BRANICKS Group Triumphs Operationally Amid 2023 Financial Challenges

• Branicks Group AG reported a successful operational year in 2023 despite challenging conditions.
• The company's assets under management amounted to EUR 13.2 billion at the end of the financial year, a decrease from EUR 14.7 billion in 2022.
• Branicks reorganized its financial structures in 2023 and early 2024, securing its financing for the coming years.
• The company will not pay a dividend for the 2023 financial year in order to prioritize stabilizing its financial position.
• Branicks Group AG closed the 2023 financial year with an FFO result of EUR 51.9 million, in line with the revised forecast.
• The company is expanding its business model to include the Renewable Energy asset class, with a partnership with Encavis Asset Management AG to develop investment vehicles in the field of solar and wind power plants.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at BRANICKS Group is on 16.05.2024.

The price of BRANICKS Group at the time of the news was 1,4700EUR and was down -1,21 % compared with the previous day.
44 minutes after the article was published, the price was 1,4680EUR this corresponds to a minus of -0,14 % since publication.

BRANICKS Group

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-67,35 %

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-68,90 %

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ISIN:DE000A1X3XX4WKN:A1X3XX

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