Profil:
Dom Development SADom Development posts PLN 148.4 mln net profit, PLN 182 mln EBIT in Q1 2025
Listed real estate developer Dom Development posted a PLN 148.4 million (EUR 34.95 mln) attributable net profit in the first quarter of 2025, slightly above the market expectations for a PLN 140.3 million (EUR 33.04 mln) net take, the group's financial report showed. EBIT amounted to PLN 182 million (EUR 42.86 mln), against PLN 172.1 million (EUR 40.53 mln) expected by the analysts.
| 1Q2025 | results | consensus | difference | y/y | q/q |
| PLN mln | PLN mln | % | % | % | |
| Revenues | 741.9 | 753.8 | -1.6% | 5.1% | -43.6% |
| EBITDA | 188.6 | 178.9 | 5.4% | 6.2% | -45.3% |
| EBIT | 182 | 172.1 | 5.8% | 6.1% | -45.4% |
| Attrib. net profit | 148.4 | 140.3 | 5.8% | 8.1% | -45.7% |
In the first quarter of 2025, Dom Development sold a net 1,033 units, up by 2 percent from the prior year period. The average value of the transaction, which includes the price of a flat together with any finishing, a storage cell and a parking space, amounted to PLN 818,000 (EUR 192,639) gross, similar to that of a year ago (PLN 829,000 or EUR 195,230).
"We stand by our plans to increase the scale of our operations; hence we are consistently bringing new projects to completion in all four markets of Dom Development's presence: in Warsaw, the Tri-City, Wroclaw and Cracow," said the group's CEO Mikolaj Konopka, quoted in a press release.
"At the end of March, our sales offer comprised over 3,500 premises and was 39 percent bigger than a year ago. The long-awaited interest rate cuts initiated in May and the drop in WIBOR rates observed since April will translate into a greater availability of housing loans, which in turn should stimulate the demand for flats in the following quarters," he added.
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