ECM Real Estate Investments

File:City Tower Praha 20080514.JPG, tallest building in Prague. ECM bought it unfinished in 1999 and sold it in 2009.]]

ECM Real Estate Investments A.G. is bankrupted real estate developer based in Luxembourg, that was active mostly in Czech Republic, but also in China, Poland or Russia.

Company was founded in 1991 by Michal Janků,{{Cite web |last=Gallistl |first=Vladan |date=2011-06-10 |title=ECM Group Milana Janků prodává akcie developerské ECM |url=https://www.tyden.cz/rubriky/byznys/cesko/ecm-group-milana-janku-prodava-akcie-developerske-ecm_204197.html |access-date=2022-03-28 |website=TÝDEN.cz |language=cs}} he is now still its CEO and through ECM Group N.V. largest shareholder (77%) of the company.[http://ftp.pse.cz/Annual.rep/ecmx012011.pdf ECM 2010 Annual Report]{{Dead link|date=July 2019 |bot=InternetArchiveBot |fix-attempted=yes }} Company owned inter alia two tallest buildings in the Czech Republic - City Tower and City Empiria. In 2006 company went on IPO on Prague Stock Exchange{{Cite web |last=Menzelová |first=Kateřina |date=2011-07-21 |title=ECM heads for bankruptcy as int'l investors fight move |url=http://ceskapozice.lidovky.cz/tema/ecm-heads-for-bankruptcy-as-int-l-investors-fight-move.A110721_084501_pozice_29277 |access-date=2022-03-28 |website=Lidovky.cz}} with price per stock 1,318 CZK (47 EUR), getting market capitalization 262.7 mil. EUR{{Cite web |title=Byznys, politika, ekonomika, finance, události - E15.cz |url=https://www.e15.cz/ |access-date=2022-03-28 |website=www.e15.cz |language=cs}} Stocks became part of PX Index and eventually reached price 2,000 CZK per share.

Mainly as result of the Great Recession, the company went bankrupt in May 2011[https://isir.justice.cz/isir/ueu/evidence_upadcu_detail.do?rowid=AAAE1DAAiAAP%2FJfABe Detail insolvenčního řízení ECM REAL ESTATE INVESTMENTS A.G.] and went into liquidation in July 2011. In 2012 liquidation was changed to reorganization,https://isir.justice.cz/isir/doc/dokument.PDF?id=3960489 {{Bare URL PDF|date=March 2022}} but reverted to liquidation in February 2013.[http://praguemonitor.com/2013/02/11/prague-court-declares-developer-ecm-bankrupt Prague Monitor: Prague court declares developer ECM bankrupt]

Before its bankruptcy, ECM was involved in the development of V Tower in Prague.{{cite web|url=http://zpravy.idnes.cz/v-tower-pankrac-mrakodrap-praha-d3s-/domaci.aspx?c=A150908_224603_domaci_aha|title=V Praze roste luxusní mrakodrap, byt v oblacích vyjde na sto milionů|date=9 September 2015|work=Mladá fronta DNES|publisher=iDnes|language=Czech|accessdate=9 September 2015}}

Financial data

class="wikitable"

|+ Financial Data in Euro Thousands

! Year-end

! 2005

! 2006{{Cite web |url=http://www.ecm.cz/ECM/media/Documents/download/annual-report-2008.pdf |title=ECM 2008 Annual Report |access-date=2011-10-28 |archive-url=https://web.archive.org/web/20120425120009/http://www.ecm.cz/ECM/media/Documents/download/annual-report-2008.pdf |archive-date=2012-04-25 |url-status=dead }}

! 2007

! 2008

! 2009

! 2010

! 2011{{Cite web |url=http://ftp.pse.cz/Annual.rep/2011/ecmx012012.pdf |title=ECM 2011 Annual Report |access-date=2013-03-22 |archive-url=https://web.archive.org/web/20131229060219/http://ftp.pse.cz/Annual.rep/2011/ecmx012012.pdf |archive-date=2013-12-29 |url-status=dead }}

[https://ghemassageklc.com/ ghemassageKLC]

Total revenue

| 2,136

| 8,315

| 19,339

| 35,793

| 36,851

| 27,039

| 12,046

Net income

| 20,710

| 18,955