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Aedas’s Profits Decrease by 35% to €23 Million

The housing developer closed the first nine months of its financial year with revenues of 272.8 million euros and a lower developer margin.

David Martínez Consejero Delegado AEDAS Homes 1 1024x575 1 1 1

The listed property developer, Aedas Homes, which is controlled by the North American fund Castlelake, has closed the first nine months of its financial year 2020 (from April to December) with a significant decrease in profits.

The company, which changed its financial year last year, achieved a net profit of 22.9 million euros during the first three quarters of 2020, down by 34.5% compared to the previous year.

Read the full article in Spanish.

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