Brief: Instone Real Estate Group H1 Adjusted EBIT At EUR 32.3 Mln

Instone Real Estate SE

27/08/2019 06:34

Aug 27 (Reuters) - INSTONE REAL ESTATE GROUP AG  INS2.DE :
    * H1 ADJUSTED EBIT SIGNIFICANTLY IMPROVED TO EUR 32.3
MILLION (H1
2018: EUR 11.9 MILLION)
    * H1 ADJUSTED REVENUES UP BY 25.0% TO EUR 174.2 MILLION (H1
2018:
EUR 139.4 MIO.)
    * H1 ADJUSTED GROSS PROFIT MARGIN OF 33.6% (H1 2018: 26.1%)
    * OUTLOOK FOR 2019 CONFIRMED
    * FOR MEDIUM TERM CONFIRMS FORECAST OF ADJUSTED REVENUES OF
EUR
600 MILLION TO EUR 700 MILLION IN 2020 AND EUR 900 MILLION TO
EUR 1 BILLION IN 2021
    * ALSO ISSUED A FORECAST FOR FIRST TIME FOR 2022 AND SEES
ADJUSTED
REVENUES OF MORE THAN EUR 1 BILLION FOR THAT YEAR

Source text for Eikon:  ID:nEQ1HdyTa 
Further company coverage:  INS2.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))