The company’s EBITDA stood at RON11 million, down 61% compared with the first nine months of 2020, and the profit margin decreased to 10% from 21% in the year-ago period, the company’s financial data shows.
In the third quarter of 2021, the company’s revenue reached RON40.5 million, 42% lower than in the corresponding period of last year, while the profit more than doubled to RON10.2 million.
In January-September 2021, Impact sold 145 apartments, 121 of which in the Luxuria Residence complex in the Expozitiei area, 21 units in Greenfield Baneasa and three in other projects developed by Impact in the past.
By September 30, 99% of the apartments completed in the northern Bucharest neighborhood Greenfield Baneasa had been sold.
“Impact Developer & Contractor is at the beginning of a new development strategy, which aims to expand in parallel in at least six locations across the country, in areas with potential,” company representatives say.
The developer owns approximately 73.5 hectares of land in Bucharest, Constanta, Iasi and Oradea, where it is building Greenfield Baneasa (expansion, Bucharest), Boreal Plus (Constanta), Greenfield Copou (Iasi), Luxuria City Center (Bucharest), Greenfield West (Bucharest) and Lotus (Oradea).
The projects total some 12,404 apartments with a total market value of around EUR1.8 billion.
The company’s shares have gained 125% since the beginning of the year, after transactions of RON64.3 million, with the company’s capitalization reaching RON1.07 billion. The company is 59.9% controlled by Gheorghe Iaciu, while Andrici Adrian holds 15.9% of the share capital.
(English version by Loredana Fratila-Cristescu)