Romanian residential developer Impact increases sales by 54 percent in 2019

Impact Developer & Contractor, one of the biggest residential developers in Romania, increased its sales by 54 percent in 2019 compared to 2018, to 33 million Euro, the company announced in a report on the Bucharest Stock Exchange.

Moreover, the presales of apartments in the company’s two projects in Bucharest – Greenfield Baneasa and Luxuria Domenii reached over 30 million Euro, Romania Insider reads. The pre-sale contracts should turn into actual sales this year, the company said.

The operational profit (EBITDA) almost tripled compared to 2018, to 11 million Euro while the net profit went up eightfold to 34 million Euro, mainly due to the unrealized gains from the revaluation of the company’s land inventory.

“For 2020, considering that we are approaching the anniversary of 30 years of activity, we aim for a new expansion phase, by expanding geographically in the main cities of Romania and by diversifying the portfolio of projects,” said Sorin Apostol, CEO Impact Developer & Contractor.

Post Views: 3,478

Search for an article

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

INTERVIEW Răzvan Marincoi, Generatik: “The mall is slowly turning into a media asset, not just a shopping centre”

Accenture study: 74% of consumers are ready to let an AI agent shop on their behalf

INTERVIEW Andrei Berechet, Adrem: “Data center developers will be increasingly significant clients in the next three to five years”

Romanian Police and Ursus Breweries Study: Perceived traffic safety reaches a historic high in Romania, at 66%, but the main risks remain speed, inattention,...