The supervisory board and board member of SABU eG from left: Lars Otto, Simon Tölle, Matthias Trautmann, Philipp Niemann, Rolf Wagner, Ulrich Rau (Photo: Sabu Schuh-Verbund eG/Photojockey/Claudia Steinle)
Sabu Immobilien GmbH and Sabu eG
You will do this from a new address in the near future. Sabu Immobilien GmbH acquired an office building in Kornwestheim on January 30 for renting to RSB GmbH. The bank is scheduled to move into the new office space this year. For the first time since 2010, the company called SABU Immo has a real estate stock.
With the added surpluses of the companies, the entire cooperative has achieved a total of 4.76 million euros. In 2023, the result was 5.432 million euros after a strong increase. Ulrich Rau represents the view of the cooperative: “After the strong increase, there is a slight consolidation in 2024. This is to be assessed as robust against the background of an economic environment that is still challenging.” It should be emphasized that all companies continue to make positive contributions to results. Of the profits generated and the shares in the participation, the participation income, the dividends to the companies, are then calculated – in principle by one year. In 2024, a total of 3.201 million euros were paid to the companies, about twice as much as in the previous year (2023: 1.541 million euros). “Of course you can look forward to it. The fact is that the enormous improvement in results ” only compensates for the lean previous years. Euphoria would also be out of place in that special effects will be lost in the future, the interest rate level is flattened in the future, and the market conditions will be challenging and tense,” Rau arranges. In 2025, due to the reduced profits, the participation income will also drop to EUR 2.745 million. The balance sheet profit was EUR 3.927 million in 2024. The dividend was set to 8% after the proposal by the board of directors and the supervisory board and confirmation by the members present, as in the previous year. The members and the supervisory board also relieved the members. The number of cooperative members was reduced by 70 at the end of 2024. This faces ten new additions. However, the departures are primarily due to the termination of inactive members. This can also be demonstrated by the number of business shares drawn, which only easily fell from 14,501 to 13,925. So the SABU managers are quite satisfied with the current situation. The grouping group is able to support members with added value and stability even in economically difficult times. Or, as Ulrich Rau uses a Rheinschiffer metaphor again: “What distinguishes us is our community. Entrepreneurs who control their own ship-but always dock in the safe port of the SABU. For exchange, for new tools, for orientation.”
