B-A-L Germany AG: Half-year Report 2024

Result stable - Large-scale renovation project 2024 is progressing as intended.

Meissen (pta009/16.08.2024/11:50 UTC+2)

In the first half of 2024, rental income remained steady at EUR 174 thousand. Due to ongoing modernization efforts, costs increased, resulting in a loss of EUR 5 thousand (previous year: EUR 29 thousand profit).

CEO reaffirms the guidance of achieving a pre-tax profit of EUR 50 thousand for the full year 2024 (previous year: EUR 35 thousand).

Occupancy was 94 percent, slightly below the previous year's 95 percent. The target of increasing occupancy to 97 percent remains unchanged.

Further borrowing is planned in the second half of the year to expand the inventory.

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Emitter:	B-A-L Germany AG Poststraße 5 01662 Meißen Germany
Contact Person:	Falko Zschunke
Phone:	+49 3521 459 6539
E-Mail:	f@bal-ag.de
Website:	www.bal-ag.de
ISIN(s):	DE000A2NBN90 (Share)
Stock Exchange(s):	Free Market in Stuttgart
Other Stock Exchanges:	Wiener Börse (Vienna MTF)