Instone Group Meets 2024 Targets, Anticipates Demand Surge in 2025

Instone Real Estate Group SE reported achieving its 2024 targets despite a challenging landscape. Although revenues declined from EUR 616.0 million in 2023 to EUR 527.2 million in 2024, this aligned with expectations due to reduced construction output. Adjusted gross profit margin remained robust at 22.6%, reflecting project quality and competitive positioning.

Sales rose by 56.2% to EUR 330.2 million, with a marked demand recovery anticipated in 2025. The private investor market has shown significant improvement, although institutional reluctance persists. The Group’s strong product offerings and reliable partnership have driven sales success.

High operating cash flow strengthened the balance sheet, lowering the loan-to-cost ratio to 10.5%. For 2025, Instone targets EUR 500 to 600 million in revenues and over EUR 500 million in sales, with growth expected to accelerate in the second half of the year.