07.05.2020 Instone Real Estate Group AG  DE000A2NBX80

DGAP-News: Instone Real Estate Group AG: Instone suspends financial year 2020 earnings guidance, positive medium-term outlook confirmed, preliminary Q1 results as planned


 

DGAP-News: Instone Real Estate Group AG / Key word(s): Forecast
Instone Real Estate Group AG: Instone suspends financial year 2020 earnings guidance, positive medium-term outlook confirmed, preliminary Q1 results as planned

07.05.2020 / 18:46
The issuer is solely responsible for the content of this announcement.


 

Instone suspends financial year 2020 earnings guidance, positive medium-term outlook confirmed, preliminary Q1 results as planned

Instone Real Estate Group AG's ("Instone") Management Board suspends its forecast for financial year 2020 due to the significant uncertainties associated with the COVID-19 pandemic. While construction activity at Instone is progressing as planned, Instone is currently observing a slow down in customer sales contracts associated with the COVID-19 pandemic.

Based on the preliminary (unaudited) figures for Q1 2020, Instone has had a good start into the 2020 financial year in line with its projections. Accordingly, adjusted group revenues* of EUR 99.7m (Q1 2019: EUR 84.2m) and adjusted group EBIT* of EUR 18.0m (Q1 2020: EUR 15.7m) are both exceeding previous year's level. Instone's adjusted gross profit margin for the past quarter amounts to 29.8% clearly underscoring the quality of Instone's projects and the company's execution capabilities.

The Management Board confirms the mid-term 2021 and 2002 targets for adjusted revenues (2021: EUR 900.0m to EUR 1.0bn; 2022: > EUR 1.0bn) on the basis of an expected gradual improvement of the economic environment.

For 2021, Instone also expects an adjusted net income* at group level of at least EUR 90.0m. The Management Board's intention to distribute a share of around 30% of adjusted net income as a dividend to shareholders, starting in 2021 for fiscal year 2020, remains unchanged.

With cash on hand and unused corporate level loan facilities of around EUR 250m as well as available unused lines for project level financings of approximately EUR 240m (as of 31 March) Instone remains well positioned to benefit from future market opportunities.

"The structural growth drivers of our business model and the attractiveness of German residential as an asset class remain fully intact, despite current temporary weakness. Instone is ideally positioned and we are confident that the current market environment will offer additional attractive growth opportunities for our company", says Instone CEO Kruno Crepulja.

The quarterly statement for Q1 2020 will be published as scheduled on May 28, 2020.

* The definitions of the alternative performance measures mentioned in the notification can be found in the glossary on the company's website under http://ir.de.instone.de/websites/instonereal/English/3400/glossary.html

Kontaktdetails

Instone Real Estate Group AG
Investor Relations
Burkhard Sawazki
Grugaplatz 2-4
45131 Essen
Tel.: +49 (0)201 45355-137
E-Mail: [email protected]



07.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Instone Real Estate Group AG
Grugaplatz 2-4
45131 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
EQS News ID: 1039339

 
End of News DGAP News Service

1039339  07.05.2020 

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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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