Management Board of Instone Real Estate Group SE ^
DGAP-Ad-hoc: Instone Real Estate Group SE / Keywords: Forecast
Instone Real Estate Group SE: New forecast for the fiscal year 2022
08/10/2022 / 18:50 CET / CEST
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Publication of confidential information pursuant to Art. 17 of the Regulation
(EU) No 596/2014, provided by DGAP – EQS Group AG service.
The issuer / publisher is responsible for the content of the application.
New forecast for the 2022 financial year
Essen, August 10, 2022 –
The Board of Directors of Instone Real Estate Group SE (“Instone”) has a
Today’s meeting based on business development and revised
Planning has developed a new forecast for the current financial year 2022.
The management board assumes sales (adjusted) of PLN 600-675m
euro, gross profit margin (adjusted) of at least 25.0 percent i
after tax (adjusted) income in the amount of EUR 40 to 50 million.
In addition, the Management Board expects a marketing volume of approximately 350 million
The management board assumes impairment
Instone’s affordability and customer uncertainty
as a result of the sharp increase in mortgage rates
during the year, the speed of sales, and thus the realization of receipts
The availability of materials continues to be associated with significantly increased construction costs
limited so as to from lasting negative effects on
The speed of construction, and hence the implementation of the proceeds as well
a gross profit margin should be assumed.
The results of the first six are included in the new forecast
Months of the current fiscal year 2022. Revenues in the first
mid-2022 amounted to EUR 268.0 million (previous year: EUR 260.5 million),
Gross profit margin of 25.7 percent (previous year: 29.4 percent) and earnings after
Taxes of EUR 19.6 million (previous year: EUR 23.4 million).
Full half-yearly financial statements will be available August 11, 2022.
The website www.instone.de is available.
Instone Real Estate
Grugaplatz 2-4, 45131 Essen
Telephone: +49 (0) 201 45 355-137
E-mail: [email protected]
Certain statements in this release may:
are “forward-looking statements” that come with a variety of risks and
contain uncertainties. Forward-looking statements are
general use of the words “may”, “will”, “should”,
“Plan”, “expect”, “anticipate”, “estimate”, “believe”, “intend”,
“Design”, “purpose” or the negation of these or other words
variations of these words or similar terminology.
Forward-looking statements are based on assumptions, projections, estimates,
any predictions, opinions or plans as of the date of this announcement
an inherently significant risk as well as uncertainties and unknowns
subject to change. Instone makes no representations
and will not make any forward-looking statements that any of these
statements have been made or will prove to be correct. Current
future business, financial and earnings situation and prospects may change
significantly from those anticipated in the forward-looking statements or
projections vary. Instone makes no commitment to
Furthermore, it does not update or expect any forward-looking statements or
other information contained in this communication to the public
update or correct it, whether it is due to new information,
future events or for any other reason, unless so
required by law.
08/10/2022 CET / CEST DGAP distribution services include statutory
reporting requirements, corporate / financial news and press releases.
Media archive at http://www.dgap.de
Company: Instone Real Estate Group SE
Gruga Square 2-4
Telephone: +49 201 453 550
E-mail: [email protected]
Exchanges: Regulated market in Frankfurt (Prime Standard);
Open market in Berlin, Düsseldorf, Munich, Stuttgart,
EQS message ID: 1417963
End of news DGAP news service
1417963 08/10/2022 CET / CEST