27.11.2018 Instone Real Estate Group AG  DE000A2NBX80

DGAP-News: Instone Real Estate Group AG: Instone Real Estate continues its positive business development in the first nine months of financial year 2018


 

DGAP-News: Instone Real Estate Group AG / Key word(s): Real Estate/Quarterly / Interim Statement
Instone Real Estate Group AG: Instone Real Estate continues its positive business development in the first nine months of financial year 2018

27.11.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Instone Real Estate continues its positive business development in the first nine months of financial year 2018

- Group revenue rose to EUR 223.5 million

- Adjusted group earnings before taxes (EBT) increased to EUR 12.3 million

- Operating performance improved significantly by more than 50 % to EUR 236.4 million

- Outlook for revenue and earnings in financial year 2018 confirmed

- Project portfolio grows significantly and is the basis for sustainable profitable growth



Essen, 27 November 2018: Today, Instone Real Estate Group AG published its quarterly statement for the third quarter of financial year 2018 and is very satisfied with its results over the last nine months.

Kruno Crepulja, CEO of Instone Real Estate: "We have successfully continued our positive business development. That has confirmed our outlook for revenue and results for the full year 2018."

In the first nine months of 2018, Group revenue rose to EUR 223.5 million. Adjusted group earnings before taxes (EBT) improved to EUR 12.3 million. Instone Real Estate was also able to increase significantly its operating performance, consisting of revenue and changes in inventories, to EUR 236.4 million, thereby exceeding the figure achieved in the previous year by more than 50%.

Significant growth of the project portfolio

The value of the project portfolio also increased further and on 30 September 2018 amounted to more than EUR 3.6 billion. It now includes more than 45 projects with a total of 8,924 residential units. This positive development is primarily due to the acquisition of new projects.

Our acquisition pipeline is well filled. Alongside a wide range of further potential projects, we have already signed purchase contracts or are in advanced exclusive negotiations for 15 new projects with an anticipated cumulative sales volume of over EUR 1.3 billion and roughly 4,000 residential units. We are therefore well on track to exceeding our annual target of acquiring projects with a future sales volume of between EUR 900 million and EUR 1 billion this year.

Outlook for revenue and earnings in financial year 2018 confirmed

The positive business development in the first nine months of the current year, and development in line with plans in the fourth quarter, confirm our outlook for revenue and earnings in financial year 2018. We continue to expect revenues of between EUR 370 million and EUR 400 million. With regard to adjusted group earnings before taxes (EBT), we also confirm our outlook of EUR 32 million to EUR 37 million.

The quarterly statement for the third quarter of financial year 2018 is available for download from the company's website via the following link:

http://ir.en.instone.de/websites/instonereal/English/3100/berichte.html

 

About Instone Real Estate (IRE)

Instone Real Estate is one of Germany's leading residential developers and is listed in the Prime Standard at the Frankfurt Stock Exchange. The company develops attractive multi-family and residential buildings as well as publicly subsidized housing, designs modern urban quarters and refurbishes listed buildings for residential use. Buyers are mainly owner-occupiers, private investors and institutional investors. In 27 years, Instone Real Estate has successfully developed more than one million square metres. More than 320 employees work at eight locations nationwide. As of 30 September 2018, Instone Real Estate's project portfolio comprised 45 development projects with an expected total sales volume of roughly EUR 3.6 billion and more than 8,900 units.

 

Press contact
Instone Real Estate

c/o RUECKERCONSULT GmbH
Franziska Jenkel
Wallstrasse 16
10179 Berlin
Tel.: +49 (0)30 2844987-61
Fax: +49 (0)30 2844987-99
Email: [email protected]

 



27.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Instone Real Estate Group AG
Baumstraße 25
45128 Essen
Germany
Phone: +49 201 453 550
E-mail: [email protected]
Internet: www.instone.de
ISIN: DE000A2NBX80
WKN: A2NBX8
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

751517  27.11.2018 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 199,70 360,84 509,49 464,39 741,24 567,51 514,26
EBITDA1,2 -10,36 38,70 133,70 87,90 160,30 77,51 57,00
EBITDA-Marge3 -5,19 10,72 26,24 18,93 21,63 13,66
EBIT1,4 -10,80 38,11 86,08 80,72 117,23 72,73 52,03
EBIT-Marge5 -5,41 10,56 16,90 17,38 15,82 12,82 10,12
Jahresüberschuss1 -30,96 9,03 69,78 33,69 81,28 39,77 18,97
Netto-Marge6 -15,50 2,50 13,70 7,25 10,97 7,01 3,69
Cashflow1,7 -34,47 -40,40 -205,09 119,88 43,91 70,17 107,68
Ergebnis je Aktie8 -0,84 0,18 1,78 0,81 1,77 0,88 0,46
Dividende8 0,00 0,00 0,00 0,26 0,62 0,35 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Instone Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2NBX8 8,930 419,61
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,40 14,32 0,89 19,84
KBV KCV KUV EV/EBITDA
0,75 3,90 0,82 10,64
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,35 0,33 3,70 14.06.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.05.2024 08.08.2024 07.11.2024 19.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
11,54% 34,31% 22,33% 16,43%
    
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Immobilien (Wohn) , A2NBX8 , INS , XETR:INS