INSUBCONTINENT EXCLUSIVE:
(MTRE3) reported impressive fourth-quarter results for 2024
The company achieved net sales of R$377.1 million ($63 million), marking a 20% increase from the same period in 2023
This growth contributed to a 26.7% year-over-year increase in total net sales, reaching R$1.3 billion ($217 million) for the full year
It reached 16.1% in Q4, up 3.9 percentage points from the previous year
For the trailing 12 months, the VSO stood at a robust 39.1%
units of the Haus Mitre Clementino project
This development had a VGV of R$188 million ($31 million) and achieved a 98% acceptance rate on first inspection
The total VGV reached R$1.951 billion ($325 million), marking a 31% increase from the previous quarter
This growth primarily resulted from the new Q4 launches
The expanded inventory positions Mitre for continued sales growth.Mitre generated R$9 million in cash during Q4 2024
This cash generation contributed to a 6.8 percentage point reduction in financial leverage for the year
Delivers 26.7% Annual Growth in 2024For the full year 2024, Mitre delivered 1,900 units
This figure represents a 26.8% increase compared to 2023
Impressively, 99% of the delivered units were sold by year-end
Brazilian real estate market
Q4 2024 follows a strong third quarter
The growth stands out given the challenges faced by the Brazilian economy in recent years
subsidiaries has allowed it to tap into different market segments
These factors combined suggest strong potential for continued expansion in the coming years.Investors and market analysts will closely watch
