Expected record financial results for 2021 confirmed

June 2022

Following the completion and audit of the consolidated financial statements for 2021, it has been officially confirmed that 2021 was by far the most successful financial year in the history of PANDION. Consolidated earnings marked a high point at EUR 161 million (earnings before taxes: EUR 224 million), and EBITDA also rose from around EUR 93 million in 2020 to just under EUR 258 million. In the residential segment, PANDION achieved a sales volume of more than EUR 300 million for the first time and thus posted a significant increase compared to the previous year. Overall, the sales volume of our company in 2021 amounted to over EUR 1 billion.

"The very good figures once again underline the crisis-proof nature of our business model. Our diversified project pipeline with many residential and office projects in German A-cities is proving its worth. In the first half of 2022, we have already achieved a sales volume of more than EUR 100 million and achieved major leasing successes in the commercial sector," says Reinhold Knodel, CEO and owner of PANDION AG.

With our Annual Report 2021, we present insights into our annual financial statements, introduce you to residential and commercial projects that have contributed significantly to this success and have also compiled the most important information about PANDION.

You can find the 2021 Annual Report here.