Pro Kapital Grupp AS

News vom 31. Januar 2019

Umsatz 2018 um EUR 14 Mio. gestiegen

The Company has shown growth across the financial results during the 12 months of 2018. The total revenue increased by 99% or by 14 million euros during the 12 months of 2018, totalling to 28.0 million euros compared to 14.1 million euros, including discontinued operations, in the comparable period of 2017. The total revenue of the 4th quarter of 2018 was 6.9 million euros compared to 4.3 million euros during the same period in 2017. Revenues have increased in real estate and rent segment due to completion of multiple buildings in Tallinn and Riga. The real estate sales revenues are recorded at the moment of handing over the premises, therefore the revenues depend on the completion of the residential developments.

The operating result of 12 months in 2018 increased by 19.1 million euros, totalling to operating profit of 21.5 million euros, compared to profit of 2.4 million euros, including discontinued operations, during the 12 months of 2017. The operating profit of the 4th quarter of 2018 was 16.7 million euros compared to 1.2 million euros profit during the same period of 2017. Operating result includes profit from increase in fair value of investment properties recorded at the end of the reporting period. Total impact from revaluation in 2018 is 18.0 million euros.

The Company’s 2018 12-month net profit was 18 million euros, which was an improvement of 18.5 million euros compared to 0.5 million euros loss during the same period of 2017. The net result was significantly influenced by increase in value of investment property due to completion of T1 Mall of Tallinn. T1, opened in the 4th quarter of 2018, will have significant impact to the future revenues, as well as completion and sales of ongoing development phases. Pro Kapital foresees continuous growth through the performance of the company.



Über das Unternehmen

Pro Kapital Grupp ist einer der führenden estnischen Immobilienentwickler, der sich auf große Gewerbe- und Wohnimmobilienentwicklungen in den Hauptstädten Estlands, Lettlands und Litauens konzentriert. Seit der Gründung im Jahr 1994 hat Pro Kapital rund 20 Projekte mit einer Verkaufsfläche von über 190.000 Quadratmetern realisiert. Pro Kapital wird von einem erfahrenen Team von Immobilienexperten mit mehr als 20 Jahren Erfahrung im Bereich der Immobilienentwicklung in den baltischen Ländern geleitet.

IR-Kontakt
Angelika Annus (CFO)
Tel: +372 614 4920
E-mail: angelika.annus@prokapital.com



Unternehmen

Pro Kapital Grupp AS
Sõjakooli 11
11316 Tallinn
Estland

www.prokapital.com

ISIN: EE3100006040
WKN: 579797

Börsen: Tallinn, Frankfurt, Stuttgart

Quelle: Pro Kapital Grupp AS

Ansprechpartner

Thomas Stewens

Telefon: +49 (0)69 - 71 91 838-10

E-Mail

Dominik Glier

Telefon: +49 (0)69 - 71 91 838-20

E-Mail

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