Metrovacesa : 2021 targets maintained based on better visibility
>Pre-sales + deliveries + land sales in line - Metrovacesa posted a good operating performance in H1 2021 in line with its full-year guidance:Excellent pre-sales momentum: Metrovacesa chalked up record-level sales with 956 housing units in H1 2021, or 3x more than in H1 2020 and 14% better than H1 2019, with a unit price of € 288k, confirming a robust Spanish residential market driven by sustained demand from private owners and institutional investors.Signi...Metrovacesa SA, formerly Metrovacesa Suelo y Promocion SA, is a Spain-based real estate developer. The Company specializes in construction and sale of sustainable housing, both single-family and multi-family residential properties. Its activities also include promotion, urbanization and parceling of real estate in general, as well as real estate management for own benefit or on behalf of third parties. Its asset portfolio includes more than 6 million square meters of building land across Spain, as well as already developed properties in cities, such as Malaga, Almeria, Cordoba, Barcelona and Madrid, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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