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Dom Development SADom Development positive on prospects for improving gross sales margin
Listed real estate developer Dom Development believes that the prospects for improving gross sales margins in the coming quarters are positive, management representatives told a videoconference. The group estimates the handover potential for 2025 at more than 4,500 units.
"In the following quarters, the outlook is positive. The gross margin on sales is the result of the difference between the sales price and the cost of project development," deputy CEO Leszek Stankiewicz said.
The group's gross margin on sales after the three quarters of 2024 was around 31.8 percent, compared to 31.2 percent a year earlier.
The group estimates the handover potential for 2025 at more than 4,500 units.
On a cumulative basis, in the nine months of 2024, Dom Development Group had revenue of PLN 1.85 billion (EUR 426.9 mln), operating profit of PLN 364.7 million (EUR 84.2 mln) and net profit of PLN 295.7 million (EUR 68.2 mln) year on year.
During this period, it handed over 2,235 units to buyers, 12 percent less than in the same period of 2023 (2,533 units), which was due to the schedules of the investments under construction.
doa/ nl/ han/
