Trade Aedas Homes, S.A.U. - AEDAS CFD

About Aedas Homes SA

Aedas Homes SA is a Spain-based company engaged in the real estate sector. The Company focuses on the land acquisition, as well as construction, promotion and sale of residential properties. The Company develops projects in a range of Spanish cities, such as Valencia, Alicante, Barcelona, Madrid, Malaga and Seville. It offers multifamily buildings in type of towers and block of flats.

Financial summary

BRIEF: For the six months ended 30 September 2021, Aedas Homes SA revenues increased from EUR66.2M to EUR236.4M. Net income totaled EUR24.5M vs. loss of EUR8.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Inventory Impairment decrease from EUR1.6M (expense) to EUR0K, Financial Income - Total increase of 52% to EUR321K (income).