07/30/2019
1H 2019 RESULTS
Quabit maintains its goal of reaching its cruise speed in year 2022 with the delivery of 2,700 home units on an annual basis, and exceeding Euro 600 million of annual turnover and Euro 70 million of annual EBITDA. The Company’s plans include reaching recurring positive operational results from the last quarter of this year. The 2020 financial year should be the first one with operational profits.
25/07/2019
Buy-back programmes, stabilisation and treasury stock
Quabit’s Board of Directors has decided to carry out a temporary share repurchase program in order to secure the needs of the Incentive Plan approved by the General Shareholders’ Meeting held on June 27, 2017.
Download23/07/2019
1S 2019 Results Presentation: Webcast and Conference Call information
Quabit will release financial results for the first Semester 2019 on Thursday 30th, July before 09.00 a.m. (Madrid time).
Information relatig to the Webcast and Conference Call:
Webcast URL: http://inversores.grupoquabit.com/
Conference Call information:
- Spain: +34-917-911283
- UK: +44-20-3478-5289
- Access Code: 848 248 128
- Pasword: resultados
Other international phone numbers: https://grupoquabit.webex.com/grupoquabites/globalcallin.php?serviceType=EC&ED=795337382&tollFree=O
Contact: Investors Relations – inversores@grupoquabit.com – Tel. +34 91 436 48 98.
Download16/07/2019
Buy-back programmes, stabilisation and treasury stock
Quabit’s Board of Directors has decided to carry out a temporary share repurchase program in order to secure the needs of the Incentive Plan approved by the General Shareholders’ Meeting held on June 27, 2017.
Download19/06/2019
Buy-back programmes, stabilisation and treasury stock
Quabit’s Board of Directors has decided to carry out a temporary share repurchase program in order to secure the needs of the Incentive Plan approved by the General Shareholders’ Meeting held on June 27, 2017.
Download16/05/2019
Acquisition of Rayet Construcción
In order to solve the issues with the execution of construction works, in terms of cost and compliance with schedules, Quabit has decided to integrate the constructive process and with this aim has agreed the acquisition of Rayet Construcción for a price of Euro 13.1 Million. The purchase price has been agreed to be delivered in two tranches: 30% in cash at the closing of the transaction; 70% in share
Quabit integrates the construction activity with the acquisition of Rayet Construcción in order to ensure compliance with the construction schedules for its developments, limit the impact of construction costs and advance in the industrialization of the constructive process.
Download16/05/2019
Q1 Results presentation & 2018-2022 Business Plan Update
Quabit maintains its goal of reaching its cruise speed in year 2022 with the delivery of 2,700 home units on an annual basis, and exceeding Euro 600 million of annual turnover and Euro 70 million of annual EBITDA. Quabit integrates the construction activity with the acquisition of Rayet Construcción in order to ensure compliance with the construction schedules for its developments, limit the impact of construction costs and advance in the industrialization of the constructive process.
Download13/05/2019
Q1 2019 Results & 2018-2022 Business Plan Update Webcast Presentation May 16TH
28/03/2019
Quabit Inmobiliaria, via its wholly-owned subsidiary Quabit Finance, has placed a bond issue in the sum of 20 million euros
This issuance, with a 4-year maturity, bears an 8.25% coupon payable annually. These will be the funds used for new investments, the financing of new projects and moving forward with the company’s growth and expansion plan which it is currently pursuing. This operation forms part of Quabit’s strategy to lend the company greater financial flexibility while at the same time advancing in its strategy of diversifying funding sources.
Download28/02/2019
2018 Results Presentation
Setting the grounds for Growth
Financial Strength: Equity +31%, LTV -16pp.
€63 M Succesfull monetary Capital Increase (overdemand of 1,8x).
€6 M Succesfull non monetary Capital Increase
Development for residential rental business Project.
Business Plan on track
190 home units delivered in 2018 (215 at 17.02.19, 100% 2018 target).
Strong investments(1) in land bank (>€180 M since 2017, repercussion <20%).
~4,000 home units under development (50% Plan 2018-22).
New developments launched (1,467 home units in 2018, 18% Plan 2018-22).
Commercial strength (793 pre-sales in 2018, +148% vs. 2017).
Management Commitment
Management Incentive Plan approved (conditioned to EBITDA & 100% Total Shareholder Return).