From strength to strength

Deutsche Grundstücksauktionen (DGA) continues to please with an “outstanding” H1, epitomised by the highest first-half gross turnover and net commission for a decade and a trebling of net income. No less encouraging is management’s confidence about the seasonally stronger H2 with a likely repeat of last year’s bumper autumn auctions and sustained favourable macro factors. Robust finances (debt-free) and a proven model should ensure that the company’s enviable dividend record is maintained.