Dom Development had PLN 327.13 million in net profit, and PLN 413.05 million in EBIT in 2021

Dom Development recorded PLN 327.13 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 302.24 million profit a year earlier, the company said in the report.
The operating profit was PLN 413.05 mn vs. PLN 386.27 mn profit a year earlier.

Consolidated sales revenues amounted to PLN 1,897.49 million in 2021 compared to PLN 1,815.01 million a year earlier.

“In 2021, the Dom Development capital group entered a new level of activity. We consistently implemented the margin maximization strategy, while at the same time achieving a record sales volume. As a result, we increased the sales volume to 4,066 units, i.e. by 8% compared to 2020, and its value increased by as much as 21% - to the level of over PLN 2.5 billion. We dominate the market of apartments of the highest quality, which is confirmed by the average value of transactions in the group at the level - in 2021 it increased to 667 thousand. zloty . The scale of the implemented investments was also record-breaking - as at December 31, 2021, we had 5,930 units under construction. All our projects proceeded as planned and with very satisfactory margins, despite the strong pressure to increase costs. This is mainly due to the general contractors belonging to the Dom Development S.A. Capital Group, 'wrote President Jarosław Szanajca in a letter attached to the annual report.

On a standalone basis, the net profit in 2021 was PLN 306.77 million, compared to PLN 264.22 million in profit a year earlier.

Dom Development is a residential developer listed on the Warsaw Stock Exchange since 2006. In 2021, it sold 4,066 apartments.

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