Desarrolladora Homex Sees 2013 Revenue Down 23%-24%

Desarrolladora Homex SAB (HOMEX*) said 2013 revenue will fall 23 percent to 24 percent from the previous year.

Profit margin excluding interest, tax, depreciation and amortization will be between 23 percent and 24 percent including the builder’s prison projects, Homex said today in a statement to the Mexican stock exchange.

Cash flow will range from 700 million pesos to 1 billion pesos excluding the prison projects, or from neutral to negative 200 million pesos including them, the company said in the statement.

Shares of Homex, the nation’s largest homebuilder, fell 0.7 percent to 29.59 pesos in Mexico City.

To contact the reporter on this story: Brendan Case in Mexico City at bcase4@bloomberg.net

To contact the editor responsible for this story: Jose Enrique Arrioja at jarrioja@bloomberg.net

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