NRE Group A/S presents solid financial statements

NRE Group A/S Finsensvej 3 DK-7430 Ikast
8 July 2022
The real estate and construction group NRE Group A/S has just released the financial statements for 2021/2022 and presents a solid profit of DKK 35.7 million in NRE Group A/S.
 
The results of the NRE Group and the Parent Company for the financial year show a profit before tax of DKK 35.7 million, and at 30 April 2022, equity including minority interests amounts to DKK 108.5 million. The balance sheet of the Group is stated at DKK 367.0 million, and the equity ratio is 28.9%.
 
In 2021/2022, the result of NRE Group's sister group, NRE Real Estate A/S for the financial year shows a profit before tax of DKK 10.5 million. The total profit before tax for NRE Group and NRE Real Estate for 2021/2022 amounts to DKK 46.2 million.
 
The total equity in the two sister groups amounts to DKK 199.6 million.
 
Jacob Olesen, CEO and partner of NRE Group, considers the result to be satisfactory and states: “In the past financial year, the real estate industry has been characterized by a hectic level of activity, and the construction industry has experienced rising construction prices and difficult delivery conditions. In a market like this, it is all about having talented colleagues and I am very proud of the way our employees have tackled the various market challenges.”
 
However, the difficult market conditions seem to continue in 2022/2023, and at present there are still rising construction prices, rising interest rates and historically high inflation levels. These conditions create uncertainty in the industry, and this can clearly be seen in the stricter financing conditions.
 
Despite the difficult market conditions, NRE Group feels well equipped for the coming years: “We are true to our strategy, and therefore we have peace of mind. We collaborate with solid and well-established partners, and we will continue a fine activity level in 2022/2023 across Denmark, Norway and Sweden.” says Jacob Olesen.
NRE Group A/S Finsensvej 3 DK-7430 Ikast