The Murapol Group, one of the largest and most experienced residential developers in Poland, delivered 1,295 units to retail customers in the 1st half of 2024, compared to 1,592 units in the same period of 2023 (˗18.7% y/y). This result was in line with the group’s expectations and the timetable for completion of its projects. The group plans to intensify the pace of handovers in the 2nd half of 2024. This translated into sales revenue of PLN 584.1 million (˗12.8% y/y). The group earned a net profit in 1H 2024 of PLN 102.3 million.
Despite the market uncertainty in the 1st half of this year, the company signed 1,438 development contracts and preliminary contracts with customers (+5.5% y/y). The total net sales to retail customers in the period (development contracts, preliminary contracts and paid reservation agreements, excluding cancellations) were 1,521 units, similar to the number in 1H 2023 (1,539 units).
In 1H 2024 the Murapol Group introduced 2,285 units to its offer (+24.8% y/y) in nine cities, including the new operating market of Lublin. At the end of 1H 2024, Murapol had 4,530 units on offer (+46.1% y/y), placing the group at the top of the Polish market. At the end of June 2024 the Murapol Group had an active land bank with a capacity for construction of nearly 21,900 units in 19 cities.
We would like to invite you to read the Interim Condensed Financial Statements of Murapol S.A. for 1H 2024.
