Servicios Corporativos Javer, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2017. Net revenues increased 20.5% to MXN 2,327.5 million in fourth quarter compared to MXN 1,932.3 million in fourth quarter of 2016, due to the enhanced sales mix, which continues with a significant trend towards the low middle-income segment and a better average sales price for each housing segment. EBITDA grew significantly in 42.5% to MXN 386.3 million from MXN 271.0 million in fourth quarter of 2016, boosted by the growth in volume, the sales mix improvement and a higher average sales price. Net result was MXN 143.8 million in the quarter compared to loss of MXN 114.9 million in fourth quarter of 2016. Net income per share was MXN 0.52.

For the year, net revenues rose 7.2% to MXN 7,563.0 million from MXN 7,051.9 million in 2016, despite the decrease of the commercial lot sales revenues, due to the improvement of the sales mix and the overall sales prices obtained during the year. The EBITDA was MXN 956.1 million in 2017, a 3.9% increase compared to the MXN 920.2 million reported in 2016, due to the same effects mentioned before. Net result was MXN 441.6 million compared to loss of MXN 464.1 million in 2016. Net income per share was MXN 1.59.

For 2018, the company expects double-digit growth in revenues, between 5% to 7.5% higher EBITDA, and a slightly positive free cash flow given an expected strong land investment needed to support the Company's strategy for 2019 and 2020.