ROBYG Group reports PLN 295 mln of sales revenues in H1 2020

In the first half of 2020, the ROBYG Group recorded sales revenues in the amount of PLN 295 million. The net profit was PLN 30.3 million, and the net profit attributable to the shareholders of the parent company was PLN 27.6 million.

In the first half of 2020, ROBYG Group contracted 795 units net in Warsaw, Gdańsk and Wrocław and signed 1,028 development contracts, including the sale of WPB (Wrocławskie Przedsiębiorstwo Budowlane). In addition, the sale of the office building, finalized in June, will allow for a focus on residential construction. The company recognized 697 units in the revenues.

“The first half of 2020 was a considerable challenge for the entire Polish economy - it is worth emphasizing, however, that our construction and residential investments were carried out practically without any delays throughout the pandemic and lockdown period. Thanks to this, we plan to put into use as many premises as we have planned for 2020, and the financial results of the ROBYG Group are stable and predictable. This is partly the specificity of our industry, but above all the effect of strict discipline in the field of general contracting of construction investments. The period of the pandemic allowed us to develop new sales and communication channels with customers, which in the long term will allow us to increase sales. In addition, we significantly engaged in helping those in need, donating over 100,000. PLN for medical equipment and support for insurgents and seniors," Eyal Keltsh, Vice President of ROBYG, said.

ROBYG has introduced a new apartment format to its offer - Modern Space micro-apartments in the vicinity of the City Sfera project in Warsaw's Włochy district. Two Modern Space buildings will house 402 apartments ranging in size from 17-39 sqm.

(WBJ)