Q3 2021 Results Presentation

Disclaimer

2 | 18.11.2021 | Q3-2021

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Highlights

Portfolio Update

Q3 Financial Performance

Outlook

Appendix

Highlights

Highlights

Strong sales momentum - Supply bottlenecks with only minor impact due to strong positioning

Operational

Highlights

  • Construction / Supply chains: Minor impact from supply bottlenecks i.e. construction delays, rising material costs more than offset by continued positive HPI momentum
    • Positive margin outlook maintained
  • Sales: Strong institutional and retail demand; incl. deals signed post Q3 INS well on track for FY targets
  • Acquisitions: €1.4bn new project GDV approved YTD
  • ESG: Inaugural ESG rating by Sustainalytics; Top 2% among global developers
    • clear commitment to further expanding ESG reporting including ambitious targets.

Leading gross margin maintained - Accelerating earnings growth in Q4 ahead

9M-2021 Results

  • Adjusted revenues: €405.6m (9M 2020: €291.3m, +39.2%)
  • Adjusted gross profit margin: 29.8% (9M 2020: 32.3%)
  • Adjusted EBIT: €65.3m (9M 2020: €50.0m, +30.6%)
  • Adjusted earnings after tax (EAT): €40.3m (9M 2020: €24.9m; +61.8%)

Strong margin outlook for FY-2021; initial guidance for FY-2022

2021

2022

Adj. revenues of €780-800m (previously €820-900m);

Adj. revenues of €0.9-1.0bn;

Outlook

Adj. gross profit margin of c.28% (previously 26-27%);

Adj. EAT of €90-100m

Adj. EAT of €93-96m (previously €90-95m);

Target payout-ratio: 30%

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Instone Real Estate Group AG published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 17:59:09 UTC.