Larimar City & Resort consolidates its maturity and enters a new phase of expansion
The first half of the year marks a turning point in the trajectory of CLERHP Structures SA and in the evolution of the project Larimar City & ResortThe figures reflect an undeniable reality: the group has reached a level of maturity that translates into a A stronger balance sheet, revalued assets, and a record pace of sales.
El The group's balance sheet grew by 21%, going from 67,7 to 82 million eurosThis was driven by the revaluation of assets in Larimar City and by the increase in inventory (+49%). Only the appraised value of the land —$220 million, equivalent to €188 million— represents the potential capital gain of 136 million euros with regard to cost, consolidating the asset strength of the project.
This growth is supported by a unprecedented commercial dynamism. The Cumulative sales reach $289 million, with 153 million from the B2C channel y 136 million from the B2B segment. The customer advances, which rise from 33,7 to 44,5 million euros, are the best proof of the real and sustained demand that Larimar City & Resort awakens in the international market.
On the financial front, CLERHP has strengthened its strategic alliances with the region and international markets. During the semester, the following was consolidated: Bank financing with Banco Mercantil de Panamá for 15 million dollars and the Issuance of up to $75 million on the Panama Stock Exchange, structured by International Financial Services Mercantile.
El working capital, which is located in 8,2 millones de euros, will continue to be strengthened thanks to the capital increases of 8,98 million, reflecting an increasingly solid financial position and readiness for expansion.
In parallel, the company has demonstrated a growing operational execution capacityConstruction of the towers is progressing steadily, accompanied by substantial infrastructure improvements. Furthermore, the incorporation of new key profiles in engineering, processes, investor relations and sales has enabled strengthen the organizational structure, giving the group greater agility and efficiency.
To all this is added a Half-year EBITDA of 2,9 million eurosa 40% increase compared to the previous period, clear evidence of the operational efficiency achieved even in a challenging global scenario.
The result is a group that not only grows, but It creates value and builds trustCLERHP and its flagship project, Larimar City & Resort, are facing this new phase with the aim of transform the latent value of your assets into sustained profitability, maintaining intact market confidence in the potential of its long-term vision.
Victor Martin
Corporate director
CLERHP