Homex (HXM) Issues Guidance for 2007
More News related to HXM
- Homex Calls General Extraordinary Shareholders' Meeting
- Homex Development Corp. (HXM) Reports Q3 EPS of $0.59
- Homex Third Quarter 2009 Results
- HOMEX Applauds FOVISSSTE's New Factoring Program with NAFIN
- Desarrolladora Homex Teleconference Advisory
More News related to Guidance
- Applied Materials (AMAT) Post Better Than Expected Profit, But To Show 1,500 Workers The Door
- Ctrip.com (CTRP) Posts Q3 adj.-EPS of $0.44, Tops Views; Guides Q409 Revs
- Hill-Rom (HRC) Tops Q4 Views; Guides FY10
- Applied Materials (AMAT) Guides Q1 EPS, Sales on Conference Call
- Green Mountain Coffee (GMCR) Serves Up Great Quarter, But Traders "Sell The News"
Homex (NYSE: HXM) announced guidance for 2007.
"The housing market in Mexico continues to be strong and I believe the ratifications announced last week of Mr. Carlos Gutierrez as President of CONAVI, and Mr. Victor Borras as CEO of INFONAVIT, provide further certainty to market outlook," commented David Sanchez-Tembleque, Homex's Chief Executive Officer.
In 2007, Homex expects revenues to increase 17% to 20% in real terms, while maintaining an efficient operation. The Company forecasts an improved 2007 EBITDA(5) margin of approximately 24.0%. In addition, Homex expects to continue reporting neutral to positive free cash flow after capex and land acquisition for 2007.
Related Categories
GuidanceStocks Mentioned
+0.16Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
