Metrovacesa Sa Metro (MRVCF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good morning. Welcome to the MetroBathesa 1H2026 results webcast. My name is Juan Carlos Calvo, Director of Corporate Development and Investor Relations. And with me today, as usual, we have Jorge Pérez de Leza, Chief Executive Officer of MetroBathesa, and Borja Tejada, Chief Financial Officer. Together, we will present an overview of our operating activity and financial results for the first half of the year. The presentation materials were released this morning and are available on both the CNNB website and the company's website. We have also distributed them by email to our usual list of analysts and investors. At the end of the presentation, we will hold a question and answer session. And if you wish to ask a question by phone, you may register at any time by pressing star five on your telephone keypad. And if you are joining via webcast, you may submit your questions directly through the webcast platform. and we will address them during the Q&A session. Now, Jorge, please go ahead. Thank you, Juan Carlos, and good morning, everyone, and welcome to our first half of 2026 presentation. I will start with the highlights, and I would title our results as solid in this first half of the year. Our total revenues are close to $316 million, which is 2.4 times what we had last year, mainly driven by 809 units delivered in this period. We are also confirming our gross margin improvement, which stands at 27.2%, boosting our EBITDA to close to 50 million euros and also a positive net profit of close to 18 million euros compared to negative figure last year. We've had a strong cash flow generation of close to 130 million euros and also with a stable debt position despite the significant dividend that we already paid in May of almost one euro per share. In the market co...