Consorcio ARA reported that in 2021 it obtained 6,376.8 million pesos, which represents an increase of 16.8% compared to 2020, after 6,464 units were sold last year, with an average price of 946 thousand pesos, 17.4% higher than the previous year.

When announcing the results of 2021 and detailing those of the fourth quarter, the general director of the aforementioned firm, Germán Ahumada Russek, commented that 2021 was a year of recovery and also of important challenges, with satisfactory results.

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The operating profit was 690.6 million pesos with a growth of 54.0%, and an operating margin of 10.8%. Meanwhile, the EBITDA was 961.9 million pesos with an increase of 46.8%, and an EBITDA margin of 15.1%. And the net profit of 584.3 million pesos with a growth of 52.6%, and a net margin of 9.2%, with a positive free cash flow of 870.0 million pesos.

Ahumada Russek highlighted that in the framework of the Covid-19 pandemic, an important challenge is inflation "In Mexico, the rate was at its highest level in the last two decades, and it was 7.36%, while inflation of residential construction was 12.7%, that is, much higher than inflation in general, which has affected the increase in the sale price of homes.

On the other hand, he highlighted that regarding its financial situation, the placement of long-term sustainable stock certificates was carried out, the ARA 21X and ARA 21-2X Emissions, for 1,500 million pesos, which also allowed to significantly improve the profile of maturities.

Meanwhile, debt with a short-term cost went from 60.9% in 2020 to 14.9% in 2021, while the long-term portion went from 39.1% to 85.1%.

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Regarding the results of the fourth quarter of 2021, it was detailed that revenues were 1,722.8 million pesos with a growth of 10.8%, compared to the same period of 2020. The units sold were 1,650 with a decrease of 7.4%, and the average price was 1 million 003.6 pesos, with an increase of 20.4%.

Operating Income was 169.6 million with a growth of 26.8%, and an operating margin of 9.8%. EBITDA of 241.1 million pesos, 16.9% higher, and an EBITDA margin of 14.0%, with net income of 135.6 million pesos, that is, an increase of 26.7%, and a net margin of 7.9%.

In Solili you can consult available departments in Obrera, Doctores y Centro

Original note