“CORESTATE works customer-oriented at all times and understand our needs as an institutional investor. The cooperation is always trustful and goal-oriented.”
CORESTATE continues on its course of dynamic and profitable growth. After nine months, its aggregate revenues amounted to EUR 83.4 million, more than 111% higher than for the prior-year period (EUR 39.6 million). The adjusted net profit for the year grew by 121% to EUR 26.9 million (prior-year period: EUR 12.1 million).
The rating agency Standard & Poor's has assigned its "BB+" long-term corporate credit rating with stable outlook to CORESTATE. The rating underscores CORESTATE's strong business model with a high share of recurring income as well as strong positioning in the market.
CORESTATE has announced that it has applied for admission of its shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. First day of trading is expected for 2 November 2017.
*at year end 2017