CGRE AG

LKB

Equity

ISIN DE000A0N3EU3 / Valor 3881806

Deutsche Boerse AG (2024-12-23)

EUR 7.10+1.43%

CGRE AG
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About company

CGRE AG is a strategic management consulting firm specializing in project management and transaction consulting for real estate companies and family offices. The company leverages the extensive experience of its leadership team, which includes professionals with backgrounds in global partnerships, corporate governance, and high-profile corporate and litigation matters. CGRE AG offers services in land use planning, building permits, financing, stock and capital markets, non-performing loans (NPL), and asset management. The firm has a strong track record in managing large-scale real estate development projects, including placements to institutional investors such as pension funds and insurance companies. With a focus on strategic advisory, CGRE AG aims to provide comprehensive solutions to its clients in the real estate sector.

Summarized from source with an LLMView SourceSector: Finance

Q4 Revenue Growth

In the fourth quarter of 2023, CGRE AG reported a revenue increase to $8,950 million, up 9.2% from $8,194 million in the same quarter the previous year. This growth reflects a robust performance across all business segments, despite challenging market conditions.

Annual Earnings Decline

For the full year of 2023, CGRE AG experienced a decline in GAAP EPS, which decreased by 26.6% to $3.15, down from $4.29 in 2022. This decline was attributed to various market-driven challenges, although the company managed to maintain strong operational performance in several areas.

Strong Q4 Net Income Increase

CGRE AG's GAAP net income for Q4 2023 dramatically increased by 487.9% to $477 million, compared to $81 million in Q4 2022. This significant rise highlights the company's effective cost management and strategic operations that yielded high profitability during the quarter.

2024 Earnings Outlook

Looking ahead to 2024, CGRE AG is optimistic, projecting a core earnings-per-share in the range of $4.25 to $4.65. This forecast suggests a mid-teens percentage growth from the previous year, indicating confidence in the company's strategic initiatives and market position.

Operational Highlights in Advisory Services

Despite a slight decline in revenue in the Advisory Services segment, CGre AG reported stable operational profits with a slight increase from $500 million in Q4 2022 to $502 million in Q4 2023. This demonstrates the segment's resilience and effective management amidst a challenging economic landscape.

Summarized from source with an LLMView Source

Key figures

828%1Y

455%3Y

%5Y

Performance

173%1Y

174%3Y

174%5Y

Volatility