Results in 2019: 156.6 million lei from sale contracts and 161 million lei from pre-sale contracts

Bucharest, 02.03.2020: IMPACT Developer & Contractor SA (IMP) ended 2019 with 352 homes sold, worth 156.6 million lei and 263 pre-contracted units, worth 146 million lei. The sales result has increasing by 54% compared to the figures of the previous year. The pre-sale-purchase contracts in the two projects in the capital, Greenfield Băneasa and Luxuria Domenii Residence, will take place during the year 2020.

The company recorded an operating profit (EBITDA) of 52 million lei and a net profit of 165 million lei. The net profit for the year 2019 also reflects the impact of accounting appreciation of the significant portfolio of land held by the company.

In 2019, Impact continued the construction work on the existing projects, Greenfield Baneasa and Luxuria Domenii Residence in Bucharest. These were materialized by the completion of the third development phase in Greenfield, with the delivery of the last 192 apartments. In parallel, it was obtained the urbanism act for a new project, Boreal Plus from Constanța, located in the immediate vicinity of the Boreal project, built by the developer 10 years ago.

"We ended year 2019 with very good results, which prove the competence of the company, respectively a 54% increase in sales compared to the previous year. Beyond the financial aspects, the sales results confirm the attractiveness of our projects, the fact that we have managed to develop real estate products with a high standard of quality for different categories of public, offering them modern housing experiences. Our mission is to have a positive impact on people's lives and to generate profitable investments for our clients. For the year 2020, considering that we are approaching the anniversary of 30 years of activity, we plan a new phase of expansion, by geographic expansion in the main cities of Romania and by diversifying the portfolio of projects.” said Sorin Apostol, CEO Impact Developer & Contractor.

In 2020, Impact will start work for phase IV in Greenfield Baneasa and for the new community center, Greenfield Plaza. In Luxuria Domenii Residence, the first two phases will be completed and the last phase of development will begin, and in the other cities of the country, Impact will start sustainable projects, in order to capitalize on the accumulated and proven experience. Thus, work will begin for the Boreal Plus residential complex in Constanța, which is in the extension of the already known Boreal neighborhood.

By 2028, Impact has planned the development of 9 projects worth 1.2 billion Euros, in 5 major cities in Romania.