Metrovacesa : 9M 2024: exceptional dividend of € 0.33 / sh to be distributed based on continued healthy momentum in presales YTD
>Net presales at +14.9% in value at € 511m on 9M 2024 with gross margin at 23.6% vs 24.2% in H1 2024 - This morning, Metrovacesa reports a solid 9M trading update supported by a healthy Spanish housing market:Pre-sales levels are still up at +14.9% in value. The number of units sold reached 1,518 (+8.3% y-o-y) at a higher average price of € 336k (+6% y-o-y). As a result, pre-sales coverage ratios remain healthy at 97% for deliveries in 2024, 81% of deliveries of ...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.
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