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% |
5 | 18.11.2021 | Q3-2021
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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.