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Deutsche Wohnen SE Reports Narrower Loss and Revenue Growth

Deutsche Wohnen SE reported a narrower net loss in fiscal 2024 and an increase in adjusted EBITDA, driven by revenue growth in property management. The company expresses confidence for 2025 and beyond.

Date: 
AI Rating:   7

Overview of Financial Performance
Deutsche Wohnen SE's fiscal 2024 results show a significant improvement in its financial health. The company reported a narrower net loss of 590.5 million euros, a notable reduction from the previous year's loss of 2.70 billion euros.

Earnings Per Share (EPS)
The loss per share was reported at 1.49 euros, compared to a loss of 6.80 euros per share a year prior, indicating a positive shift and potential for a more favorable stock performance.

Revenue Growth
Revenue from property management has increased to 1.38 billion euros, up from 1.31 billion euros the previous year, demonstrating a positive trend in operational performance.

Adjusted EBITDA
The total adjusted EBITDA increased by 1.4 percent, reaching 643.8 million euros. This improvement underscores the company’s ability to enhance its profitability despite ongoing challenges.

Outlook for Future Growth
The company has expressed confidence about stable business development in 2025 and anticipates adjusted EBITDA will significantly surpass that of the previous year, primarily due to positive rental growth and rising price expectations in the Development segment.

Net Income and Pre-Tax Loss
While adjusted EBT showed a slight drop, the trend indicates an overall recovery compared to previous years, with a pre-tax loss of 567.9 million euros, significantly lower than last year’s large loss.

Stocks:  DWHHF