Press

Red Rock Capital AG published forecast for financial year 2019

Hanover, 11. December 2019  |  Ad hoc announcements

DGAP-Ad-hoc: Red Rock Capital AG / Key word(s): Half Year Results / Forecast
Red Rock Capital AG published forecast for financial year 2019

11.12.2019 / 22:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc Disclosure pursuant to Art. 17 Market Abuse Regulation

Red Rock Capital AG published forecast for financial year 2019

Langenhagen – Hanover, 11 December 2019 – Red Rock Capital AG (ISIN DE000A1RFML1) published a forecast for the financial year 2019 given the preliminary figures for the first half of 2019 that are now available.

After the company generated a clearly positive result in the financial year 2018 with the sale of former shares, in the current financial year 2019 mainly expenses incurred in the course of the establishment of a new business model. Accordingly, a negative result (EBIT) of 300 to 330 TEUR was generated in the first half of 2019. For the current second half of the year, too, the Management Board expects a similar development and therefore anticipates a total negative EBIT of 650 to 750 TEUR for 2019.

As some of the measures planned at the beginning of the year did not develop as expected, Roland Schreiber, who is the Executive Board since October, has begun to adjust the corporate strategy in close coordination with the Supervisory Board. Thus, the shares and real estate acquisitions originally planned for January will not be pursued. Instead, the current shareholding structure will be rearranged and, in a first step, the purchase of existing properties is considered in order to cover current expenses. In a next step, smaller construction projects will be examined for a possible acquisition.


Contact:

Red Rock Capital AG
Roland Schreiber, Board
Rotekreuzstraße 33
30627 Hanover
Germany

Phone: +49 (0)511 5910 8894
Fax: +49 (0)511 6743 1958

Email: info@redrock-capital.ag
Web: www.redrock-capital.ag

Hanover, 11. December 2019  |  Ad hoc announcements
go back
Logo

© Copyright 2018-2020 Red Rock Capital AG

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close