DGAP-Adhoc: Instone Real Estate Group AG: Preliminary Results 2018

2019. március 04., hétfő, 23:03





DGAP-Ad-hoc: Instone Real Estate Group AG / Key word(s): Preliminary Results/Annual Results


Instone Real Estate Group AG: Preliminary Results 2018


04-March-2019 / 23:03 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Instone Real Estate Group AG: Preliminary Results 2018



 



On the basis of the preliminary unaudited figures, the management board of Instone Real Estate Group AG assumes that the financial year 2018 is expected to close with adjusted consolidated earnings before taxes (adjusted Group EBT)* between 41 million euro and 42 million euro and thus higher than forecasted. In the company"s quarterly statement for the third quarter of 2018, the management board still expected a lower adjusted Group EBT for the financial year 2018 between 32 million euro and 37 million euro.



The increase over the forecast is mainly based on an improved project gross profit as well as on a better financial result. Accordingly, based on the currently unaudited figures the management board expects the gross profit margin to be more than 28 % and therefore exceeding the forecast given for the financial year 2018 of around 24 %.



In addition, the management board of Instone Real Estate Group AG provisionally expects the following adjusted results* for the financial year 2018:



- Adjusted Revenues: 370 - 375 million euro



- Adjusted EBIT: 49 - 50 million euro



- Adjusted Profit After Tax: 18,5 - 19,5 million euro



- Volume of concluded sales contracts: Approx. 460 million euro



Adjusted earnings figures include extraordinary expenses of approx. 5 million euro.



The Operating Performance, which Instone Real Estate Group AG does not use anymore as a key performance indicator due to the focus on revenues, is expected to be around EUR 430 million which is below the last forecast.



Instone currently prepares its consolidated financial statement 2018. The publication continues to be scheduled for 28 March 2019.



* 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 .



 



Contact details



Investor Relations





Instone Real Estate

Thomas Eisenlohr

Grugaplatz 2-4

45131 Essen

Tel.: +49 (0)201 45355-365

Fax: +49 (0)201 45355-904

E-Mail: thomas.eisenlohr@instone.de











04-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de























Language: English
Company: Instone Real Estate Group AG

Grugaplatz 2-4

45131 Essen

Germany
Phone: +49 201 453 550
E-mail: ir@instone.de
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 Announcement DGAP News Service




783687  04-March-2019 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=783687&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.