Revenues by ROBYG Group increased by 74%, profit by 324% in H1 2021

In the first half of 2021, the ROBYG Group recorded sales revenues in excess of PLN 512 million, the net profit attributable to the shareholders of the parent company amounted to PLN 117 million, i.e. 324 percent more than in H1 2020, and EBIT PLN 147 million – an increase of 264 percent y/y. The company has one of the largest land banks in Poland, with a sales potential of more than 23,300 units, and is also planning further investments. In total, in 2021, ROBYG plans to spend over PLN 900 million on land purchases and is looking for new investment opportunities.

In the first half of 2021, the ROBYG Group concluded over 2,300 net reservation agreements and signed approximately 2,100 development and preliminary agreements in Warsaw, Gdańsk, and Wrocław. The company recognized approximately 1,100 premises in revenues. ROBYG plans to sign over 4,000 reservation agreements and hand over 3,000 apartments in 2021.

“The first half of the year was very good for ROBYG – we had record sales and the level of revenue recognition – which gives very good prospects for the results for the whole year. We have invested over PLN 365 million in the expansion of the land bank in Warsaw, Gdańsk, and Gdynia. In total, this gives a construction potential of approximately 190,000 sqm of usable area. These purchases were supplemented by land purchased in 2020 for over PLN 375 million in Warsaw, Gdańsk, Gdynia, Wrocław, and Poznań (over 330,000 sqm of usable space). The total land resources provide us with a sales potential of approximately 23,300 units,” Eyal Keltsh, Vice President of the Management Board of ROBYG, said.

(WBJ)