05.06.2025

DEFAMA Deutsche Fachmarkt AG: Strong Revenue Growth and Positive EBITDA in the First Quarter of 2025

DEFAMA Deutsche Fachmarkt AG: Strong Revenue Growth and Positive EBITDA in the First Quarter of 2025

In the first quarter of 2025, DEFAMA Deutsche Fachmarkt AG showed a pleasing business development that could be of interest to investors in the German-speaking region. Here are the key facts:

Revenue and EBITDA

  • Revenue: Revenue rose from €6.6 million to €7.4 million compared to the previous year, reflecting an increase of approximately 12%.
  • EBITDA: The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was €4.5 million, also representing an increase compared to the previous year (€4.1 million).

Other Financial Metrics

  • Net Result: The net result remained constant at €0.9 million compared to the previous year.
  • Funds From Operations (FFO): The FFO increased by 7% to €2.7 million, equivalent to €0.56 per share.
  • Result Before Taxes: This amounted to €1.2 million, unchanged from the previous year.

Business Developments

  • Portfolio Expansion: DEFAMA has expanded its portfolio to 80 locations, with a total of approximately 314,000 sqm of rental space, which is 97% leased.
  • Investment Strategy: The company focuses on small retail properties, mainly in northern and eastern Germany.
  • Acquisitions and Sales: Several properties were taken into self-management in the first quarter, while the retail center in Büdelsdorf was sold.

Forecasts and Outlook

  • Annual Forecast: The forecast for the full year of 2025 has been confirmed.
  • Dividend Development: A dividend increase to €0.60 per share for the year 2024 has been proposed.
  • Future Developments: DEFAMA plans further property purchases and has already obtained offers for refinancing to increase liquidity in the second half of the year.

Overall, DEFAMA demonstrates a positive business development in the first quarter of 2025, characterized by revenue growth and strong EBITDA. These developments could be of interest to investors in the German-speaking area, especially in the context of real estate investments in Germany.