AEDAS Homes : 9M 2023 Results: Good set of results, aiming for record year of deliveries
>Strong earnings result with mix top line due to delivered units vs consensus, concentration of deliveries expected in Q4 - Yesterday after market closed, Aedas Homes published its 9M 2023 results reporting net profit ahead of our estimates and consensus. Large concentration of deliveries to be expected in the last quarter, we foresee 1,626 deliveries to take place while company foresees above 1,800 units. On todays results, we highlight the following: Pre-sales ...Aedas Homes is engaged in the housing development business in Spain. The company has a portfolio of approximately 1.5 million square meters of land that it develops for residential purpose. Co. develops multifamily homes for the housing market in Madrid, Catalonia, Levante and Majorca, Costa del Sol and Seville.
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