Eindhoven, August 26, 2022 – NAVSTONE SE, listed on the m:access of the Munich Stock Exchange (ISIN NL0009538008 / WKN A1CUJD), reports on its financial figures in the first half of 2022 and the current business development.
NAVSTONE SE performed well in the first half of 2022. Sales increased slightly to € 0.30 million in the reporting period (previous year: € 0.27 million). The after-tax result amounted to around € 0.5 million after € 1.7 million in the previous year. Equity amounted to € 17.0 million as of June 30, 2022 (December 31, 2021: € 16.6 million); this corresponds to an equity ratio of around 78%. Total assets as of June 30, 2022 amounted to € 21.7 million. The net value of the assets held by the company as of the reporting date June 30, 2022 amounts to approximately EUR 17.0 million. With 4,401,235 shares outstanding as of the reporting date, the NAV of the company accordingly amounts to EUR 3.86 per share. For the full year 2022, NAVSTONE SE is planning, depending on the current capital market environment, earnings of over € 1.0 million.
In particular, the expansion of the real estate portfolio in Dublin was driven forward as planned in recent months. The total value of the real estate portfolio at the half-year 2022 was around EUR 8.0 million and at August 2022 around EUR 10.5 million. In addition to the existing portfolio, reservations exist for 3 further properties with a total value of around EUR 5.5 million. The completion of the acquisition of the additional properties is expected in the next months after successful due diligence. In total, this would increase the portfolio to around EUR 16 million with annualized rental income of around EUR 1.2 million. Furthermore, the company has invested EUR 2.5 million in two real estate projects in Germany with a term of up to 12 months.
The half year report is available on the website www.navstone.eu.
For further information please contact our investor relations team directly:
t.: +49 89-30659216