EQS-News: Instone Real Estate Group SE achieves good result in a difficult environment with a largely stable earnings outlook for 2023
Overall, the business developed in line with expectations and reached the upper end of the targeted earnings range.
- 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