Metrovacesa : Healthy operating KPI for H1
>Improvement in level of deliveries and pre-sales in H1 2024 - Metrovacesa reported healthy advanced KPI on its pre-sales and delivery activity amid sustained fundamentals in the Spanish housing market, with GDP growth in Q1 24 (+2.5%) leading to further upgrades in forecasts for the year (+70bp in 6 months). Looking at today’s figures, we highlight the following:Deliveries stood at 675 units (+18% y-o-y), with 364 units delivered in Q1 2024, to generate € 235m ...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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