javer announces 1q24 results, with double digit growth in gross profit, ebitda, and net income, as well as expansion in margins.
apr 25, 2024
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Servicios Corporativos Javer, S.A.B. de C.V., or Javer, is one of the largest Mexican housing developers in terms of units sold. Its history dates back to 1973, when Mr. Salomon Marcuschamer founded the predecessor companies with the purpose of addressing residential housing needs in the city of Monterrey, Nuevo Leon.
Javer develops housing projects in the affordable entry-level (below Ps. $300,000), middle-income housing (Ps. $300,000 to Ps. $850,000) and residential segments (above Ps. $ 850,000). The Company also sells commercial lots at certain affordable entry-level and middle-income housing developments.
Javer operates in the States of Mexico, Aguascalientes, Nuevo Leon, Queretaro, Jalisco, Quintana Roo, and Tamaulipas. The Company has also developed two residential apartment projects in Mexico City and ventured into Guanajuato in 2019 through a housing development operated from the Queretaro branch. Likewise, the Company will carry out development activities in the State of Puebla through the State of Mexico branch, capitalizing on the proximity between both markets, thus expanding its geographic footprint.
Servicios Corporativos Javer, S.A.B. de C.V. has 8 subsidiaries:
| Subsidiary | Business |
|---|---|
| Inmuebles Para Ti, S.A. de C.V. | Administration services |
| Casas Consentidas Javer, S.A. de C.V. SOFOM, E.N.R. | Financial services |
| Servicios Administrativos Javer, S.A. de C.V. | Administration services |
| Casas Javer, S.A. de C.V. | Real estate, sales, and marketing |
| Construccion de Viviendas Javer, S.A. de C.V. | Construction services |
| Casas Javer de Queretaro, S.A. de C.V. | Real estate, sales, and marketing |
| Casas Javer de Mexico, S.A. de C.V. | Real estate, sales, and marketing |
| Urbanizaciones Javer del Noreste, S.A. de C.V. | Urbanization and construction services |
On the other hand, control of Servicios Corporativos Javer, S.A.B. de C.V. was acquired in 2009 by a group of institutional investors through Management Trust formed by Southern Cross Group, Glisco Partners, and Arzentia Capital, who hold 39.35% of the Company’s stock. Likewise, 24.88% of the shares belong to Proyectos del Noroeste, S.A. de C.V. (a company owned by founding partner Salomon Marcuschamer) and the remaining 34.42% is held by the investing public.
To learn more about the organizational structure of Servicios Corporativos Javer, S.A.B. de C.V., please visit Corporate Structure.
Extensive experience in housing development: Javer's predecessor companies began operations in 1973.
Leading position in key markets: Javer is one of the largest Mexican housing developers in terms of the number of units sold through the Infonavit credit system for new housing.
Rapid growth supported by an efficient business model geared towards controlling working capital needs, generating high margins, and maximizing shareholder returns: The Company has consistently generated free cash flow and maximized its pre-tax ROIC..
Strong brand recognition and reputation as a provider of high-quality products and top-notch customer service: Through its aggressive marketing strategy, high-quality products, and customer service, Javer has been able to build strong brand recognition.
Well-balanced land bank located in strategic markets: Skill and experience in land acquisition, which is carried out as per all applicable legislation. Additionally, its land bank is acquired directly or through trusts with the owners of the land, where the Company is given the right to operate and develop.
Best Corporate Governance Practices: Since 2009, the Company has adopted corporate governance practices focused on the alignment of the interests of its shareholders and other stakeholders.
Experienced management team backed by well-known institutional investors: Combined experience of a management team that has been working together for more than 10 years and a solid group of institutional investors with a long-standing track record of success in Mexico.
Javer shares are listed on the Mexican Stock Exchange since January 13, 2016, under the ticker symbol JAVER*. There are 280,157,411 shares outstanding, of which 34.42% are held by the investing public.
Javer's shares are single series, with no par value, ordinary and nominative, with full voting rights and representative of the variable portion of the Company's capital stock.
Javer’s stock is covered by BTG Pactual, Signum Research, Apalache Analisis, and Miranda GR.