Adjusted revenues amounted to €257 million in 2017, representing a growth of 10%, and operating income (adjusted EBITDA) reached €146 million, 10% more than in 2016. In 2017, the cash generation was of €100 million, representing a conversion ratio of 68%. Lastly, net corporate debt stood at €443 million.
In 2017, Haya managed an average of approximately €40,000 million in AuMs, and got seven new contracts, which represented an increase of €4,274 million in its management perimeter, strengthen its position as one of the leading real estate servicing companies in the market with a diversified customer base. Precisely, the acquisition of the servicing business of REOs of Liberbank added more than €3,000 million to the total assets managed.
Carlos Abad, CEO of Haya, said "I am very pleased to share our results for 2017, a year in which we have been able to keep our growth and in which our business has registered a solid performance, at the same time that we have continued developing the rest of our business areas to continue offering excellent service to our customers. 2018 will be the year in which we want to position Haya as the most qualified independent real estate services company in the market, which will allow us to capture new business opportunities in the attractive Spanish market ".