News

July 5, 2017
ROBYG SA
ROBYG Group: ca. 720 unit expected to be recognized in revenues in H1 2017

ROBYG Group expects recognition of ca 720 units in revenues for the first half of 2017 – including 320 units in the first quarter of 2017. ROBYG Group estimates about 2,500 residential units to be recognized in its revenues, of which 1,460 flats in projects carried out by corporate group and over 1,000 units in joint venture projects. In 2018 ROBYG Group anticipates a significant increase in number of units recognized in revenues – due to shifting construction completion of several projects from end of 2017 into next year.


„The number of 720 units achieved by ROBYG Group expected to be recognized in revenues in the first half of 2017 corresponds with predictions and is satisfying for the Group. It is the result of investment completion schedule which then translates to the date of handing apartments to customers. ROBYG Group – according to plans – expects a significant increase in the number of units recognized in revenues in 2018, while the Group’s goal for 2017 is recognition of ca. 2 500 units” – says Oscar Kazanelson, the Chairman of the Supervisory Board of ROBYG SA.


„The successfully completed shares emission worth PLN 80 million – which will ensure means for ROBYG Group’s expansion to Kraków or Wrocław and a systematic purchase of land for investments – will allow the Group to safely conduct its business in the coming quarters and even years. At the end of first quarter the land bank in Groups’ possession in Warsaw and Gdańsk enabled construction of almost 13 000 units while over 1 800 apartments are on offer in both cities. Securing offer at this level provides customers wide range of apartments to choose from and answers high demand on the housing market. ROBYG Groups – with a stable condition on the market – should fulfil all goals for 2017 regarding both the number of units contracted as well as the number of units recognized in revenues” – adds Oscar Kazanelson, the Chairman of the Supervisory Board of ROBYG SA. 

 


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