INSUBCONTINENT EXCLUSIVE:
the same period last year.The company reported R$2.1 billion ($356 million) in total sales, excluding swaps, according to its operational
preview released on Thursday
Including swaps, contracted sales rose 41% year-over-year, reaching R$3 billion ($508 million).The company also recorded an extraordinary
surge in project launches, totaling R$3.4 billion ($576 million), representing a 183% increase compared to Q1 2024.Cyrela launched 18
projects during the quarter, doubling the nine launches from the same period last year
When including swaps, the General Sales Value (VGV) of these launches reached R$4.9 billion ($831 million), marking a 186% year-over-year
high interest rates and inflation pressures
(Photo Internet reproduction)High-end developments accounted for a significant portion of its portfolio, while affordable housing
record-breaking performance in 2024, when it achieved annual net contracted sales of R$12.6 billion ($2.14 billion), a 42% increase from the
broader economic headwinds
speed of sales for projects launched in Q1 2025 reached an impressive 57%, reflecting robust demand and efficient execution
housing.Cyrela plans to release its full financial results for the quarter on May 15, 2025
pipeline of projects and a balanced portfolio strategy, Cyrela appears well-positioned to sustain its growth trajectory throughout the year
