Brief: Instone Real Estate Group Suspends FY 2020 Earnings Guidance

Instone Real Estate SE

08/05/2020 07:11

May 8 (Reuters) - Instone Real Estate Group AG  INS2.DE :
    * SAID ON THURSDAY SUSPENDS FINANCIAL YEAR 2020 EARNINGS
GUIDANCE,
POSITIVE MEDIUM-TERM OUTLOOK CONFIRMED, PRELIMINARY Q1 RESULTS
AS PLANNED
    * OBSERVES A SLOW DOWN IN CUSTOMER SALES CONTRACTS
ASSOCIATED WITH
THE COVID-19 PANDEMIC
    * PRELIMINARY Q1 ADJUSTED GROUP REVENUES EUR 99.7 MLN (Q1
2019:
EUR 84.2 MLN)
    * PRELIMINARY Q1 ADJUSTED GROUP EBIT EUR 18.0 MLN (Q1 2019:
EUR
15.7 MLN)
    * PRELIMINARY Q1 ADJUSTED GROSS PROFIT MARGIN 29.8%
    * CONFIRMS THE MID-TERM 2021 AND 2022 TARGETS FOR ADJUSTED
REVENUES
    * OUTLOOK 2021: ADJUSTED GROUP NET INCOME OF AT LEAST EUR
90.0 MLN

Source text for Eikon:  ID:nEQ86Cs5qa 
Further company coverage:  INS2.DE 

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