Brief: Instone Real Estate Group 9-month EBIT Up At EUR 56.7 Mln

Instone Real Estate SE

26/11/2019 06:33

Nov 26 (Reuters) - INSTONE REAL ESTATE GROUP AG  INS2.DE :
    * INSTONE REAL ESTATE: SUCCESSFUL THIRD QUARTER BRINGS
SIGNIFICANT
INCREASE IN PROFITS AND REVENUES IN THE FIRST NINE MONTHS OF
2019
    * 9-MONTH ADJUSTED REVENUES UP BY 35.9% TO EUR 302.4 MILLION
(9M
2018: EUR 222.5 MILLION)
    * FORECAST FOR FISCAL YEAR 2019 CONFIRMED
    * 9-MONTH ADJUSTED EARNINGS BEFORE INTEREST AND TAXES (EBIT)
SHOW
SIGNIFICANT IMPROVEMENT AND, CONSEQUENTLY, A NEAR TRIPLING OF
RESULTS TO EUR 56.7 MILLION (9M 2018: EUR 20.6 MILLION)
    * 9-MONTH ADJUSTED GROUP EARNINGS AFTER TAXES ALSO SHOWED
APPRECIABLE GROWTH, TOTALLING EUR 46.7 MILLION (9M 2018: EUR
-1.7 MILLION)

Source text for Eikon:  ID:nEQ8jzl3Sa 
Further company coverage:  INS2.DE 

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