2Yr·

***Breaking news: Adler does not receive audit opinion - share price collapses***.

The Adler Group real estate group has suffered a major setback in the ongoing dispute over its reporting system. According to its own statements, the auditor KPMG is not in a position to issue an audit opinion after the completion of the audit of the financial statements. KPMG has announced a so-called disclaimer of opinion for the 2021 consolidated and separate financial statements, Adler announced late Friday evening in Luxembourg. The share price of the real estate group slumped significantly on the trading platform Tradegate in an initial reaction.

🟥 Adler Group $ADL, 5,10€ (-34,44%)

Source: Handelsblatt: https://hbapp.handelsblatt.com/cmsid/27961168.html

11 Comments

Homer@Simpson

2Yr

So Adler is worth 600 million on the stock market and owns 62,000 apartments 🤔 so an apartment theoretically has a value of about € 10k 🤔😂 can someone enlighten me there is something wrong 😂

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Deleted User

2Yr

Comment was deleted

Divmann@Divmann

2Yr

@Simpson perhaps Schuuuulddn

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Homer@Simpson

2Yr

@meta yes, if I looked correctly, it's 3 billion 🤔 but if you sold each apartment for around 150k, it would already be 9 billion in cash 🤔 really a strange store, isn't Vonovia involved in Adler🤔

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