Instone Real Estate Group Kicks Off Year Strong, Sees Rising Demand

• Instone Group had a solid start to 2024 with adjusted revenues nearly stable at EUR 119.5 million in Q1-2024, primarily due to the construction of sold units progressing as planned.
• The company maintained a high adjusted gross profit margin of 27.4 percent, highlighting the quality of its projects and cost discipline.
• Sales amounted to EUR 88.0 million in Q1-2024, confirming a continued moderate recovery in demand.
• Earnings after tax were very solid at EUR 9.6 million, slightly above the previous year due to improvements in efficiency.
• The company's strong balance sheet remains a key pillar of its business model, with a loan-to-cost ratio of 17.3 percent.
• Instone Group has resumed acquisitions, with initial transactions in advanced negotiations. The outlook for 2024 reiterates adjusted revenues of EUR 500 to 600 million, adjusted earnings after tax of EUR 30 to 40 million, and sales of over EUR 300 million.

The next important date, Publication of Quarterly Report as of March 31, 2024, at Instone Real Estate Group is on 08.05.2024.

The price of Instone Real Estate Group at the time of the news was 9,3600EUR and was down -0,05 % compared with the previous day.
21 minutes after the article was published, the price was 9,3650EUR this corresponds to a plus of +0,05 % since publication.

Instone Real Estate Group

+1,67 %

+1,33 %

+3,52 %

+13,88 %

+53,11 %

-60,48 %

-56,62 %

-58,64 %

-58,46 %

ISIN:DE000A2NBX80WKN:A2NBX8

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