Arco Vara AS 2019 AR2
The report outlines the financial and operational performance of Arco Vara AS for the fiscal year 2019. The company achieved a revenue of 13.1 million euros and a net profit of 388 thousand euros, driven by residential real estate developments in Estonia and Bulgaria. During the year, 82 apartments were sold, primarily from the Kodulahe Stage II project in Tallinn, while construction commenced on Kodulahe Stage III and Kodukalda in Tartu. Additionally, the group transitioned its service division to a licensing model, earning fees from real estate agencies operating under its trademark. The report also highlights the company's commitment to social responsibility, focusing on sustainable design, energy-efficient construction, and employee well-being.
Company: Arco Vara AS
Sector: Real estate
Country: Estonia
Year: 2019
Type: AR2
Pages: 62
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Arco Vara AS
Annual Report
The report outlines the financial and operational performance of Arco Vara AS for the fiscal year 2019. The company achieved a revenue of 13.1 million euros and a net profit of 388 thousand euros, driven by residential real estate developments in Estonia and Bulgaria. During the year, 82 apartments were sold, primarily from the Kodulahe Stage II project in Tallinn, while construction commenced on Kodulahe Stage III and Kodukalda in Tartu. Additionally, the group transitioned its service division to a licensing model, earning fees from real estate agencies operating under its trademark. The report also highlights the company's commitment to social responsibility, focusing on sustainable design, energy-efficient construction, and employee well-being.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees