TM Grupo Inmobiliario Sets Ambitious Revenue Goals for 2027

In an ambitious move to solidify its position in‌ the real ⁤estate⁢ market, TM Grupo Inmobiliario, headquartered in Torrevieja, Alicante, has announced a​ complete strategy aimed at achieving €1.1 billion in revenue by 2027.This plan⁣ comes off the heels‍ of a challenging 2024, where the ​company recorded consolidated revenue of €256 million—19.1% lower⁤ than the previous year’s record of €317 million.

Performance Overview and Decline in ⁣Sales

Despite the setback in sales, which resulted in an EBITDA of €35 million compared to €77.46 million in 2023, CEO Pablo Serna insists that the company is still on the right track. The decline can largely be attributed to the number of homes delivered—525 in 2024 versus 696 ‌in 2023.

“2024 has been the first year of our TM Horizon 2027 Plan and the results confirm that we are on the right path to reach our ​strategic objectives,” said Serna.

Expanding Horizons:⁤ Ventures in‌ Spain and⁣ Mexico

Founded in 1969, TM Grupo Inmobiliario has not only focused on residential ⁤tourism in‌ the Mediterranean but has also expanded into ⁤luxury‌ tourism in Mexico. Under the brand The⁢ Fives Hotels & Residences, the company operates four ⁣luxury resorts in the Riviera ⁢Maya, contributing €53 million to its consolidated revenue ‍in 2024—20% of ​the total revenue.

To‍ guarantee growth, the company is focusing heavily on real estate promotion and‌ has invested ‌€36 million in critical locations along the Mediterranean coast ⁢in 2024. This⁤ investment is expected to surpass one million⁢ square meters of land, equivalent to the‌ construction of over 12,000 homes.

Diverse Business Divisions and Future Plans

Besides real estate, TM Grupo Inmobiliario has other business⁤ divisions:

• Tourism:⁢ Luxury resorts in Mexico and Europe.
• Agriculture:​ Cultivating citrus fruits marketed under Las Moreras Fruit & Veggies with exports to multiple european‍ countries.
• Real Estate Intermediary Services: Buying,selling,and vacation rentals.

Looking ahead,the strategic plan estimates projected revenue of €80 million ​from its tourism division by 2027. The company is also gearing up for what it believes will be “one of the most vital years in the history of TM Grupo Inmobiliario”⁢ with significant new projects both in Spain and Mexico already benefiting from ​strong order intake.

Conclusion

With over 1,800 employees across Spain and Mexico, TM Grupo ⁢Inmobiliario is making strides toward recovery after a‌ year of decline. With the unveiling of a new corporate⁣ headquarters this summer, the‍ company is ⁤poised for⁢ an exciting​ period of⁣ growth.

Sources:
Expansion