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Robyg on the rise

Eurobuild CEE 09 October 2018
POLAND For H1 of 2018, Robyg has reported revenues of PLN 420.14 mln representing an increase of 95.8 pct y-o-y.

Its parent company made a net profit of PLN 35.11 mln, 23.5 pct more than in H1 2017. Over the period 1,516 units net (including contract withdrawals) were sold, which was a comparable level to 2017. In H1 of 2018 the company had 4,675 apartments under construction. Its investments in new land came to to PLN 167 mln, on which around 3,680 units could eventually be built. Despite having delisted from the stock exchange of being delisted on the Warsaw Stock Exchange, Robyg is to complete a bond issue worth up to PLN 400 mln, of which it has already spent PLN 360 mln. “In H1 Robyg began investing in Warsaw’s Włochy and Praga, three new projects are also being launched in Gdańsk,” says Oscar Kazanelson, the chairman of Robyg’s supervisory board.

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