Brief: Instone Real Estate Expects Adjusted Revenues Of 733 Mln Euro To 738 Mln Euro For Fiscal Year 2019

Instone Real Estate SE

19/02/2020 19:27

Feb 19 (Reuters) - Instone Real Estate Group AG  INS2.DE :
    * DGAP-ADHOC: INSTONE REAL ESTATE GROUP AG: PRELIMINARY
RESULTS
2019
    * FOR FISCAL YEAR ENDED 31 DEC 2019, MANAGEMENT BOARD
EXPECTS
ADJUSTED GROSS PROFIT MARGIN TO EXCEED 25 %
    * EXPECTS ADJUSTED REVENUES OF 733 MILLION EUROS TO 738
MILLION
EURO FOR FISCAL YEAR 2019
    * MANAGEMENT BOARD EXPECTS VOLUME OF SALES CONTRACTS AROUND
1.4
BILLION EURO FOR FISCAL YEAR 2019
    * INSTONE REAL ESTATE GROUP -BASED ON PRELIMINARY FIGURES
FOR FY
ENDED 31 DEC 2019, SEES ADJUSTED GROUP EBIT TO BETWEEN 128
MILLION EURO AND 130 MILLION EURO
    * INSTONE REAL ESTATE GROUP - FOR FISCAL YEAR ENDED 31 DEC
2019,
SEES ADJUSTED CONSOL EARNINGS BEFORE INTEREST AND TAXES BETWEEN
128 MILLION EURO - 130 MILLION EURO

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

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