Estonia's Pro Kapital Grupp Q1 revenue, net profit rise

Pro Kapital Grupp AS

22/05/2026 15:31

Overview

Estonia real estate developer's Q1 revenue rose 21% yr/yr, driven by apartment handovers

Q1 net profit increased to EUR 2.8 mln from EUR 1.9 mln a year earlier

Gross profit margin improved to 38% from 34% yr/yr

Outlook

Company expects hotel demand to strengthen in Q2, but notes ongoing cost pressures

Management remains cautiously optimistic for the remainder of 2026, citing active projects and pipeline

Result Drivers

APARTMENT HANDOVERS - Revenue growth in Q1 was mainly supported by the handover of completed apartments in the Kalaranna District and Uus-Kindrali developments in Tallinn, as well as the City Villas project in Vilnius

PROJECT COMPLETION TIMING - Revenue from real estate sales is closely linked to the construction cycle and the timing of project completions

HOTEL SEASONALITY - Hotel operations saw lower occupancy and revenue due to seasonal softness, but profitability improved compared to the same period last year

Company press release: ID:nGNE2M1jX9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 2.80 mln
Q1 Gross Profit
EUR 5.70 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)