com

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