Instone Group: planned business development and moderate recovery of demand

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Instone Group setzt planmäßig solide Geschäftsentwicklung fort; weitere moderate Erholung der Nachfrage. Erfahren Sie mehr über die bereinigten Umsatzerlöse, Rohergebnismarge und Verkäufe der Instone Group im ersten Halbjahr 2024. Die starke Bilanz und attraktive Wachstumschancen ermöglichen zukünftige Cashflows. Prognose für 2024 bestätigt. Lesen Sie den vollständigen Artikel.
Instone Group continues solid business development as planned; Further moderate recovery in demand. Find out more about the adjusted sales revenues, raw result margin and sales of the Instone Group in the first half of 2024. The strong balance and attractive growth opportunities enable future cash flows. Forecast confirmed for 2024. Read the full article. (Symbolbild/MB)

Instone Group: Profitable Business Development Continues with moderate Demand Recovery

The Instone Group, a leading real estate development company, successfully continues your solid business development despite a still challenging market environment. The company has a moderate recovery in demand, which leads to an increase in sales. In the first half of 2024, the adjusted sales revenues amounted to EUR 255.4 million, while sales reached a value of 121.9 million euros.

The Instone Group has developed a call for high -quality projects and an efficient cost structure. This is reflected in the high -adjusted raw result margin of 25.7 percent. Despite a decline compared to the previous year, the Instone Group remains profitable and achieved a solid result after taxes of 20.5 million euros.

Demand on the institutional transaction market remains weak despite an increased interest of investors. However, the Instone Group was able to sell an institutional investor in the first quarter of 2024. The sales in the first half of 2024 clearly exceeded the previous year's level with 121.9 million euros. Another moderate revival of demand is expected for the second half of 2024.

The Instone Group has a strong balance and is well positioned to enable future growth. With initial purchases since 2022, the company was able to use attractive conditions and strengthen its project portfolio. The current project value amounts to around 7.1 billion euros, with around 90 percent of the construction projects already being sold.

Despite the current challenges, the Instone Group remains confident and confirms its forecast for 2024.

The Instone Group is a stable player in the real estate industry and benefits from its robust business development and strong balance. The further moderate recovery of demand is a positive signal for the company and indicates a positive development in the second half of 2024.

Source: press release from the Instone Group