The ROBYG Group is implementing a program of rapid business growth. The company regularly accumulates the generated profit, which for 2019-2000 amounted to approximately PLN 400 million. In addition, it received additional capital in the amount of PLN 100 million from the shareholder – Bricks Acquisition from the Goldman Sachs Group and is considering the issue of bonds up to PLN 150 million under the bearer bond issue program for the amount of PLN 500 million. ROBYG has an excellent cash position, amounting to PLN 400 million, and is planning significant investments in the land bank.

In the first quarter of 2021, ROBYG Group concluded 1,110 net reservation agreements and signed 888 development agreements in Warsaw, Gdańsk, and Wrocław. The company handed over 560 premises.

“The situation on the residential real estate market in Poland is very promising – we assume a steady increase in demand for the next few years. Therefore, ROBYG is implementing a program of accumulation of funds for potential acquisitions and land purchases. The company is planning a rapid increase in business and the scale of operations – it is already at the forefront of the largest developers on the market. The ROBYG Group has an ambitious plan to significantly increase the possibilities and offer of apartments, and thus the financial results. The actions taken so far show how much care ROBYG is about financial security and a stable cash position,” Oscar Kazanelson, chairman of the supervisory board of ROBYG Group, said.

(WBJ)