Moura Dubeux Engenharia SA
BOVESPA:MDNE3
Moura Dubeux Engenharia SA
Moura Dubeux Engenharia SA engages in real estate development activities. The company is headquartered in Recife, Pernambuco. The company went IPO on 2020-02-13. The firm is active in the purchase and sale of properties; land subdivision, and leasing, development and construction of real estate properties. The firm portfolio mainly includes apartment buildings in the Brazilian states of Alagoas, Bahia, Ceara, Pernambuco and Rio Grande do Norte. As of December 31, 2011, the Company subsidiaries included MD Colonial Empreendimentos Imobiliarios Ltda, MD PE Distribution Park Suape Ltda, MD PE Novo Jardim Construcoes SA, MD PE Cedro Empreendimentos Imobiliarios Ltda, Moura Dubeux Engenharia e Empreendimentos SA, Clic Administradora SA, MD Imoveis Ltda, AGM Empreendimentos Imobiliarios Ltda and MD Edificio Hilson de Azavedo Mota Ltda, among others.
Moura Dubeux Engenharia SA engages in real estate development activities. The company is headquartered in Recife, Pernambuco. The company went IPO on 2020-02-13. The firm is active in the purchase and sale of properties; land subdivision, and leasing, development and construction of real estate properties. The firm portfolio mainly includes apartment buildings in the Brazilian states of Alagoas, Bahia, Ceara, Pernambuco and Rio Grande do Norte. As of December 31, 2011, the Company subsidiaries included MD Colonial Empreendimentos Imobiliarios Ltda, MD PE Distribution Park Suape Ltda, MD PE Novo Jardim Construcoes SA, MD PE Cedro Empreendimentos Imobiliarios Ltda, Moura Dubeux Engenharia e Empreendimentos SA, Clic Administradora SA, MD Imoveis Ltda, AGM Empreendimentos Imobiliarios Ltda and MD Edificio Hilson de Azavedo Mota Ltda, among others.
Strong Q3 Launches: Moura Dubeux launched BRL 1.3 billion in projects in Q3, maintaining its new scale and meeting its guidance for the year.
Record Sales & Revenue: The company sold over BRL 1 billion in the quarter, with net revenue reaching BRL 548 million and net profit of BRL 138 million.
Profitability & Margins: Gross margin hit 43% in Q3, with management noting this quarter’s margin is unusually high due to land acquired via swaps; margin is expected to normalize to 34–35%.
Dividend Commitment: Moura Dubeux confirmed BRL 51 million in dividends for November, with a minimum of BRL 100 million for the year.
Growth Outlook: The company expects to maintain or slightly surpass current launch and sales levels into 2026, driven by condominiums, Mood, and the new Única segment.
Low Leverage & Strong Cash Generation: Net debt remains low at 13.6% of equity, with a clear path to stable cash generation and higher dividends in coming years.
Labor Market Challenge: Labor shortages persist but are managed through vertical integration, prefabrication, and fees passed on in condominiums.
