PHM Group Holding, a leading real estate service group in Finland, recently reported impressive financial results for the months of January to May. The company’s turnover increased by approximately 44.6 percent compared to the same period last year, reaching 339.4 million euros from 234.7 million euros. When comparing turnover to previous years, the figure was 343.3 million euros, an increase of approximately 8.2 percent.
The growth in turnover can be attributed to several factors, including the expansion of the contract base, additional sales, price increases, and successful acquisitions made by the company. EBITDA also saw a substantial increase to EUR 51.6 million from EUR 33.8 million while operating cash flow increased to EUR 47.1 million from EUR 30.8 million during the review period.
In its management review, PHM stated that contract sales continued to grow significantly during this period, with additional sales seeing an even more significant increase than before.
PHM’s profitability improved thanks to these factors as well as successful price adjustments and operational enhancements resulting from past acquisitions.
During the review period, PHM made a total of eleven acquisitions in its operational countries and ventured into new geographic regions by doing so.
Post-review period, PHM completed even more acquisitions in Finland and Sweden and acquired Swiss company Investis Group.
Investis Group provides residential and commercial property management services through its subsidiaries.
These strategic moves have allowed PHM to expand its market share and establish itself as a leader in real estate services across Europe.
Overall, PHM’s financial performance was outstanding during this period due to its ability to adapt quickly to changing market conditions and make smart business decisions that helped it grow and succeed in an increasingly competitive industry.
