Cyrela Brazil Rlty S/Adr (CYRBY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Sorella Brasil Rio TSA's fourth quarter of 2024 earnings call. Today with us are Mr. Rafael Horn, CEO, and Mr. Miguel Mikkelberg, CFO and IRO. This call is being recorded and simultaneously translated into English. You can hear the translation by clicking the interpretation button. To those hearing the English translation, you can mute the original audio by clicking Mute Original Audio. You can also find the slide deck in English on the company's investor relations website at www.ri.serela.com.br. During the company's presentation, all participants will be in a listen-only mode. After the presentation, we will hold a Q&A session. To ask questions, please click the Q&A button and enter your name and organization. When your name is called, a request will pop up on your screen to unmute your microphone before asking your question. We would like to inform you that any statements that may be made during the call related to Sorella's business perspectives, operating and financial targets are projections made by the company's management that may or may not occur. Investors should understand that political, macroeconomic, and other operating factors may affect the future of the company and lead to results that differ materially from those expressed in such forward-looking statements. To open Sorella's 4Q24 earnings call, I'd like to turn it over to Mr. Rafael Horn, CEO. Mr. Horn, you may proceed. Good morning. We finished 2024 with operating and financial results that surpassed Cirello's historical landmarks, thanks to excellent execution. Despite the sector's unfavorable macroeconomics, bringing deteriorating expectations and asset prices in the second half of the year, the company grew in launches, resilience in sales and ...