Metrovacesa S.A. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021
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Metrovacesa S.A. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported revenue was EUR 335.2 million compared to EUR 64.1 million a year ago. Net income was EUR 10.4 million compared to net loss of EUR 82.1 million a year ago.
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.