Brief: Instone Real Estate FY EBIT Up At EUR 128.9 Mln

Instone Real Estate SE

19/03/2020 06:36

March 19 (Reuters) - INSTONE REAL ESTATE GROUP AG  INS2.DE :
    * FY ADJUSTED EARNINGS BEFORE INTEREST AND TAXES (EBIT)
INCREASE
BY AROUND 160% TO EUR 128.9 MILLION
    * FY ADJUSTED REVENUES UP BY AROUND 98% TO EUR 736.7 MILLION
    * LIMITED VISIBILITY AT PRESENT FOR 2020 FINANCIAL YEAR DUE
TO
CORONAVIRUS PANDEMIC
    * INCREASED 2019 FORECAST MET AND PARTLY EXCEEDED
    * NEGATIVE IMPACT OF CORONAVIRUS PANDEMIC MANAGEMENT BOARD
EXPECTED ADJUSTED REVENUES OF EUR 600 MILLION TO EUR 650 MILLION
    * OUTLOOK 2020: ADJUSTED GROSS PROFIT MARGIN OF 26% TO 27%
AND AN
ADJUSTED EBIT OF EUR 95 MILLION TO EUR 120 MILLION
    * LIMITED VISIBILITY AT PRESENT FOR 2020 FINANCIAL YEAR DUE
TO
CORONAVIRUS PANDEMIC

Source text for Eikon:  ID:nEQ1wHxTWa 
Further company coverage:  INS2.DE 

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