ATAL SA ZY 5 Aktie

Atal reported revenue of PLN 314.8m and net profit of PLN 55.3m in Q1 2026; gross margin was 29.4% and net margin 17.6%. Results were driven by a 129% increase in apartment handovers and geographic diversification across eight Polish cities. For 2026 the company plans to deliver around 3,300 apartments, launch 10–12 new projects and holds a pipeline of 40 projects beyond 2027; management recommends a dividend of 8.1%. Risks remain rising construction costs (expected 3–4%) and possible regulatory and geopolitical effects on material and fuel prices. » More on de.investing.com

Atal recorded a 44% revenue decline in Q2 2025 to €390m, but maintained a record gross margin of 34% and beat analysts’ EPS expectations with $0.94. Revenue was slightly above forecasts (+1.69%), and the stock fell 2.79% after the release. The company cut its 2025 sales target to around 2,000 apartments, expects higher sales in Q4 and potential handovers of over 6,000 apartments in 2026. Management emphasized operational efficiency, a solid cash position and confidence despite ongoing interest rate and demand pressures. » More on de.investing.com

ATAL reports for H1 2025 a revenue decline of 44% to 390.2 mln PLN and a net loss reduction of 63% to 57.5 mln PLN; sold units fell 42% to 735. Gross margin improved, but net margin was hit by sharply higher finance costs; inventories rose markedly to 4.22 bn PLN and total liabilities to 3.10 bn PLN. The company continued investing in land (108 mln PLN) and expanded its housing stock to 8,688 units, supported by an extensive project pipeline. ATAL plans 3,447 handovers for 2025 and 6,069 for 2026; investors should monitor liquidity needs and maturities in the coming years. » More on de.investing.com