Homex (HXM) Guides FY09 Sales, EBITDA Margin
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Homex, S.A.B. de C.V. (NYSE: HXM) sees FY09 sales growth of 8-10% and EBITDA margin in the range of 23-24%.
During 2009, Homex expects challenging macroeconomic conditions to prevail across the globe. The Mexican economy, however, is better prepared than ever before to face such conditions. The Central Bank of Mexico has repeatedly articulated confidence in its estimates for economic growth in 2009, which, at the low-end of its range, is expected to be at the rate of 0.5 percent. Inflation is expected to stabilize at 4.0 percent, thus reducing pressure in the purchasing power of Mexican families.
At the same time, macroeconomic conditions have created a more challenging environment for the homebuilding industry in Mexico, where sofoles and bank mortgage origination programs have experienced a slowdown during the last quarter of the year. This potentially limits growth for homebuilders in the middle income and high affordable segments. Despite the slowdown, the Housing market will continue to create business opportunities for Homex.
Desarrolladora Homex, S.A.B. de C.V. engages in the development, construction, and sale of entry-level, middle-income, and upper-income housing in Mexico.
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Homex Construction Process
Carl Engelken on Feb 19, 2009 03:35 PMHomex of Mexico uses aluminum concrete formwork to cast the homes it constructs in Mexico. This method enables Homex to rapidly bring these homes to market with a huge cost savings. To see the construction process of Homex follow this link http://picasaweb.google.com/ConcreteForming/HomexOfMexicoHousingConstruction#