Brief: Instone Real Estate Expects FY2019 Adjusted Revenues Of Between Eur 700 mln - Eur 750 mln

Instone Real Estate SE

16/09/2019 20:15

Sept 16 (Reuters) - Instone Real Estate Group AG  INS2.DE :
    * DGAP-ADHOC: INSTONE REAL ESTATE GROUP AG: FORECAST UPGRADE
FOR
FY 2019
    * BOARD NOW EXPECTS FINANCIAL YEAR 2019 ADJUSTED REVENUES*
OF
BETWEEN EUR 700 MILLION AND EUR 750 MILLION
    * BOARD ALSO EXPECTS FINANCIAL YEAR 2019 SALES VOLUME TO
EXCEED
EUR 1.1 BN
    * INSTONE REAL ESTATE -SEES FY 19 ADJUSTED GROUP EARNINGS
BEFORE
INTEREST AND TAXES BETWEEN EUR 110 MILLION AND EUR 125 MILLION,
EXCEEDING PREVIOUS FORECAST
    * INSTONE REAL ESTATE- MANAGEMENT BOARD HAS LOWERED ADJUSTED
GROSS
PROFIT MARGIN FORECAST FOR CURRENT FINANCIAL YEAR FROM AROUND 28
% TO AROUND 24 %
    * INSTONE REAL ESTATE GROUP- EXCLUDING SHARE DEAL, EXPECTED
ADJUSTED GROSS PROFIT MARGIN FOR 2019 FINANCIAL YEAR WOULD
REMAIN UNCHANGED AT ABOUT 28 %
    * INSTONE REAL ESTATE GROUP - THRESHOLD OF MORE THAN ONE
BILLION
EUROS OF SALES VOLUME IS EXPECTED TO BE EXCEEDED ALREADY IN FY
2019 FOR FIRST TIME

Source text for Eikon:  ID:nEQ2Tsq6Fa 
Further company coverage:  INS2.DE 

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