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    ECH   PLECHPS00019

ECHO INVESTMENT S.A.

(ECH)
  Report
Delayed Warsaw Stock Exchange  -  12:05:22 2023-02-03 pm EST
3.210 PLN   +1.26%
01/25ECHO INVESTMENT S.A. : Ex-dividend day for interim dividend
FA
01/09Echo Reports Preliminary Sales Results for the Fourth Quarter and Full Year of 2022
CI
2022Echo Investment Seeks to Pay Advance Dividend, Payable on February 2, 2023
CI
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Echo Investment S A : Financial report of Echo Investment H1 2022

09/27/2022 | 08:06pm EST

The 1st half-year of

2022

Financial report

of Echo Investment S.A. and its Group

Fot. Biurowiec Midpoint71 we Wrocławiu

Photo: Wola Station in Warsaw

Content

Message from CEO

6

CHAPTER 1

8

Management Report

8

01.

General information about the Company and its Group

9

Management Board

10

Supervisory Board

11

02.

The Strategy of Profitable Growth

12

03.

Business model

14

04.

Selected financial data of the Group

15

05.

Echo Investment S.A. shareholding structure and shareholders' rights

16

06.

Volume of the Company's shares and bonds held by managing and supervising persons

17

07.

Major events in the 1st half-year 2022

18

08.

Significant events after the balance sheet day

26

09.

Residential segment - market outlook and the Group's business activities

28

10.

Commercial real estate - market outlook and Group business activities

33

11.

Portfolio of properties

38

12.

Main investments of the 1st half-year 2022 - acquisition of plots

51

13.

Factors and unusual events affecting the results in the 2nd quarter of 2022

52

14.

Significant factors influencing the development of Company and the Group in coming quarters

54

15.

Information on dividend policy and dividend

56

16.

Financial liabilities of the Company and its Group

58

17.

Off-balance sheet liabilities

62

18.

Remuneration of the Management Board and Supervisory Board

72

19.

Other disclosures required by law

75

20.

The impact of the war in Ukraine on the operations of the Group

76

21. The impact of the macroeconomic situation on the operations of the Company and its Group - description of

risks

77

CHAPTER 2

79

Condensed interim consolidated financial statement of Echo Investment Group

79

Explanatory notes

87

Information on financial statement of the Group

123

01.

Accounting principles adopted in drawing up the financial report

124

02.

Echo Investment Group

125

03.

Material estimates and judgments of the Management Board of the Company

127

04.

New standards and interpretations effective from 1 January 2022

135

05.

Published standards and interpretations which are not effective yet and have not been adopted

136

06.

Significant events after the balance sheet day

138

CHAPTER 3

140

Condensed interim standalone financial statements of Echo Investment S.A.

140

Explanatory notes

148

Information on financial statement of the Company

193

01.

Principles adopted in financial report

194

02.

Significant contracts concluded with related entities

195

03.

Methods of determining the financial result

197

04.

Estimates of the Company's management board

197

05.

New standards and interpretations that are effective as of 1 January 2022

198

06.

Published standards and interpretations which are not effective yet and have not been adopted

199

07.

Significant events after the balance sheet day

201

Statement of the Management Board

202

Contact

205

Photo: Ogrody Anny in Łódź

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Echo Investment SA published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 00:05:05 UTC.


ę Publicnow 2022
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Financials
Sales 2022 1 340 M 309 M 309 M
Net income 2022 157 M 36,2 M 36,2 M
Net Debt 2022 1 926 M 444 M 444 M
P/E ratio 2022 10,7x
Yield 2022 7,32%
Capitalization 1 325 M 305 M 305 M
EV / Sales 2022 2,43x
EV / Sales 2023 2,67x
Nbr of Employees 616
Free-Float 34,0%
Chart ECHO INVESTMENT S.A.
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Technical analysis trends ECHO INVESTMENT S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 3,21 PLN
Average target price 3,84 PLN
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Nicklas Lindberg Chairman-Management Board & CEO
Maciej Adam Drozd Finance Director
Noah M. Steinberg Chairman-Supervisory Board
Mariusz Jedruszczak Head-Information Technology Department
Margaret Elizabeth Dezse Independent Member-Supervisory Board
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