Metrovacesa, S.A.
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Metrovacesa, S.A. - overview
Established
1918
Location
Madrid, -, Spain
Primary Industry
Real Estate Development & Operating Companies
About
Based in Madrid, Spain, and founded in 1918, Metrovacesa, S. A. , a. k.
a. Metrovacesa is a real estate company that focuses on the construction and sale of sustainable housing, both single-family and multi-family residential properties. The company’s asset portfolio includes more than 6 million square meters of building land across Spain, as well as already-developed properties in cities, such as Malaga, Almeria, Cordoba, Barcelona, and Madrid, among others. In 2009, BBVA acquired a 28.
51% minority stake in Metrovacesa, S. A. In February 2018, Metrovacesa, S. A.
raised an IPO at EUR 16. 50 per share. As part of the transaction, the majority shareholders Banco Santander and BBVA have sold 25. 8% of Metrovacesa’s capital.
BBVA placed a total of 11,619,724 shares, which represent 26. 9% of its stake in the property company (7. 7% of the share capital). The company trades on the Spanish stock exchanges under the ticker symbol MVC.
Metrovacesa develops and leases residential and office space, and sells apartment blocks, shopping centers, parking lots, and other property. The company is also engaged in the promotion, urbanization, and parceling of real estate in general, as well as real estate management for its benefit or on behalf of third parties. In addition, the firm offers a search engine for individuals to search for properties across Spain. The company generated total revenue of EUR 510.
744 million with an EBIT of EUR 39. 132 million in the fiscal year 2021.
Primary Industry
Real Estate Development & Operating Companies
Sub Industries
Real Estate Development & Operating Companies
Website
www.metrovacesa.com
Verticals
Infrastructure, Real Estate Tech
Total Amount Raised
Subscriber access only
Metrovacesa, S.A. - timeline of key events
Metrovacesa, S.A. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 21,020,000 | 28,189,000 | 190,416,000 | 161,508,000 | 147,871,000 | - | - | - |
| % Revenue Growth (YoY) | - | 34.1% | 575.5% | (15.2%) | (8.4%) | - | - | - |
| EBITDA (USD) | 8,355,000 | (73,013,000) | 7,274,000 | 2,983,000 | (143,529,000) | - | - | - |
| Operating Income (USD) | 8,355,000 | (73,075,000) | 7,051,000 | 2,596,000 | (144,025,000) | - | - | - |
| Operating Margin | 39.7% | (259.2%) | 3.7% | 1.6% | (97.4%) | - | - | - |
| % EBITDA Margin | 39.7% | (259.0%) | 3.8% | 1.8% | (97.1%) | - | - | - |
| NET Income (USD) | (20,534,000) | (38,908,000) | (9,104,000) | (4,496,000) | (163,524,000) | - | - | - |
| % Net Margin | (97.7%) | (138.0%) | (4.8%) | (2.8%) | (110.6%) | - | - | - |
Metrovacesa, S.A. - employee data
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