Metrovacesa : Performance in line with our recovery scenario for Metrovacesa
>Encouraging performance with a view to meeting its full-year guidance - Metrovacesa posted Q1 2022 results broadly in line with our expectations and its FY guidance:New pre-sales record: Metrovacesa sold 568 units in Q1 2022, up 40% y-o-y, with an absorption rate that continues to improve, at 6.9% vs 5.1% in Q1 2021, reflecting robust demand from private owners and the return of non-nationals in particular to the Costa Del Sol. Development revenues up 102%...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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