Real estate developer Impact posts operating profit of 100 million RON in 2021

In 2021, Impact Developer & Contractor obtained, at consolidated group level, a 98.5 million RON operating profit, with a gross margin of 36 percent, increasing from 31 percent.

Last year a total of 430 units, worth of 250 million RON were pre-sold, in increase with 37 percent compared to 2020, etimated to be capitalized as the projects are being completed. A total of 183 units, with a value of 138 million RON, were sold. 77 percent of the sold units are located in LUXURIA Residence in Bucharest, where the last development phase was completed in December 2021.

The operating profit of the group totaled 98.5 million RON, with a slight increase compared to 2020, in the context of lower sales revenues and a low level of completed units in GREENFIELD Baneasa, the group’s main project. In 2021 the gross margin was 36 percent, up from 31 percent last year. Starting with 2022, the previously signed pre-sales will be capitalized, as the projects will be completed, being fully reflected in revenues, while maintaining the trend for the gross margin.

In 2021, IMPACT continued to expand nationwide by acquiring a 2.6 hectares of land in Iasi, in addition to the one purchased in 2020. The entire land has a total area of 5 hectares and will be used for the development of Greenfield Copou compound, one of the largest projects in Moldova area, which will include 1,062 apartments with an estimated value of 830 million RON.