Impact Developer & Contractor ranks first in the “Top Companies in Bucharest”, organized by the Chamber of Commerce and Industry of Romania

Mihai Cristea 25/11/2020 | 17:29

Impact Developer & Contractor, the only real estate developer in Romania listed on the Bucharest Stock Exchange, obtained the First Place in the Top Companies in Bucharest, in the field of building construction. The award is offered by the Chamber of Commerce and Industry of Bucharest and is a recognition of the activity and economic performance of Impact in 2019.

 

Impact Developer & Contractor remains in first place in the top developers in the capital this year as well. Premium awarded confirms the excellent financial results obtained in 2019, generated mainly by sales in the two residential projects in Bucharest – Greenfield Residence Băneasa and Luxuria Residence. In 2019, Impact recorded revenues of RON 156.6 million from sale-purchase contracts, increasing by 54% compared to the previous year’s figures. The company reported for the same period, an operating profit of RON 189,107, EBITDA of RON 45,475 and a net profit of RON 154,484.

In establishing the rankings, there were taken into account indicators such as: net turnover, operating profit, operating profit rate, efficient use of human resources and efficient use of capital employed.

We are honored to be, this year also, on the first place in the Top made by the Chamber of Commerce and Industry of Bucharest. The very good financial results that formed the basis of this distinction, but also the maintenance of this positive evolution in 2020, confirm once again the financial solidarity of the company, as well as the huge potential for expansion of Greenfield and Luxuria housing concepts, improved in the last 5 years. Indeed, in the context of a year with many ups and downs and challenges for the business environment, the financial results recently published by Impact Developer & Contractor for the first 9 months show both the sustained growth rate and excellent development premises in the immediate future. Maintaining the positive multi-year trend even in the context of significant socio-economic distortions proves the ability of the company to accelerate its expansion and move to the next level in business. In this context, Impact is preparing to conduct a private placement of euro-denominated corporate bonds through TradeVille, amounting to EUR 6 million, with the possibility of extending up to EUR 15 million. The bonds will have a maturity of 6 years, and the fixed annual coupon rate, paid semi-annually, will be established in the placement, by the auction method and will be in the range of 5.9% – 6.4%. We are coming out stronger from a difficult year for the economy and society, with a business model tested and validated in perhaps the most difficult economic and social conditions. We are ready to enter a new stage of development“, said Sorin Apostol, CEO of Impact Developer & Contractor.

Impact continues to rise in 2020, in the first 9 months of the year having revenues from the sale of homes amounting to RON 135,349 million, reaching a total of 258 units (apartments, plus parking lots and yard lands related to the package).

The Top Companies in Bucharest is the only ranking of companies in the capital that is subject to the rigors of the law and a complex methodology, implemented uniformly by the chamber system, at national level. According to the top methodology, out of the 134,059 companies with headquarters in the Capital, which submitted the balance for 2019, only 50,133 companies met the eligibility criteria, among which 437 from the construction sector. The awards ceremony took place on November 25, 2020 in the virtual environment, due to the coronavirus pandemic.

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