Brief: Instone Real Estate Adjusted H1 2020 EBIT Decreased By 11.6% To EUR 28.2 Mln

Instone Real Estate SE

26/08/2020 22:50

Aug 26 (Reuters) - Instone Real Estate Group AG  INS2.DE :
    * DGAP-NEWS: INSTONE REAL ESTATE GROUP AG: INSTONE REAL
ESTATE
RAISES MID-TERM ADJUSTED REVENUE TARGET TO EUR 1.6-1.7BN;
CAPITAL INCREASE TO FUND STEP CHANGE IN GROWTH; Q2-EARNINGS
AFFECTED BY COVID-19
    * ADJUSTED H1-REVENUES OF EUR 179.6M IMPLY MODEST
YEAR-ON-YEAR
GROWTH (+3.1%)
    * ADJUSTED H1 2020 EARNINGS AFTER TAX DECREASED BY 45.4% TO
EUR
13.7M (H1 2019: EUR 25.1M)
    * ADJUSTED H1 2020 EBIT DECREASED BY 11.6% TO EUR 28.2M

Source text for Eikon:  ID:nEQ4qhRlda 
Further company coverage:  INS2.DE 

 ((Reuters.Briefs@thomsonreuters.com;))