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It also anticipates a growth in its market share, in a new housing market in France more buoyant than expected in 2019: -2% -4% against -7% expected early in the year.
"We need to put into perspective the 'seasonality' of Nexity's combined activities, and in particular that of the Corporate Real Estate promotion, to understand the reasons for expected revenue and EBITDA 2019 growth around the year. 7% (against at least 5% previously) that may appear as a lag compared to the strong growth of the first half ", explained its president, Alain Dinin.
In the first half, Ebitda jumped 22% to 226 million euros, representing a margin of 12.3% against 12% a year earlier. Turnover rose 18% to 1.84 billion euros. It has increased by 6% constant.
On the commercial front, new housing reservations in France totaled 9,486 units, representing 1.923 billion euros (+ 15% in volume and value). Invest Securities highlights the good performance of the group compared to its competitors, Kaufman & Broad and Icade, whose bookings in value were down 6.5% and 12%.
In corporate real estate, order intake reached 138 million euros and the company confirmed its objective of achieving the same level of orders as in 2018: 349 million euros.
In total, Nexity posted a promotional backlog of 4.76 billion euros (+ 6.6%).
Finally, the group proposes a dividend per share of 2.70 euros for 2019, against 2.50 euros before, and at least the same level until 2022.
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