AEDAS Homes is the first of the new great developers to turn a profit only eight months after entering the stock market and before what was expected by its business plan.
AEDAS Homes registered, between January and July, a total income of 14,7 millon euro, to which should be added 11,9 millon euro in tax credits. The income balance was reached by two routes: through the first deliveries of company houses (7.2 million euro) and by selling non strategic terrains (7.4 million euro). The gross margin of these operations reached 28,6%.
David Martínez, CEO of AEDAS Homes, states that the results were «very good» and believes that they «will be a pleasant surprise for the sector. The data is actually better than expected and confirms that we are exceeding our goals and margins. Additionally, the prospects until the end of the year and the visibility for 2019 and 2020 about the level of development of projects and the good rhythm of reservations and sales are positive, which leaves us confident to keep following our business plan», states David Martinez.