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Gafisa SA
BOVESPA:GFSA3

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Gafisa SA
BOVESPA:GFSA3
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Price: 1.48 BRL -9.76% Market Closed
Market Cap: R$33m

Gafisa SA
Investor Relations

Gafisa SA engages in the construction, development, and selling of residential properties. The company is headquartered in Sao Paulo, Sao Paulo and currently employs 426 full-time employees. The company went IPO on 2007-03-16. The firm's segments are Gafisa (for ventures targeted at high and medium income) and Tenda (for ventures targeted at low income). The firm's brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a range of residential options to the mid to higher income segments and Alphaville (equity method investment), which focuses on the identification, development and sale of residential communities. In addition, it provides construction services to third parties on certain developments in the Gafisa segment where it retains an equity interest. Its real estate business activities include developments for sale of residential units, land subdivisions and commercial buildings; construction services, and sale of units through its brokerage subsidiaries, Gafisa Vendas Intermediacao Imobiliaria Ltda and Gafisa Vendas in Rio de Janeiro, jointly referred to as Gafisa Vendas.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
Nov 10, 2023
AI Summary
Q3 2023

Record Sales: Gafisa achieved BRL 206 million in gross sales for the quarter and BRL 823 million year-to-date—its highest in five years.

Inventory Reduction: Total inventory fell by 30% year-on-year to BRL 1.8 billion, reflecting strong sales and fewer launches.

Focus on High-End: The company is advancing its shift to high-end projects, with key luxury launches coming in Rio de Janeiro and São Paulo.

Cost Efficiency: SG&A expenses decreased by 11% quarter-on-quarter and 35% year-on-year, signaling improved operational efficiency.

Stable Strategy: Management affirmed that slower-than-expected interest rate cuts do not affect its long-term high-end strategy.

Positive Outlook: Management sees favorable macro trends ahead, including expected increases in economic activity and lower interest rates.

Key Financials
Gross Sales
BRL 206 million (quarter), BRL 823 million (year-to-date)
Net Sales
BRL 177 million (quarter), BRL 715 million (year-to-date)
Net Revenue
BRL 266 million (quarter), BRL 842 million (year-to-date)
Inventory
BRL 1.8 billion
Cancellations
BRL 29 million
SG&A Expenses
BRL 37 million
Receivables
BRL 1.3 billion
Other Earnings Calls

Management

Ms. Sheyla Castro Resende
CEO & & Member of Executive Board
No Bio Available
Edmar Lopes
Chief of Financial & Investor Relations and Member of Executive Board
No Bio Available
Mr. Luis Fernando Garzi Ortiz
Business Director & Member of Executive Board
No Bio Available
Frederico Pereira Kessler
Executive Director of Incorporation & Member of Executive Board
No Bio Available
Taimir Larissa Contro Barbosa
Executive Director of Controllership & Member of Executive Board
No Bio Available
Carmelo Aldo Di Leta
Legal and Investor Relations Director & Member of Executive Board
No Bio Available
Mr. Rodrigo Osmo
Chief Executive Officer of Tenda
No Bio Available
Mr. José Luiz Mendes Ramos Júnior
Secretary
No Bio Available
Flavio Prieto
Investor Relations Manager
No Bio Available

Contacts

Address
SAO PAULO
Sao Paulo
Av. Pres. Juscelino Kubitschek, 1830, conjunto comercial 32,3 andar, Bloco 2, Itaim Bibi
Contacts
+551130259474.0
www.gafisa.com.br
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