TTL Beteiligungs- und Grundbesitz-AG: TTL group adjusts forecast for 2022

EQS News - a service by EQS Group AG - transmitted Article 17 MAR under the Regulation (EU), No 596/2014. December 2022TTL Group adjusts its forecast for 2022 TTL Basis- und Grundbesitz AG ("TTL", "TTL AG") today revised its financial year 2022 forecast. This is due to significantly altered conditions in the commercial real estate investment market, which have led to a sharp drop in transaction activity. This is due to the significant rise in interest rates, the ongoing high inflation, and uncertainty about a German recession. This market environment means that larger transactions, which were originally planned by Montano Real Estate GmbH (a 50% holding of TTL), will not be realized this year. TTL expects a negative pre-tax result for 2022 due to lower investment income. 19-Dec-2022, CET/CEST EQS Distribution Services includes Regulatory Announcements and Financial/Corporate news as well as Press Releases.Archive at __URL__1515879 19 Dec-2022 CET/CEST