Casas Javer Begins 2024 with Strong Growth
2024年5月8日 - 1:12AM
ビジネスワイヤ(英語)
Casas Javer, a leader in the development and sale of housing in
Mexico, has reported notable financial results for the first
quarter of 2024, marking a strong start to the year. In a
challenging economic environment, Javer has achieved significant
progress, highlighting a double-digit growth trend in its main
indicators, including a 15% increase in gross profit and a 25.2%
rise in EBITDA compared to the same period last year.
The company has achieved these results thanks to a strategy
focused on optimizing its product mix and maximizing profitability.
In the first quarter, net income amounted to 92.6 million pesos,
representing an increase of 55.2% compared to the first quarter of
2023, demonstrating the effectiveness of its management and
operational tactics.
Despite an 11.7% decrease in units sold, due to improvements in
the product mix, Javer has continued to reorient its offering
towards higher-value units, resulting in a 16.2% increase in the
average selling price, nearing the milestone of 800,000 pesos per
unit. This strategy has enabled it to increase its margins and
enhance the quality of its real estate portfolio, increasingly
orienting it towards the residential segment, which now represents
a more significant part of its revenue.
René Martínez, CEO of Javer, underscored the importance of these
results in the context of the company's long-term goals. "We began
2024 with operational continuity and outstanding financial
stability," commented Martínez. He added that these results reflect
the strength and resilience of the company's business model, even
in the face of macroeconomic challenges and the electoral processes
that often complicate the acquisition of permits and approvals.
Furthermore, the company has maintained its commitment to
sustainability, highlighted by obtaining EDGE certification for
1,051 homes in the quarter, demonstrating its dedication to
responsible and efficient construction. This focus not only
contributes to a reduced environmental impact but also offers its
clients more efficient and economically sustainable homes in the
long term.
In summary, the first-quarter results of Casas Javer tell a
success story that combines solid operational execution with a
conscious and future-oriented business strategy. With a strong
financial base and a balance with sustainability, Javer once again
positions itself as an undisputed leader in the Mexican real estate
market.
Read the full release at: Emerging Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20240507940039/en/
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