Javer reported a net income growth of 3.5% compared to 1Q21. This was mainly due to a 21.5% increase in average price, driven by the improved sales mix, despite a lower volume of units sold.
Likewise, EBITDA in 1Q22 was Ps. 210.2 million, an important increase of 9.4% compared to the same period of 2021 and 58.8% compared to the 2019 pre-pandemic levels, primarily attributed to cost minimization.
Consequently, net income climbed 24.9%, from Ps. 16.1 million at the end of 1Q21 to Ps. 20.1 million this quarter.
The Company's CEO stated: "For the last twelve-month period ended March 31, 2022, the same growth momentum is reflected in several indicators, compared to the years ended December 31, 2021 and 2019, such as prices, up 9.0% and 35.3%, revenues up 0.8% and 2.7%, and EBITDA up 1.7% and 19.6%, respectively".
Additionally, PCR Verum assigned the housing developer, Javer, a long-term corporate rating of A+, which reflects a positive outlook for the Company with a good credit quality, based on its sound leverage levels and financial strength.
