It said revenues from residential sales grew 35% in the same period, to RON135 million.
The developer’s EBITDA stood at RON28 million in the first nine months, up 1% on the year, while its profit margin decreased to 10% compared with 18% in the first nine months of 2019.
The developer sold 258 housing units in the first nine months, compared with 210 units in the same period last year. Of these, 40% were units in its Luxuria residential project and 60% in Greenfield.
The average sale price for all Impact residential project grew by 12% on average, to an average EUR1,152/ sqm of built area.
At the end of September 2020, in addition to the registered sales, there were pre-sale agreements concluded for apartments whose value is not reflected in revenues in for the first nine months. The value of these pre-sale agreements is of RON120.65 million, estimated to translate into revenues in Q4 2020 – 2022, the company said in its earnings report.
Additionally, Impact expects fourth quarter revenues to include RON15.25 million from the sale of a plot of land in Constanta for which a sale contract was concluded at the end of 2019.