Shareholders and Investors
Good level of deliveries despite the difficulties generated by the pandemic. Results affected by the impact of the pandemic (impairment of assets, deviations in margins due to delays, higher financial expenses and loss in land sale operation for payment in kind). Important cash flows generation and debt reduction thanks to the deliveries. Significant impact on the company's forecasts due to the crisis generated by COVID-19. The Business Plan must be reviewed in early 2021. The Company is actively working on different formulas to overcome the effects of the crisis. Hope of getting the pandemic under control in the coming months and a significant economic recovery in 2021 that could boost the real estate market.