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{{Short description|Mexican housing developer}}
{{Infobox_Company
{{Infobox company
| company_name = Coporación Geo, S.A.B de C.V.
| name = Casas GEO, S.A.B de C.V.
| company_logo =
| logo =
| company_type = [[Public company|Public]] ([[Mexican Stock Exchange|BMV]]: [http://economia.terra.com.mx/empresas/detalle.aspx?idtel=RV032GEOB GEO] <br> [[BMAD]]: [http://www.bolsamadrid.es/comun/fichaemp/fichavalor.asp?isin=MXP3142C1177&id=esp XGEO])
| type = [[S.A. (corporation)|Sociedad Anónima Bursátil de Capital Variable]]
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| foundation = ([[1990]])
| traded_as = {{BMV|GEO|5401}}<br /> {{BMAD|isin=MXP3142C1177|XGEO}}
| location = {{flagicon|Mexico}} [[Mexico City]], [[Mexico]]
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| foundation = 1990
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| key_people = Luis Orvañanos Lascurain, ([[Chairman]] & [[CEO]])
| industry = [[Construction]]
| location = [[Mexico City]], [[Mexico]]
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| key_people = Luis Orvañanos Lascurain, <small>([[Chairman]] & [[CEO]]) </small>
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| products =
| industry = [[Construction]]
| revenue = {{increase}} [[United States dollar|US$]] 1.2 Billion ([[2008]])
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| products =
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| net_income = [[United States dollar|US$]] 101.4 Million ([[2008]])
| revenue = {{decrease}} [[United States dollar|US$]] 1.4 billion <small>(2012)</small><ref name=":0">{{cite web |title=Corp GEO SAB de CV - Company Profile and News |url=http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=GEOB:MM |url-status=dead |archive-url=https://web.archive.org/web/20121012000941/http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=GEOB:MM |archive-date=October 12, 2012}}</ref>
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| num_employees = 20.588
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| net_income = {{decrease}} [[United States dollar|US$]] 80.8 million <small>(2012)</small><ref name=":0" />
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| parent =
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| num_employees = 23,724
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| homepage = [http://www.corporaciongeo.com www.corporaciongeo.com] <br> [http://www.casasgeo.com.mx www.casasgeo.com.mx]
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| parent =
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|}}
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| homepage = [http://www.corporaciongeo.com www.corporaciongeo.com]<br /> [http://www.casasgeo.com.mx www.casasgeo.com.mx]|
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}}


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'''Casas GEO''' ([[Mexican Stock Exchange|BMV]]: GEOB / [[Bolsa de Madrid|BM]]: XGEO) was a leading housing developer in Mexico and one of the largest in [[Latin America]]. The company was engaged in all aspects of design, development, construction, marketing, sales and delivery of mainly low-income housing developments in Mexico. With operations in 52 cities across 16 states, GEO was one of the most geographically diversified homebuilders in Mexico.


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Since its inception, the company had sold more than 510,000 homes which currently provide housing to 2 million persons. Geo's business model focused mainly in the affordable entry level and economic segments.
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'''Casas Geo''' ([[Mexican Stock Exchange|BMV]]: [http://economia.terra.com.mx/empresas/detalle.aspx?idtel=RV032GEOB GEO] / [[BMAD]]: [http://www.bolsamadrid.es/comun/fichaemp/fichavalor.asp?isin=MXP3142C1177&id=esp XGEO]) is a leading housing developer in [[Mexico]] and one of the largest in [[Latin America]]. The Company is engaged in all aspects of design, development, construction, marketing, sales and delivery of mainly low-income housing developments in Mexico. With operations in 52 cities across 16 states, GEO is one of the most geographically diversified homebuilders in Mexico.


In 2005, GEO entered the European market through the Latibex index, being the first housing company in Mexico to achieve this.<ref>{{Cite web|url=http://casasgeo.com/reportaje.asp?seccion_id=70|archive-url=https://web.archive.org/web/20100919013235/http://casasgeo.com/reportaje.asp?seccion_id=70|url-status=dead|archive-date=2010-09-19|title=Casas GEO|date=2010-09-19|access-date=2020-01-27}}</ref>
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Since its inception the company has sold more than 460.000 homes which currently provide housing to 2 Million people. Geo's solid business model focuses mainly in the affordable entry level and economic segments.


Reuters reported an announcement made by GEO to the Mexican stock exchange in 2019, that a court in Mexico City declared the company in a state of bankruptcy with effect from March 8 due to a failure to make its payments.<ref>{{Cite web|url=https://www.reuters.com/article/corporacion-geo-bankruptcy/mexicos-geo-says-declared-bankrupt-by-court-idUSL1N20Z1HJ|title=Mexico's Geo says declared bankrupt by court|date=2019-03-13|website=www.reuters.com|access-date=2021-04-30}}</ref>
In addtion the company is active in the financial sector and it offers credit intermediation services.


== References ==
== References ==
{{reflist}}


{{IPC companies}}
{{authority control}}


[[Category:Companies listed on the Mexican Stock Exchange]]

[[Category:Companies listed on the Madrid Stock Exchange]]

[[Category:Companies based in Mexico City]]

[[Category:Companies of Mexico]]
[[Category:Real estate companies of Mexico]]
[[Category:Defunct companies of Mexico]]

Latest revision as of 16:35, 26 June 2024

Casas GEO, S.A.B de C.V.
Company typeSociedad Anónima Bursátil de Capital Variable
BMV: GEO
BMAD: XGEO
IndustryConstruction
Founded1990
HeadquartersMexico City, Mexico
Key people
Luis Orvañanos Lascurain, (Chairman & CEO)
RevenueDecrease US$ 1.4 billion (2012)[1]
Decrease US$ 80.8 million (2012)[1]
Number of employees
23,724
Websitewww.corporaciongeo.com
www.casasgeo.com.mx

Casas GEO (BMV: GEOB / BM: XGEO) was a leading housing developer in Mexico and one of the largest in Latin America. The company was engaged in all aspects of design, development, construction, marketing, sales and delivery of mainly low-income housing developments in Mexico. With operations in 52 cities across 16 states, GEO was one of the most geographically diversified homebuilders in Mexico.

Since its inception, the company had sold more than 510,000 homes which currently provide housing to 2 million persons. Geo's business model focused mainly in the affordable entry level and economic segments.

In 2005, GEO entered the European market through the Latibex index, being the first housing company in Mexico to achieve this.[2]

Reuters reported an announcement made by GEO to the Mexican stock exchange in 2019, that a court in Mexico City declared the company in a state of bankruptcy with effect from March 8 due to a failure to make its payments.[3]

References

[edit]
  1. ^ a b "Corp GEO SAB de CV - Company Profile and News". Archived from the original on October 12, 2012.
  2. ^ "Casas GEO". 2010-09-19. Archived from the original on 2010-09-19. Retrieved 2020-01-27.
  3. ^ "Mexico's Geo says declared bankrupt by court". www.reuters.com. 2019-03-13. Retrieved 2021-04-30.
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