Instone | Jotup

EQS-News: Instone continues its very solid performance in a still challenging environment

Retrieved on:

Thursday, August 10, 2023

As a result, Instone is well on track to achieve its financial forecast for the full year 2023 despite the ongoing difficult market environment.

Key Points:

As a result, Instone is well on track to achieve its financial forecast for the full year 2023 despite the ongoing difficult market environment.
A moderate recovery in demand in unit sales to private investors from a low level can be observed in recent months.
Instone continues to benefit from the high proportion of projects that have already been pre-sold and have a total volume of around EUR 2.9 billion.
Instone has a strong balance sheet, which is a key competitive advantage in the current market environment.

EQS-News: Instone Real Estate Group SE: AGM approves dividend distribution of EUR 0.35 per share; Sabine Georgi and Stefan Mohr new members of the Supervisory Board

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Thursday, June 15, 2023

Instone Real Estate Group SE: AGM approves dividend distribution of EUR 0.35 per share; Sabine Georgi and Stefan Mohr new members of the Supervisory Board

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Instone Real Estate Group SE: AGM approves dividend distribution of EUR 0.35 per share; Sabine Georgi and Stefan Mohr new members of the Supervisory Board
The issuer is solely responsible for the content of this announcement.
Instone Real Estate Group SE: AGM approves dividend distribution of EUR 0.35 per share; Sabine Georgi and Stefan Mohr new members of the Supervisory Board
Essen, 14.
Due to the Covid-19 pandemic the AGM was held as a virtual shareholders' meeting for the past three years.
All other resolutions proposed by the Management Board and the Supervisory Board were also approved by a large majority at the AGM.

EQS-News: Instone Real Estate Group SE: Instone starts the year well despite persistently difficult environment

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Thursday, May 11, 2023

Instone Real Estate Group SE: Instone starts the year well despite persistently difficult environment

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Instone Real Estate Group SE: Instone starts the year well despite persistently difficult environment
The issuer is solely responsible for the content of this announcement.
Adjusted revenues in the first quarter of 2023 amounted to EUR 123.5 million, slightly above the previous year's level (Q1-2022: EUR 118.5 million).
Instone continues to benefit from the high proportion of projects that have already been pre-sold and have a volume of around EUR 3.0 billion.
The adjusted gross margin was 27.4 percent in the first quarter of 2023 (Q1-2022: 29.7 per cent), still an attractive and industry-leading level despite the difficult environment for the sector.

EQS-News: Instone Real Estate Group SE announces CFO change

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Wednesday, April 26, 2023

IPO, Lilja, Faravahar, Lazard, Partnership, Supervisory board, CFO, SE, Security (finance), Management, Instone

Foruhar Madjlessi has decided to relocate for personal reasons and, consequently, leave the company on July 31, 2023.

Key Points:

Foruhar Madjlessi has decided to relocate for personal reasons and, consequently, leave the company on July 31, 2023.
At the same time, the supervisory board has appointed David Dreyfus as new CFO and board member of the company, effective September 1, 2023.
“The entire supervisory board of Instone Real Estate Group SE is pleased to have secured David Dreyfus, a proven corporate finance expert, as CFO.
David Dreyfus has already proven his ability to add value to Instone in his capacity as corporate finance advisor in the past.

EQS-News: Instone Real Estate Group SE achieves good result in a difficult environment with a largely stable earnings outlook for 2023

Retrieved on:

Thursday, March 16, 2023

Overall, the business developed in line with expectations and reached the upper end of the targeted earnings range.

Key Points:

Overall, the business developed in line with expectations and reached the upper end of the targeted earnings range.
The sharp rise in interest rates has affected the affordability of real estate purchases and triggered increased short-term uncertainty among private and institutional investors.
The adjusted gross margin was 25.3 percent (2021: 28.3 percent), still an attractive and industry-leading level despite the more difficult operating environment.
The definitions of the key performance indicators mentioned in the statement can be found in the glossary on the company's homepage at: Glossary: Instone Real Estate Group SE

EQS-News: Instone Real Estate Group SE: Q3 results in line with expectations; near term de-risked cash flow from under construction projects >€600m; 2022 guidance confirmed

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Friday, November 11, 2022

Instone Real Estate Group SE: Q3 results in line with expectations; near term de-risked cash flow from under construction projects >600m; 2022 guidance confirmed

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Instone Real Estate Group SE: Q3 results in line with expectations; near term de-risked cash flow from under construction projects >600m; 2022 guidance confirmed
The issuer is solely responsible for the content of this announcement.
In the first nine months of the 2022 financial year, adjusted revenues remained above the previous year's level.
However, the rapid rise in interest rates has affected the affordability of real estate and triggered increased short-term uncertainty among private and institutional investors.
Adjusted revenues in the first nine months of 2022 amounted to EUR441.9 million, above previous year's level (9M 2021: EUR405.6million).

DGAP-News: Instone Real Estate Group SE: Instone maintains high margin in more challenging market environment – new forecast for 2022: adjusted revenues EUR 600-675 million, adjusted net earnings EUR 40-50 milli

Retrieved on:

Wednesday, August 10, 2022

Instone Real Estate Group SE: Instone maintains high margin in more challenging market environment new forecast for 2022: adjusted revenues EUR 600-675 million, adjusted net earnings EUR 40-50 milli

Key Points:

Instone Real Estate Group SE: Instone maintains high margin in more challenging market environment new forecast for 2022: adjusted revenues EUR 600-675 million, adjusted net earnings EUR 40-50 milli
The issuer is solely responsible for the content of this announcement.
The increased construction costs are a key driver for the year-on-year decline in adjusted earnings after taxes.
Adjusted revenues amounted to EUR 268.0 million in the first half of 2022, still above the previous year's level (H1-2021: EUR 260.5 million).
We are very well positioned for this future development," says Kruno Crepulja, CEO of Instone Real Estate Group SE.

DGAP-News: Instone Real Estate Group SE: AGM approves dividend payout of EUR 0.62 per share; CFO Foruhar Madjlessi's contract extended

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Thursday, June 9, 2022

Instone Real Estate Group SE: AGM approves dividend payout of EUR 0.62 per share; CFO Foruhar Madjlessi's contract extended

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Instone Real Estate Group SE: AGM approves dividend payout of EUR 0.62 per share; CFO Foruhar Madjlessi's contract extended
The issuer is solely responsible for the content of this announcement.
Instone Real Estate Group: AGM approves dividend payout of EUR 0.62 per share; CFO Foruhar Madjlessi's contract extended
- Supervisory Board extends contract of Chief Financial Officer Dr Foruhar Madjlessi until 31 December 2026, ahead of schedule
Essen, 9 June 2022: The Annual General Meeting 2022 of Instone Real Estate Group SE ("Instone") was held today for the third time virtually due to the corona virus pandemic.
The AGM also endorsed all other resolutions proposed by the Management Board and the Supervisory Board with overwhelming majorities.
Madjlessi has been the company's Chief Financial Officer since January 2019 and was previously appointed until 31 December 2022.

DGAP-News: Instone with solid start to the year – Suspension of guidance due to significantly increased uncertainty and limited visibility

Retrieved on:

Wednesday, May 11, 2022

In the first quarter, Instone was able to once again, maintain its industry leading gross margin.

Key Points:

In the first quarter, Instone was able to once again, maintain its industry leading gross margin.
As a result of this development, an adverse impact on construction progress in the current financial year is becoming increasingly likely.
Moreover, the significant rise in interest rates may also affect the affordability of the Instone product for certain buyer groups.
Hence, the Management Board currently sees considerable short-term risks, particularly for the speed of construction and sales and thus for revenue recognition.

DGAP-News: Instone Real Estate Group SE: Instone achieves annual result slightly exceeding previously upgraded guidance - outlook for 2022 confirmed

Retrieved on:

Thursday, March 17, 2022

Instone Real Estate Group SE: Instone achieves annual result slightly exceeding previously upgraded guidance - outlook for 2022 confirmed

Key Points:

Instone Real Estate Group SE: Instone achieves annual result slightly exceeding previously upgraded guidance - outlook for 2022 confirmed
The issuer is solely responsible for the content of this announcement.
Despite a challenging operating environment, with pandemic related disruptions such as supply bottlenecks and delayed building permits Instone has exceeded previously raised 2021 adjusted earnings after tax guidance.
As a result, the GDV of our project portfolio as of the reporting date amounts to EUR 7.5 billion.
In addition, Management expects a 2022 adjusted gross margin of 25-26 percent and the 2022 volume of new customer sales contracts to exceed EUR 1.0 billion.