IMPACT reported revenues of 137.9 million RON, up 29 percent in the first nine months

IMPACT Developer & Contractor reports revenues of 137.9 million RON at group level in the first nine months of 2024, up 29 percent compared to the same period last year. Gross profit increased by 12 percent, with a value of 36.7 million RON.

In the first nine months of the year, IMPACT sold 90 units in the completed residential compounds available for sale, namely LUXURIA Residence and BOREAL Plus. The complex in the north of Constanta attracted more buyers compared to the first nine months of 2023, recording a 35 percent increase in sales volume. Thus, the BOREAL Plus compound was 48 percent sold at September 30.

In LUXURIA Residence, the complex located in District 1 of the Capital, there was a preference for more expensive units in the first nine months of the year. The value of the apartments sold, together with the parking spaces, storage rooms and related gardens, amounts to 53.1 million RON, 2.4 million RON higher compared to the same period last year.

In GREENFIELD Baneasa, on September 30, 2024, the dismantling and tabulation process for 732 new apartments was completed. Of these, 306 units, with a value of 170 million RON, were pre-sold and will be converted into sales in the last quarter of 2024 and the beginning of 2025. The signing of the sale-purchase contracts for them began on October 1.

”The sales volume in the first nine months of the year was conditioned by the number of completed units available. The addition of the stock with 732 new units in GREENFIELD Baneasa and the start of signing the sale-purchase contracts for them in October create positive prospects for the end of the year and the beginning of 2025. In October, we traded 73 apartments out of the 306 pre-sold in GREENFIELD Baneasa, which generated revenues of 8,021,848 euro and we have premises to maintain the pace in the following period.”, stated Dan Sebastian Campeanu, CEO IMPACT Developer & Contractor.

As of September 30, 2024, IMPACT had net assets with a market value of RON 1.3 billion and a debt ratio at a sustainable level of 28 percent, which is planned to decrease in the last quarter of the year and the first quarter of 2025.

Impact owns a total land portfolio of 84.9 ha, part of which can be used for the development of 10,000 units within 5 distinct projects: GREENFIELD Baneasa – Bucharest (new phases), BOREAL Plus – Constanta (new phases), GREENFIELD Copou – Iasi, ARIA VERDI – Barbu Vacarescu, Bucharest and GREENFIELD West – Timisoara Blvd., Bucharest. As of September 30, 2024, IMPACT had building permit for another 1,961 units, with a market value estimated by the management at 1.4 billion RON.