FOR IMMEDIATE RELEASE - São Paulo, March 18, 2022 - Gafisa S.A. (B3: GFSA3; OTC: GFASY), one of Brazil's leading homebuilders, announced today the operational and financial results for the fourth quarter and 2021, ended on December 31, 2021
3
FOR IMMEDIATE RELEASE - São Paulo, March 18, 2022 - Gafisa S.A. (B3: GFSA3; OTC: GFASY), one of Brazil's leading homebuilders, announced today the operational and financial results for the fourth quarter and 2021, ended on December 31, 2021
4
4Q21
3Q21
Y/Y (%)
4Q20
Y/Y (%)
2021
2020
Y/Y (%)
Launches
684,763
691,709
-1%
627,236
9%
1,684,576
898,255
87.5%
Gross Sales
231,316
159,470
45%
292,906
-21%
754,771
516,903
46.0%
Distratos
(34,428)
(83,675)
-59%
(21,026)
64%
(173,240)
(78,928)
119.5%
Net Sales
196,888
75,794
160%
271,879
-28%
581,531
437,975
32.8%
Sales Speed (SoS)
8.9%
5.0%
386 bps
20.5%
-1,163 bps
22.4%
29.4%
-701 bps
PSV Delivered
200,474
-
403,208
-50%
625,448
1,152,350
-46%
4Q21
3Q21
Y/Y (%)
4Q20
Y/Y (%)
2021
2020
Y/Y (%)
Net Revenue
222,195
166,754
33%
579,910
-62%
818,308
884,045
-7%
Gross Profit
27,609
66,232
-58%
113,633
-76%
208,630
181,221
15%
Gross Margin
12.4%
39.7%
-2,729 bps
19.6%
-717 bps
25.5%
20.5%
500 bps
Adjusted Gross Margin
21.5%
44.5%
-2,306 bps
29.0%
-750 bps
30.6%
29.5%
109 bps
Net Income
48,992
6,187
692%
28,979
69%
81,254
(76,521)
n/a
Adjusted Current Net Sales
347,777
292,478
19%
333,688
4%
347,777
333,688
4%
Revenues to be Recognized
39.9%
32.8%
719 bps
32.8%
717 bps
39.9%
32.8%
717 bps
Net Debt
709,353
735,423
(3.5%)
318,804
123%
709,353
318,804
123%
Cash and Cash Equivalents
612,785
454,154
34.9%
622,120
(2%)
612,785
622,120
-2%
Equity + Minority Shareholders
1,815,954
1,766,597
2.8%
1,558,388
17%
1,815,954
1,558,388
17%
(Net Debt)/ (Equity + Minority)
39.1%
41.6%
-257 bps
20.5%
1,860 bps
39.1%
20.5%
1,860 bps
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Gafisa SA published this content on 19 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2022 12:07:04 UTC.
Gafisa SA is one of the Brazilian leaders of individual houses building. The group's activity is organized around 3 sectors:
- construction and sale of individual houses: 2,354 units sold in 2018;
- development and sale of land;
- subcontracting construction services.
GAFISA S.A. 
