The gross margin rose to 36%, from 31% in 2020.
Net profit shrank to RON70.3 million, from RON74 million in 2020.
Last year a total of 430 units, worth of 250 million lei were pre-sold, in increase with 37% compared to 2020, etimated to be capitalized as the projects are being completed. A total of 183 units, with a value of 138 million lei, were sold. 77% of the sold units are located in LUXURIA Residence in Bucharest, where the last development phase was completed in December 2021.
In 2021 IMP shares registered an advance of 120% last year on increasing transaction volumes, the company exceeding for the first time the level 1 billion Lei market capitalization in August.
“The year 2021 marked the beginning of the construction for the extension of some projects or the development of new ones, operations that on the residential market usually last for 3 years. It was also a year in which we optimized processes, we invested heavily, purchased land and took concrete actions for expansion in the most important cities of the country. As a result, we have seen a growing interest from the customers, a fact visible in the increasing number pre-sales, but also from the investors, who decided to join us by subscribing to the share capital increase that took place in January 2022.We aim to enhance our free-float and the liquidity of IMP shares on BVB, in order to sustain our financing program through new issues of green bonds and shares”, stated Constantin Sebeșanu, CEO Impact Developer & Contractor.
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 lei.
The company’s strategy for the next 6 years aims at the development of 1.25 million sqm residential units, with an estimated market value of over 1.5 billion lei.
(English version by Catalina Apostoiu)