During the three quarters of 2018, ROBYG Group contracted 2016 net premises (including resignations) in Warsaw and Gdańsk, and handed over 1350 units. That result is in line with the schedule adopted by the company resulting, among others from prolonged administrative procedures. ROBYG focuses on adjusting the range of sales to the major aim, which is obtaining the expected levels of margin. In 2018, the company plans contracting at the level of 2,700-3,000 units.
“ROBYG's plans for the upcoming quarters - based on reliable market analysis – assume further replenishment of the portfolio of premises. Market trends indicate that the demand for flats is not weakening and apartment prices may rise even by 15%. All apartments of ROBYG are being sold before the construction process ends – which shows the confidence of the buyers purchasing premises at an early stage of the investment in ROBYG Group. The Group's goal is to continue to replenish the land bank and provide Poles with apartments in line with their expectations – with a very good price-quality ratio, despite rising prices of residential premises on the market. It should also be emphasized that despite the current situation in the construction industry – growing prices of building materials and the lack of hands to work with subcontractors – Group maintains margins at a good level” – said Oscar Kazanelson, chairman of the supervisory board of ROBYG SA.
ROBYG operates in Warsaw in the following districts: Wilanów, Bemowo, Wola, Mokotów, Ursus, Tarchomin, Włochy and Praga, and soon plans to launch new projects. In Gdańsk, the company has investments in the following districts: Jasień, Letnica, Piecki-Migowo, Wrzeszcz and Śródmieście. This results in a large diversification of the offer and thus increases the probability of sales success.
ROBYG Group in H1 2018 - in accordance with the adopted schedule of transfer of units to owners - recorded revenues in the amount of about PLN 420.14 million, which means the increase by 95.8% yoy. The net profit attributable to shareholders of the parent company amounted to PLN 35.11 million, 23.5% higher than in H1 2017. The company had 4675 units under construction in H1 2018 and introduced into sales 10 stages of investment projects. New land’s acquisition amounted to PLN 167 million, with potential construction for 3680 units.
In H1 2018 ROBYG Group obtained a strategic investor – Bricks Acquisitions Limited - an entity of The Goldman Sachs Group Inc. – supporting the Group's long-term vision and development strategy. Consequently, ROBYG has strengthen expert support framework to assist us in the ongoing development activities. Despite the delisting, ROBYG is still active on the capital market – issuing bonds and fulfilling all disclosure requirements ensuring transparency of operations. ROBYG S.A. has also completed the public offering and placed PB series bonds in amount of PLN 60 million. The offering was implemented as part of the bond issue program of up to PLN 400 million and resulted in cumulative utilization of the program of PLN 360 million.
More information: www.robyg.pl