Annual Financial Statements for 2021
DEAS Group delivers fine results and puts greater focus on social and sustainable responsibility.
Today, DEAS Group publishes its Annual Financial Statements and Corporate Social Responsibility Report for 2021.
In 2021, DEAS Group achieved an increase in revenue of 18% compared to 2021. Revenue amounted to DKK 777.2 million, compared to DKK 657.6 million in 2020, with EBITDA at DKK 79.4 million in 2021. The result for the year was a profit of DKK 32.2 million after tax.
It’s been a year of great business growth. International investors in particular have chosen to partner with DEAS, with an improvement in earnings from the underlying business, which is nonetheless affected by significant one-off costs of more than DKK 20 million relating to the acquisition of activities in 2021 etc. It is wonderful to see that the efforts of our many highly skilled and dedicated employees achieved such fine results. 2021 was a year in which we launched a major change process in DEAS Group, of which we will really begin to see the results in 2022. We must become a partner creating even more value as an adviser to our investors,
says Rikke Lykke, Group CEO, who joined DEAS Group in August 2021.
Investments in digital innovation must support our investors and tenants
The revenue increase in 2021 is due in particular to DEAS Group’s acquisition in the past year of the Nordic asset management business of Aberdeen Standard Investments, welcoming new Swedish, Norwegian and Finnish colleagues and investors.
We can already see a number of synergies from the integration, particularly within sustainability, for which our Nordic colleagues have a strong reporting structure and set-up to safeguard environmental, social and management aspects. This is an approach that also fulfils the requirements of our Danish investors,
says Rikke Lykke.
In 2021, DEAS Group established an innovation team that focuses on combining proptech solutions and data to gain greater insights into the real estate portfolios.
Data is a key element in meeting the needs of investors and tenants. There is great potential in all the data we hold, and this potential is currently not being exploited. We’re now working on resolving this,
says Rikke Lykke.
The team is also in the process of automating a number of the workflows for the more than 900 employees of DEAS Group. The aim is to halve the time employees spend on manual administrative work, giving more time for advice and increased service.
We want to be accountable in relation to social and environmental sustainability
Together with the Annual Financial Statements, DEAS Group is also launching the Group’s CSR report for 2021, which also shows good progress in achieving a number of the social and green goals.
Our key task is to create value for our investors on all parameters. We want to be accountable not only financially, but just as much in relation to social and environmental sustainability. For the second year, we are reporting on a number of key ESG indicators,
says Rikke Lykke.
In 2021, DEAS Group among other things achieved sustainable certification of 7.3% of the square metres managed. This sets a high pace towards achieving the target of sustainable certification of 10% of the square metres managed, equivalent to around 1.3 million m2, by 2025.
In 2021, DEAS Group also came very close to reaching the 2025 target for DEAS’ managed properties to hold energy label C, on an aggregate basis.
Our employees are passionate about real estate and making a difference, and they’ve achieved some great results in the ESG field. We’ll now set the bar even higher, and in 2022 we will also increase our efforts within social sustainability, together with investors and tenants,
says Rikke Lykke.
Most recently, DEAS Group has become a founding partner of RealCare, a charitable association that focuses on helping vulnerable children and young people in Denmark.
Read more about DEAS Group’s strategy for sustainability, specific goals and focus areas in the CSR Report for 2021.
Published 27. April 2022