Metrovacesa : A major monetisation episode in view of reaching cruising speed
>An increase in the financial performance but weaker commercial activity - Metrovacesa (MVS) reported yesterday morning net income for 9M22 of € 16.2m (+64.6% y-o-y), reflecting an operating performance in line with gradual growth in activity which aims in the medium term a delivery rate of 2,500 units per year, despite a slowdown in commercial momentum related to the deterioration in the macroeconomic context:Commercialisation in line but momentum down in Q2: Me...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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