Brazilian construction companies revealed mixed operational data for Q1 2025

Direcional's operational data for the first quarter of 2025 was considered slightly positive by Itau BBA, with a cash generation of R$100 million. Five construction companies, including Cyrela and Lavvi, released preliminary operational data for Q1 2025. Direcional's launches were 7% above BBA estimates, while sales were 5% below projections. Cyrela's launches exceeded expectations, but sales decreased. Analysts provided varied assessments, with some highlighting strong sales and others pointing to challenges like slower sales or lack of launches for some companies. Recommendations and price targets were maintained by some firms.