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Instone Real Estate Expects FY2019 Adjusted Revenues Of Between Eur 700 mln - Eur 750 mln


Tuesday, 17 Sep 2019 

Sept 16 (Reuters) - Instone Real Estate Group AG ::DGAP-ADHOC: INSTONE REAL ESTATE GROUP AG: FORECAST UPGRADE FOR FY 2019.BOARD NOW EXPECTS FINANCIAL YEAR 2019 ADJUSTED REVENUES* OF BETWEEN EUR 700 MILLION AND EUR 750 MILLION.BOARD ALSO EXPECTS FINANCIAL YEAR 2019 SALES VOLUME TO EXCEED EUR 1.1 BN.INSTONE REAL ESTATE -SEES FY 19 ADJUSTED GROUP EARNINGS BEFORE INTEREST AND TAXES BETWEEN EUR 110 MILLION AND EUR 125 MILLION, EXCEEDING PREVIOUS FORECAST.INSTONE REAL ESTATE- MANAGEMENT BOARD HAS LOWERED ADJUSTED GROSS PROFIT MARGIN FORECAST FOR CURRENT FINANCIAL YEAR FROM AROUND 28 % TO AROUND 24 %.INSTONE REAL ESTATE GROUP- EXCLUDING SHARE DEAL, EXPECTED ADJUSTED GROSS PROFIT MARGIN FOR 2019 FINANCIAL YEAR WOULD REMAIN UNCHANGED AT ABOUT 28 %.INSTONE REAL ESTATE GROUP - THRESHOLD OF MORE THAN ONE BILLION EUROS OF SALES VOLUME IS EXPECTED TO BE EXCEEDED ALREADY IN FY 2019 FOR FIRST TIME. 

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