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Premier Earned €128 Million in 2020 From House Sales in Spain

The property developer owned by the French group Bassac delivered 500 homes in 2020, up by 4% compared to the previous year.

Premier España, a property developer specialising in residential housing that belongs to the Bassac group, closed 2020 with revenues of 128 million euros, which represents an increase of 13% compared to the same period a year earlier.

Its EBITDA was 19 million euros, down by 21% compared to the previous year driven by “by the mass delivery of social housing in 2020, which is less profitable since sale prices are limited”, explain sources from the company.

Read the full article in Spanish.

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