Local residential developer Impact Developer & Contractor recorded a net individual profit of around €17 million in 2024, double compared to the previous year. At the group level, the consolidated net profit was €12 million, also double compared to 2023.
The group's consolidated turnover increased by 80% in 2024, reaching more than €63 million. This significant increase was supported by strong housing sales, which totaled 329 units, generating revenue of aroumd €45 million.
The group's debt ratio decreased from 28% in 2023 to 22% in 2024. The value of bank loans decreased by €20 million, and liquidity increased by €4.3 million, reaching €14.8 million at the end of last year.
An important factor in achieving these results was the start of the procedure for signing sale-purchase and delivery contracts for apartments in the new development phase of the Greenfield Băneasa neighborhood.
"We have adapted our strategies and streamlined our operations and expenses, and this has led to positive results: doubling of net profit and an 80% increase in turnover," said Dan Sebastian Câmpeanu, CEO of Impact Developer & Contractor.
At the same time, Impact continued to strengthen its position in the real estate market, with a portfolio of 71 hectares of land in Bucharest, Constanța, and Iași. The company has building permits for 1,961 units, with an estimated market value of around €287 million.
