Ronson Development had a net profit of PLN 80.7m in 2023 against PLN 31.4m a year earlier, the company announced. Ronson’s revenue from the sale of units in the period amounted to PLN 395.5m (+32% y/y).
The company’s operating profit in 2023 amounted to PLN 106.2m (vs. PLN 48.5m in 2022).
“We are very satisfied with the results achieved in 2023. Our experience and Ronson’s flexibility allowed us to successfully operate in a dynamically changing market environment. We maintained a high sales pace and at the same time responded to reported demand. As a result, our offer remained diverse and attractive, resulting in a record 128% increase in flat sales relative to 2022. Our attention is already focused on 2024, which has had a satisfactory start in terms of sales levels. We are continuing our high growth rate to respond to the needs reported by our customers on an ongoing basis,” said CEO Boaz Haim.
Ronson Development sold a total of 1,006 units in 2023. The sales drivers were projects: Ursus Central, Miasto Moje, Viva Jagodno and Grunwald Między Drzewami. The company is preparing a further 17 residential developments and 6 PRS projects. The company’s land bank is secured for activity in the coming years, it was reported.
“With such strong demand as we faced last year after the launch of the ‘2% safe loan’ programme, the challenge was to properly manage the sales offer so that it was broad and attractive, but at the same time in line with changes in the cost environment. We have succeeded in this with a record. In 2024, we aim to maintain the results achieved in the previous year. We are consistently delivering on our sales plans, regardless of the shape of any demand support programmes,” said vice-president Andrzej Gutowski.
“We ended the year with a record financial result, characterised by high gross and net margins, and our financial position is now stronger than ever before. We have proven our ability to set ambitious targets and successfully achieve them. The results for 2023 put Ronson Development in an excellent position for the start of 2024,” CFO Yaron Shama concluded.
Source: Ronson Development and ISBnews
Photo: Ronson – Ursus Centralny
