EQS-News: The Grounds Real Estate Development AG remained on its growth track in 2022 in a more difficult market environment - positive outlook for 2023
Retrieved on:
Friday, April 28, 2023
This corresponds to an increase of more than 16% compared to consolidated sales of EUR 31.6 million in the previous year.
Key Points:
- This corresponds to an increase of more than 16% compared to consolidated sales of EUR 31.6 million in the previous year.
- Thus the balance sheet total of The Grounds has more than quadrupled within just three years.
- In the property and portfolio development area, The Grounds was able to completely sell the “Terra Homes” project in Erkner near Berlin in a forward sale during fiscal year 2022.
- The significant increase in sales was not reflected in a corresponding increase in earnings due to lower sales margins.