Market announcement
AS Pro Kapital Grupp
LEI code
097900BGM10000061519
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Half-yearly financial report
Unique data record identifier
7419
Attachments
Submission date and time
30.07.2019 16:15:00
Content of announcement in Estonian
Title
Pro Kapitali 2019. aasta esimese poolaasta müügitulu kasvas 49% võrra 22,5 miljoni euroni
Message
Pro Kapital lõpetas 2019. aasta esimesed 6 kuud tugevate tulemustega nii müügitulude kui brutokasumi osas. Käesoleva aasta esimese poolaasta müügikäive kasvas 49% võrra 22,5 miljoni euroni, võrreldes 15,1 miljoni euroga möödunud aasta sama perioodi jooksul. 2019. aasta teise kvartali müügitulu oli 12 miljonit eurot, võrreldes 8,3 miljoni euroga 2018. aasta teises kvartalis. 2019. aasta esimese kuue kuu müüki mõjutasid oluliselt aktiivne müügitegevus Vilniuses, Shaltiniu Namai Attico viies uues kortermajas, Kristina Majade arendusprojektis Tallinnas, River Breeze Residence's Riias aga ka 2018. aasta lõpul avatud T1 renditulust. Meie müügitulu sõltub elamukinnisvara valmimisest, kuna kinnisvara müügitulu kajastatakse peale notariaalsete müügilepingute allkirjastamist ning vara kliendile üleandmist. Aktiivse müügitegevuse tulemusel kujunes 2019. aasta esimese poole ärikasumiks 5,1 miljonit eurot, võrreldes 4,4 miljonilise ärikasumiga 2018. aasta samal perioodil. Teise kvartali ärikasum oli 2019. aastal 2,5 miljonit eurot ning 2018. aastal 3,7 miljonit eurot. 34% muutust äritulemis mõjutas 2018. aasta teises kvartalis erakorraline kinnisvara ümberhindlus 1,9 miljoni euro ulatuses. Ettevõtte tulemusi mõjutas ka T1 projektiga seonduv 3,5 miljoniline intressikulu, mida varasemalt kapitaliseeriti kinnisvarainvesteeringute koosseisus. 2019. aasta esimese poolaasta puhaskahjumiks kujunes 276 tuhat eurot, võrreldes 2,8 miljoni eurose puhaskasumiga 2018. aasta samal perioodil. Ettevõte näeb müügitulude ja äritegevuse stabiilset kasvu ka tulevastel perioodidel ning seda kogu äritegevust läbivalt. Samuti püüame leida võimalusi finantskulude vähendamiseks läbi olemasolevate võlainstrumentide refinantseerimise. 2019. aasta esimese kuue kuu ning teise kvartali tulemuste tutvustamiseks korraldas Pro Kapital täna investorite veebikonverentsi, mida on võimalik kuulata siin: https://youtu.be/vuO6UUQr9-U Teatele on lisatud ka veebikonverentsi inglise keelne presentatsioon.
Content of announcement in English
Title
Pro Kapital’s sales revenues increased by 49% to 22.5 million euros during the first half-year of 2019
Message
The Company has completed the first 6 months of 2019 with strong results in sales revenues and gross profit. The sales revenues for the first half-year of 2019 were 22.5 million euros, which is an increase of 49% compared to the 15.1 million euros during the same period last year. The sales revenues of the 2(nd) quarter were 12 million euros compared to 8.3 million euros during the comparable period of 2018. The increase in sales revenues during the first 6 months of 2019 was strongly influenced by the active sales of Shaltiniu Namai Attico five new houses in Vilnius, Kristina Houses development in Tallinn, River Breeze Residence in Riga, but also rental revenues from T1, which was opened at the end of 2018. Our revenues from the sales of the real estate depend on the completion of the residential developments, as the revenues are recorded at the moment final notary deeds of sale are concluded and properties handed over to the buyers. Consequently, to the active sales, the operating profit for the first half-year of 2019 was 5.1 million euros compared to 4.4 million euros during the same period in 2018. During the second quarter of 2019, the operating profit was 2.5 million euros and 3.7 million euros in 2018. The 34% decrease was influenced by extraordinary gain from increase of value of investment property in amount of 1.9 million euros during the 2(nd) quarter of 2018. Otherwise positive results were influenced by 3.5 million euros interest expenses related to T1 project, which in previous periods have been capitalized into cost of investment property. The net result of the first half-year of 2019 was 276 thousand euros loss compared to 2.8 million euros profit during the same period in 2018. The Company foresees stable growth in revenues and operating results during the upcoming periods, through its operations. In addition, we are exploring opportunities to reduce financial costs by refinancing current debt instruments. Pro Kapital held the investor webinar this morning to introduce the results for the first 6 months and 2(nd) quarter of 2019. The recording of the webinar is available here: https://youtu.be/vuO6UUQr9-U The webinar presentation is attached to this notice.