The Murapol Group, one of the largest and most experienced residential developers in Poland, has improved its year-on-year financial results, despite the high 2022 base. Its sales revenue amounted to nearly PLN 1,216 million (+21% y/y) in consequence of handing over 2,801 apartments (+5.6% y/y). The Group’s net profit amounted to PLN 219.2 million, which represents a 3% increase compared with the previous year.
Total net sales amounted to 3,724 apartments compared with 3,652 in 2022, which represents 2% increase y/y. Net sales to retail customers amounted to 3,031 apartments (development contracts, preliminary contracts and paid reservation contracts, after the elimination of resignations) in 2023, which represents a 1.4% increase y/y. In the PRS segment, the annual sales within the design&build formula amounted to 693 apartments.
In 2023, the Murapol Group put 3,770 apartments on offer (+43.3% y/y) in 13 cities, including, amongst others, Gdańsk, Kraków, Poznań and the cities in the Upper Silesian urban area. As at the end of 2023, the Group had an active land bank for the construction of more than 21 thousand apartments in 17 cities.
We invite you to check Murapol Annual Reports and Consolidated Annual Report for 2023.
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Murapol after 2023: Strong results and one of the largest land banks on the market
03-04-2024
