Summary
- TM Grupo Inmobiliario reports a consolidated revenue of €256 million for 2024.
- EBITDA reached €35 million as the company reinforces its position in the residential tourism sector in Spain.
- The firm is set to launch notable new projects in both Spain and Mexico in 2025.
- TM hotel division achieved €53.2 million in revenue in Mexico, accounting for 18% of total group revenues.
- The company’s client base is highly international, with over 80% of sales coming from foreign markets.
TM Grupo Inmobiliario Reports Impressive Financial Growth and Strategic Expansion Plans
TM Grupo Inmobiliario, a valencia-based real estate firm specialized in building and promoting residential properties along the Mediterranean coast, has announced significant growth in its financial results for the fiscal year 2024. The company achieved a consolidated revenue of €256 million, accompanied by an EBITDA (earnings before interest, taxes, depreciation, and amortization) of €35 million.
Strong Position in the Residential Tourism Sector
The performance of TM Grupo Inmobiliario solidifies its position in Spain’s residential tourism sector, aligning with the goals outlined in its Strategic plan for 2024-2027, which aims for accumulated revenues exceeding €1.1 billion during this period. The company operates not only in the real estate sector but also has divisions in hotel management and agriculture.
- Real Estate Expansion:
– TM currently oversees 22 projects, accounting for approximately 1,600 residential units in progress.- An investment of €36 million in 2024 has been allocated to expand its land portfolio at key locations along the Mediterranean coastline.
International Customer Base
In 2024, TM’s clientele showcased a diverse international profile, attracting customers from 34 different nationalities. Remarkably, 80% of property purchases were made by international clients. Noteworthy statistics include:
- Top Foreign Markets:
– Poland: 30%
– Belgium: 9%
– Germany: 7%
- Netherlands: 7%
Hotel and Agriculture Divisions
The company’s hotel division in Mexico, operating under the brand The fives Hotels & Residences, contributed €53.2 million (18% of total group revenue) in 2024. TM operates four hotels in the Riviera Maya,providing over 1,000 keys,aiming for significant growth with a proposed revenue of €80 million by 2027.
In agriculture, under the brand Las moreras Fruit & Veggies, TM has increased its citrus production to over 3 million kilos, extending exports to various European countries, including Germany, the UK, france, and Poland.
Looking Ahead: Exciting Projects for 2025
The company’s leadership projects that 2025 will be a landmark year for TM Grupo Inmobiliario, with major real estate initiatives slated to launch in both Spain and Mexico. additionally, the completion of a new corporate headquarters in Torrevieja is on the horizon, featuring a state-of-the-art 7,000 square meter building designed to accommodate 200 professionals.
As of now, TM has secured 75% of its revenue targets for 2025 based on activities in the first quarter. CEO Pablo Serna emphasizes the company’s strategic direction, highlighting that the 2024 results affirm their alignment with the objectives of their Horizon TM 2027 plan. “We are on the right path to achieving our strategic goals,” Serna stated, crediting the dedication of staff and stakeholders for the company’s success.
TM Grupo Inmobiliario is not only experiencing substantial growth in revenue and strategic developments but is also well-positioned to continue its expansion in the competitive sectors of real estate and hospitality, both in Spain and Mexico.