INSTONE REAL ESTATE GROUP SE


Locations: DEUTSCHLAND

EQS-News: Instone Group achieves upper end of earnings guidance; outlook for 2024 assumes continued solid profitability in a year of transition

Retrieved on: 
Wednesday, April 10, 2024
EUR, Weakness, Environment, Real, Sale, GDV, EAT, Housing, LTC, Video game

Instone Group achieves upper end of earnings guidance; outlook for 2024 assumes continued solid profitability in a year of transition

Key Points: 
  • Instone Group achieves upper end of earnings guidance; outlook for 2024 assumes continued solid profitability in a year of transition
    The issuer is solely responsible for the content of this announcement.
  • The negative effects of higher interest rates and the increased uncertainty of private and institutional investors remained clearly noticeable in 2023.
  • However, there was an upturn in retail sales during the course of the year and particularly in the final quarter.
  • The Instone Group continues to benefit from the high share of projects that have already been sold.