MADRID, 29 Jul. (EUROPA PRESS) –
Metrovacesa obtained a net profit of 12 million euros in the first half of the year, compared to losses of 2.2 million in the same period of the previous year, while at the same time increasing sales by 32%, to 246.6 million of euros.
As reported by the real estate developer to the National Securities Market Commission (CNMV), this latest figure corresponds to the deliveries made during the first six months of 2022, which add up to a total of 952 homes. Likewise, the gross operating result (Ebitda) increased by 183%, to 23.2 million euros.
The company defends that the operational activity continues to advance in line with the commitments made for the full year of 2022, in which it plans to deliver between 1,600 and 2,000 units, of which 93% are already pre-sold and close to 100% of completed construction works.
In this way, with the 952 homes delivered in the semester, 60% of the minimum objective proposed for the total of the year has already been covered, which represents an increase of 48% compared to the same period of the previous year.
Pre-sales of homes during the first half of the year amounted to 980 units, with an average price of 311,000 euros, 8% more than the average price of the first half of 2021. In addition, in the last twelve months it has registered pre-sales of 2,117 households.
“Despite a volatile context in recent months, for Metrovacesa the prospects for new-build housing continue to be favorable, due to demographic factors, the preference of buyers for new housing and the limited supply under construction”, it states in a statement.
In the same way, the promoter maintains its expectations of gross margin or the number of launches of new promotions for the coming months without changes. In this sense, it has 5,883 homes currently in the marketing phase, of which 1,390 units correspond to new launches in the first half of 2022, adding a total of 114 active projects and of which 52% are already pre- sold out.
The developer has a total of 3,360 homes currently under construction, and has completed work on 759 units during the first six months of the year, with more than 1,100 homes with building permits, which may begin construction soon.
On a financial level, the developer generated 76.3 million euros of gross operating cash, which represents an increase of 35% compared to the same period of the previous year. On the contrary, its net debt stood at 169.3 million euros, 4.5% higher, with a leverage ratio of 6.6%.
