In 1Q 2024 DEKPOL Deweloper sold 115 apartments

In the discussed period, the property development segment of the Group sold, on the basis of conducted reservation, real-estate development and preliminary agreements, 115 apartments, comparing to 93 apartments in corresponding period of 1Q 2023. In financial result of 1Q 2024 will be recognized 104 apartments comparing to 108 units in previous year.

At the end of March 2024, Dekpol Deweloper had 625 apartments in its sales offer.

– We assess the first quarter as a good one in terms of sales – especially compared to the beginning of the previous year, but our appetites are bigger, and we expect that subsequent quarters will be characterized by higher figures. We have a wide and diverse range of offerings, in which we see significant interest from customers in premium segment investments, combined with competitively priced land and relative stability on the side of material and construction costs, which should be positively reflected in achieved margins.

The market situation is favorable – investments in both the popular and premium segments are selling well. Of course, like everyone in the industry, we face long and complicated administrative procedures or limitations in land acquisition, but perhaps – considering the still very high housing needs of Poles – there will be some improvements in this area at the central level.

Despite the fact, that we own a rich bank of land, mainly in the Tri-City area, we think futuristically and continuously seek commercially interesting properties, not only in northern Poland. Currently, we are conducting analysis on several potential land properties – both in centers of large cities in Poland for investment apartment projects, as well as in surrounding areas for standard residential projects. – says Sebastian Barandziak, CEO of Dekpol Deweloper.

Goals of Dekpol Deweloper for 2024 include both – selling of 650 apartments based on reservation, real-estate development, and preliminary agreements, as well as achieving sales revenues of approximately 400 million PLN, consisting mainly of sales of about 500 apartments recognized in financial results, and revenues from execution of investment in Wrocław on Braniborska Street.

Management Board of Dekpol S.A. stipulates, that none of the above statements regarding the future should be understood or interpreted as a guarantee or assurance by the Company or entities belonging to the Dekpol Capital Group that such events will occur, and that the sales targets mentioned above will be achieved.

Contact for media:

Katarzyna Sadowska

cc group katarzyna.sadowska@ccgroup.pl

tel. +48 697-613-020

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Dekpol Capital Group is dynamically developing in construction and property development industry as well as in production of accessories for construction machines. The company was established in 1993. It owns a modern machine park and highly qualified staff. From the beginning of its business activities, it has ambition and determination to further dynamic development with usage of modern technologies. Business activities of the Dekpol Capital Group are based on three main segments. General Contracting services provide the largest share of the Group’s revenues. The offer covers a very wide range of activities. The company has extensive experience in implementation of industrial, logistic, commercial, public, sports and recreational facilities, as well as environmental protection facilities. It also carries out road, sanitary and hydrotechnical works. The company has an established leadership position in Northern Poland and is one of the largest general contracting companies for cubature facilities on a national scale. In turn, Dekpol Steel, the part of the Dekpol Capital Group, is a manufacturer of buckets and accessories for construction machines. It cooperates with the world’s largest manufacturers of construction machinery. The products are sold to Norway, Sweden, Germany, the USA and Great Britain, and even to Morocco and Australia. The third dynamically developing segment of the Dekpol Capital Group is the property development activity, which, from the beginning of 2019, as a part of Dekpol Deweloper Sp. z o.o. offers flats, apartments and commercial premises. Since January 2015, the shares of Dekpol S.A. are listed on the Warsaw Stock Exchange.

More information available at: https://dekpol.pl/