DEFAMA Continues to Defy Every Crisis

Deutsche Fachmarkt AG (DEFAMA) confirms the reported provisional figures for the 2021 financial year. Accordingly, with sales of €17.1 million (previous year: €14.6 million), a consolidated net profit according to HGB of €5.0 (2.5) million, or € 1.14 (0.57) per share. This included a positive one-time effect of around €2 million from the sale of a property in Bleicherode. The funds from operations (FFO), in which this one-time effect is excluded, were €7.1 (5.9) million or €1.60 (1.33) per share, an increase of 20%.

DEFAMA has thus achieved its forecasts, again, in the second Corona year. The Management Board and Supervisory Board therefore intend to propose an increased dividend from 48 to 51 cents per share at the Annual General Meeting. DEFAMA is thus continuing the shareholder-friendly policy of an annually increased distribution, which it has pursued since the company was founded, and is thus completing the 7th dividend increase in a row. The Annual General Meeting is expected to take place on July 22, 2022 in Berlin.

For 2022, DEFAMA is still aiming for an increase in FFO to around €8.5 million. Based on the increased average number of shares due to the capital increase, this corresponds to an FFO of €1.81 per share. The annualized FFO of the portfolio should reach at least €10 million by the end of the year. The target figure for the annual surplus is €3.5 million. In accordance with the communicated dividend policy, the company intends to increase the dividend again for 2022.

Published by:

Dr. Oliver Everling

Independent since 1998, he is Managing Director of RATING EVIDENCE GmbH. As visiting professor of Capital University of Economics and Business in Beijing, former chairman of the supervisory board of a rating agency, advisory board member, advisor, member of rating committees, chairman of ISO-TC Rating Services, author or publisher of books and a magazine, Independent Non-Executive Director under EU Regulation on Credit Rating Agencies, he has been or is involved in ratings from a variety of perspectives. Previously, he was for 6 years department director at Dresdner Bank and, until 1993, managing director of the Projektgesellschaft Rating mbH after a doctorate at the banking and stock exchange seminar of the University of Cologne.

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