Brief: Instone Real Estate Group FY EBIT Up At EUR 155.7 Mln

Instone Real Estate SE

17/03/2022 06:37

March 17 (Reuters) - INSTONE REAL ESTATE GROUP SE  INS2.DE :
    * INSTONE ACHIEVES ANNUAL RESULT SLIGHTLY EXCEEDING
PREVIOUSLY
UPGRADED GUIDANCE - OUTLOOK FOR 2022 CONFIRMED
    * OUTLOOK FOR 2022 CONFIRMED
    * EUR 1.1 BILLION VOLUME OF FY CONCLUDED SALES CONTRACTS
EXCEEDS
REVISED FORECAST AND REFLECTS EXCEPTIONAL LEVEL OF DEMAND
    * FY ADJUSTED GROSS PROFIT MARGIN OF 28.3 PERCENT REFLECTS
INSTONE'S INDUSTRY-LEADING PROFITABILITY
    * MANAGEMENT BOARD AND SUPERVISORY BOARD PROPOSE EUR 0,62
DIVIDEND
PER SHARE TO BE RESOLVED BY ANNUAL GENERAL MEETING
    * FY EARNINGS AFTER TAX (EAT) OF EUR 96.9 MILLION (+135.8
PERCENT)
EXCEED PREVIOUSLY RAISED GUIDANCE OF EUR 93 - 96 MILLION
    * 2021 ADJUSTED REVENUE TOTALLED EUR 783.6 MILLION, AN
INCREASE OF
63.2 PERCENT ON PREVIOUS YEAR
    * 2021 ADJUSTED EARNINGS BEFORE INTEREST AND TAX (ADJUSTED
EBIT)
SAW A SIGNIFICANT INCREASE TO EUR 155.7 MILLION (PREVIOUS YEAR:
EUR 83.8 MILLION)

Source text for Eikon:  ID:nEQ8nK04Ca 
Further company coverage:  INS2.DE 

 (Gdansk Newsroom)
 ((Gdansk.Newsroom@thomsonreuters.com;))