• The first 6 months of the year, IMPACT sold 110 units, with a value of 90.3 million lei, up 45% compared to the same period last year;
  • 91% of completed homes have been contracted;
  • In H1 IMPACT concluded 177 new pre-sales (RON 132.4 million), having on June 30, 2022, pre-sale contracts and reservation for 618 units, worth 363.1 million lei;
  • The gross margin recorded by IMPACT group was 39%, up from 31% in the first half of 2021;
  • IMPACT achieved, at consolidated group level, a gross profit of 35.23 million lei in the first half of 2022, up 64% compared to the same period last year;
  • On June 30, 2022, the total value of assets adjusted to fair value in accordance with EPRA standards was 317 million euro.

IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange (stock symbol IMP), closes the first semester of 2022 with a 45% sales increase and a 64% gross profit increase compared to the same period of last year. Thus, the developer obtained 90.3 million lei by selling completed units and a 35.23 million lei gross profit, with a 39% gross margin.

The sales increase is due to having completely finished the LUXURIA Residence compound located in Expozitiei area in Bucharest. In the first semester, IMPACT pre-contracted and reserved 177 new units in the company's projects located in Bucharest, Constanta and Iasi. Thus, as of June 30, 2022, IMPACT had a total of 618 pre-contracted and reserved units, with a 363.1 million lei value, which will be recorded as income starting the second semester of 2022.

"We have quickly adapted to the new geopolitical context and managed to maintain a good pace of sales and pre-sales. Real estate remained one of the safest investment options and clients who wanted to secure their capital chose our projects due to the quality and sustainability of the developments. The first half of the year was, therefore, an effervescent one, with an intensification of operational activity, through the expansion in Bucharest and in other big cities of the country, a vertical consolidation at group level, and on the capital market, through the conclusion of capital increases, with a cash contribution and by incorporating reserves in a total amount of 45.4 million euro. For the second half of the year, we plan to accelerate production and continue expanding nationally. We are convinced that the ambitious project development program, along with the increase in free-float, will lead to better liquidity of IMP shares", said Constantin Sebeșanu, CEO IMPACT Developer & Contractor.

As of June 30, 2022, IMPACT owned 89.4 ha of land with an EPRA value estimated at 786.5 million lei, of which 73.5 ha with immediate development potential, on which can be built up to 15,000 apartments, infrastructure and spaces for community services (schools, kindergartens, church, parks) and shopping centers, with a cumulative development value of over 1.5 billion euro.

By the end of the year, IMPACT will open GREENFIELD Plaza, which includes the Wellness Club by Greenfield , and will deliverover 300 new apartments. In the next 12 months, IMPACT plans to complete another 750 apartments and will start new investments nationwide for another 850 apartments, thus creating the conditions for a positive business development in 2023.

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Impact Developer & Contractor SA published this content on 30 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 08:13:20 UTC.