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Robyg expecting PLN 105 mln profit

Aneta Cichla 04 September 2017

Aneta Cichla

Journalist

+48 22 356 25 15
aneta.cichla@eurobuildcee.com

Aneta is passionate about the retail real estate market and everything associated with it. She has worked in the editorial department of ‘Eurobuild CEE’ for four years. Prior to this she was employed as a journalist for the Retailnet.pl portal and for Shopping Center Poland magazine. She is also responsible for posting on the ‘Eurobuild CEE’ Facebook page and occasionally for posting news on its Twitter account (@AnetaCichla). In her free time she enjoys reading books, walking the dog and working out at the gym. She also loves watching martial arts fights.

POLAND Robyg has increased its net profit forecast for 2017 to PLN 105 mln.

The company has also published its financial results for H1 2017. In H1 2017 it generated revenue amounting to PLN 215 mln, while the net profit for the shareholders of the parent company amounted to more than PLN 28 mln. The company forecasts that app. 2,500 apartments will be recognised as revenue. In H1 2017 it signed contracts for 1,693 apartments net in Warsaw and Gdańsk (including withdrawals), which is 23 pct more than in 2016. By June 30th the company had included 714 apartments in its revenue. Robyg is implementing projects in Warsaw’s Bemowo, Mokotów, Wola, Tarchomin, Żoliborz, Ursus and Wilanów districts, and is planning to start more projects in 2017 in the district of Włochy, among other locations. The company also has apartments available in Gdańsk’s Wrzeszcz, Jasień, Letnica and Morena districts. ­

“The group’s management has been consistent in implementing the company’s development strategy. Warsaw and the TriCity, where the company is active, are among the fastest growing metropolitan areas in Poland. Robyg is also considering launching operations into other attractive markets in Poland, such as Kraków and Wrocław, among others. With this objective in mind the company is constantly expanding its land bank with new locations, which will allow us to start more multi-phase projects. The company owns land with the potential for building nearly 13,000 apartments, which will secure our requirements for the oncoming quarters,” claims Oscar Kazanelson, the chairman of the supervisory board of Robyg.


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