Brief: Instone Real Estate FY Adj. Earnings After Tax At EUR 41.1 Mln

Instone Real Estate SE

18/03/2021 06:43

March 18 (Reuters) - INSTONE REAL ESTATE GROUP AG  INS2.DE :
    * FY ADJUSTED EARNINGS AFTER TAX (EAT) OF EUR 41.1 MILLION
AND A
GROSS MARGIN OF 30.5 PERCENT
    * STRONG DEMAND FOR INSTONE PRODUCTS ALSO CONTINUES INTO
2021
    * FY ADJUSTED REVENUE OF EUR 820 TO 900 MILLION; ADJUSTED
EARNINGS
AFTER TAX OF EUR 90 TO 95 MILLION
    * FY ADJUSTED EBIT) AMOUNTED TO EUR 83.8 MILLION (PREVIOUS
YEAR:
EUR 129.6 MILLION)
    * DISTRIBUTION OF AN INAUGURAL DIVIDEND OF EUR 0.26 PER
SHARE
    * OUTLOOK 2021: ADJUSTED REVENUES OF BETWEEN EUR 820 AND 900
MILLION AND ADJUSTED EARNINGS AFTER TAX OF BETWEEN EUR 90 AND 95
MILLION WILL BE ACHIEVED
    * OUTLOOK 2021: INTENDS TO KEEP ITS DIVIDEND POLICY, WITH A
PAYOUT
RATIO OF 30.0 PERCENT OF EAT

Source text for Eikon:  ID:nEQ3RFmCRa 
Further company coverage:  INS2.DE 

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