PANDION AG forecast for 2023: Group profit before taxes of 52 million euros and total performance of 485 million euros expected

PANDION AG forecast for 2023: Group profit before taxes of 52 million euros and total performance of 485 million euros expected

According to a report by www.boerse.de, PANDION AG has published an unaudited projection for the 2023 financial year. The company forecasts earnings before taxes of around 52 million euros, sales revenues of around 324 million euros and an annual net profit of around 37 million euros. In addition, the company's medium-term planning shows a positive outlook for 2024 and 2025.

PANDION AG is a leading project developer for high-quality residential and commercial projects in German A cities. Despite the current market environment, the company was able to complete four smaller transactions in 2023 and has financing partners who have completed project financing in the amount of almost EUR 1 billion.

These developments indicate that the company was able to achieve satisfactory consolidated results despite difficult market conditions. The projects in the commercial segment, such as PANDION OFFICEHOME Soul in Munich's Werksviertel, and in the residential segment make a significant contribution to this positive result.

The fact that Reinhold Knodel and Dr. Philipp Holtschmidt, board member of PANDION AG, privately invested in the corporate bond, indicates the trust of the executives in the financial stability and future of the company.

The forecast for the coming years and the strong financing partners suggest that PANDION AG will continue to play an important role in the real estate market. This could have an impact on the development of high-quality residential and commercial projects in German A cities as well as on financing options in the sector.