Spain · Delayed Price · Currency is EUR Metrovacesa Earnings Call Transcripts
Fiscal Year 2026
-
Revenues surged 138% year-over-year to EUR 316 million, with gross margin up to 27.2% and net profit at EUR 80 million. Strong cash flow and pre-sales coverage support guidance for over EUR 200 million gross operating cash flow in 2026, with robust market demand and margin resilience.
Fiscal Year 2025
-
Record 2025 results with revenue up 8% YoY, EBITDA up 74%, and net profit up 258%. Strong cash flow enabled a EUR 240 million dividend (17% yield), while a robust pre-sales backlog and disciplined land strategy support positive outlook for 2026.
-
Strong H1 2025 results with EUR 133 million revenue, 22% gross margin, and robust pre-sales. Full-year guidance is reiterated, with higher margins and positive net profit expected, supported by a solid sales backlog and resilient market demand.
Fiscal Year 2024
-
Delivered 2,000 units in 2024, achieving record revenues of €660 million and a net profit of €16 million. Pre-sales and backlog remain strong, with guidance for 2025 targeting higher margins and at least €150 million in operating cash flow.
-
Pre-sales and backlog reached record highs, with revenues up and margins above target. Cash flow and dividend guidance are reaffirmed at the high end, supported by strong market demand and new financing. Regulatory changes in Madrid and major project deliveries mark significant developments.
-
Strong H1 2024 results with 42% revenue growth, record pre-sales, and improved margins. Sales backlog and coverage ratios support positive outlook, while robust Spanish market fundamentals and ESG progress underpin future growth.