(Image: Reproduction/Cyrela)
The second quarter is “going well” for Cyrela (Cyre3) and macroeconomic conditions are compatible with the construction company’s set of launches to 2025, which is expected to grow over last year, the company’s co-president Raphael Horn said on Friday.
“I think we will launch our entire grid for this year and that means growth over last year,” Horn told analysts after the dissemination of Cyrela’s quarterly outcome on the eve of the day before. “Our base scenario is this… it seems that the conditions are good for that.”
“Obviously, we can change our minds and cut launch, but I don’t think that’s what will happen,” Horn added.
The construction company released a 23% increase in the net profit From the first quarter compared to the same period of 2024, to R $ 328 million, with a 24% expansion in net revenue.
Santander analysts considered solid results, in line with the bank’s estimates, and reiterated Cyrela as “Top Pick” based on factors such as the construction portfolio of the construction company and a return on 20.9% equity (ROE) in the last 12 months – which Horn said he expects to maintain.
Last year, Cyrela totaled a value launched of $ 9.6 billion, excluding permitted units, 45% growth compared to 2023. Within the sector, MRV reported in April that it expects to raise its value released this year to $ 11 billion, against $ 9.4 billion by 2024 (+17%).
In relation to the housing program My house, my life (MCMV), which recently won a new middle -class financing line, Cyrela’s chief financial officer Miguel Mickelberg said the news does not change the company’s strategy, which operates in the economic segment under the Vivaz brand.
“We signaled that MCMV will represent a volume that should be close to 30% (of the releases) of the year, this is already an important growth,” said Mickelberg, adding to be “very excited” with the segment.
In addition to Vivaz, Cyrela also has exposure to the popular segment through its Jint Ventures Cury and Plan & Plan.
This Friday (16), Cyrela’s shares closed up 3.10%, to R $ 26.25. In the year, the construction company accumulates high of 61%.
Source: Moneytimes
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