Brief: Instone Real Estate Group Expects Adjusted 2022 Revenues Of Eur 0.9 To 1.0 Billion

Instone Real Estate SE

17/11/2021 17:36

Nov 17 (Reuters) - Instone Real Estate Group SE  INS2.DE :
    * DGAP-ADHOC: INSTONE REAL ESTATE GROUP SE: FIRST TIME
OUTLOOK FOR
FINANCIAL YEAR 2022 AND REVISED GUIDANCE FOR 2021
    * INSTONE REAL ESTATE GROUP- EXPECTS ADJUSTED 2022 REVENUES
OF EUR
0.9 TO 1.0 BILLION AND 2022 ADJUSTED EARNINGS AFTER TAXES
BETWEEN EUR 90 AND 100 MILLION
    * FOR 2021, MANAGEMENT EXPECTS A HIGHER SALES VOLUME OF OVER
EUR
1.0 BILLION (PREVIOUSLY EUR > 900 MILLION)
    * FOR FY 2022, MANAGEMENT EXPECTS DELAYS IN BUILDING RIGHT
AND
BUILDING PERMIT APPROVALS RELATED TO CORONA SITUATION
    * SUPPLY BOTTLENECKS AS WELL AS DELAYS IN BUILDING PERMITS
ARE
EXPECTED TO ADVERSELY IMPACT CONSTRUCTION PROGRESS
    * FOR 2021 EXPECTS ADJUSTED REVENUES OF EUR 780 TO 800
MILLION
(PREVIOUSLY EUR 820-900 MILLION)
    * FOR 2021 ADJUSTED EARNINGS AFTER TAX ARE EXPECTED AT EUR
93-96
MILLION (PREVIOUSLY EUR 90-95 MILLION)

Source text for Eikon:  ID:nEQ34JR8wa 
Further company coverage:  INS2.DE 

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