on REALITES (EPA:ALREA)
REALITES unveils its new consolidated scope for 2024 after restructuring
Real estate group REALITES has published its consolidated results for 2024, marking the end of three years of transformation. Despite revenues reduced to €215.9 million, the company is preparing a recovery plan to emerge from the ongoing receivership. Founded in 2003, REALITES experienced sustained growth before facing a real estate crisis in 2023, impacting its investments.
The 2024 results show a negative EBITDA of -79.3 million euros and a net profit of -224.3 million. The firm is implementing various plans to refocus on real estate development, with a more agile economic structure and a focus on B2B. Governance has also been simplified.
REALITES is finalizing its recovery plan, which will be presented in the 4th quarter of 2025, hoping to stabilize its financial situation with the approval of creditors and shareholders.
R. E.
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