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Business Plan 2017-2022

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The company expects to exceed 20% of the chief figures of the previous plan (2017-2021). Also noteworthy is the company’s ability to obtain land at lower cost than initially estimated as a result of the team’s management capacity.

This new plan forecasts a turnover of 1,915 million euros, delivering some 7,880 dwellings, generating an operating cash flow of 463 million euros, investing 673 million euros in land and paying out 87 million euros in cash dividends during the period.

The bases for this restatement are as follows:

 

STRATEGIC POSITIONING

  • Quabit is a Spanish real estate group with over 20 years’ experience, listed on the stock exchange since 2006 whose business is based on creating value via integral management of the entire real estate cycle via two chief lines of business: land management and real estate development.
  • Quabit is a Spanish real estate group with over 20 years’ experience, listed on the stock exchange since 2006 whose business is based on creating value via integral management of the entire real estate cycle via two chief lines of business: land management and real estate development.
  • It is a nationwide company aimed at resuming its position as one of the leaders of the real estate market in Spain and is taking up positions in those areas with the greatest growth potential (Madrid, Corredor del Henares, Malaga, Costa del Sol and Community of Valencia, among others).
  • Quabit’s growth plan is managed by a high qualified team with tried and trusted experience in the property sector with a deep knowledge of the market and high management performance.
  • QUABIT is one of the few companies focused on real estate development with direct exposure to recovering and consolidating the real estate market.
A SOUND BALANCE SHEET
 
  • Quabit is a Spanish real estate group with over 20 years’ experience, listed on the stock exchange since 2006 whose business is based on creating value via integral management of the entire real estate cycle via two chief lines of business: land management and real estate development.
  • Sound financial structure and asset situation.
  • Off-balance sheet value levers: Tax credits pending recognition and discharges of debt.
  • New debt repayment schedule: 9.4% the next 2 years; 26.4% the following 2; and 64.2% in 2022.
GREATER VISIBILITY OF THE BUSINESS PLAN
 
  • Land portfolio: Quabit’s current land portfolio plus the land acquisitions completed that will materialise shortly together with the residential developments the company has in execution and for sale lend great visibility to its ambitious Business Plan.
  • Capture of financial resources: QUABIT expects to capture up to 95 million euros via a capital increase and via new financing in the sum of 120 million euros for land acquisition, a part of which will arise from the renewal of the line signed with the Avenue Capital Group.
CREATING VALUE AND REMUNERATION FOR SHAREHOLDERS
 
  • Good Corporate Governance. Quality information and market transparency.
  • Payout of dividends in cash in the sum of 87 million euros as from  2019. Objectives: 1. Return on investment in excess of 5% in respect of a dividend. 2. Quintuple the company’s book value. 3. Exceed 1,000 million euros on the balance sheet.

Please refer to documentation attached in PDF format: :

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