Realia Business, S.A. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 07, 2017
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Realia Business, S.A. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported Total revenue was EUR 23.3 million against total revenue of EUR 25.4 million a year ago. EBITDA was EUR 9.9 million against EBITDA of EUR 10.1 million a year ago. EBIT was EUR 10.3 million against EBIT of EUR 10.8 million a year ago. Earnings before taxes were EUR 9.4 million against earnings before taxes of EUR 62.7 million a year ago. Results after taxes were EUR 7 million against results after taxes of EUR 60.5 million a year ago. Net results were EUR 5.2 million against net results of EUR 58.6 million a year ago. Net financial debt was EUR 738 million against net financial debt of EUR 925 million a year ago. Earnings per share were EUR 0.0 against earnings per share of EUR 0.1 a year ago. Results were favored in first quarter of 2016 by a positive financial result of EUR 51.2 million. This result was mainly due to haircuts on the first three milestone payments concerning the Residential debt (EUR 54 million).
REALIA Business SA (Realia) is a Spain-based company engaged in the promotion, development and exploitation of rural and urban real estate properties. The Companyâs properties include office buildings and commercial centers in Madrid, Barcelona, Seville, Guadalajara, Soria, A Coruna and Murcia, as well as residential properties, garages, premises and storage areas in Alicante, Almeria, Girona, Balearic Islands, Las Palmas, Madrid, Malaga, Seville, Valencia and Valladolid. The Company operates through a number of real estate entities, such as Noralia SA, Valaise SL, Realia Business Portugal Unipersonal Ltda, Realia Polska Inwestycje Sp z oo, Realia Contesti SRL and Guillena Golf SL. In addition, the Company is a subsidiary of Inmobiliaria Carso SA de CV.
REALIA BUSINESS, S.A. 
