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2021-10-26

Nexity: 9M 2021 Business activity and revenue

                                                                                
Paris, October 26, 2021, 5.45pm CEST

STRONG REVENUE GROWTH: +26% OVER THE FIRST 9 MONTHS
ANNUAL TARGETS CONFIRMED

Positive momentum in reservations

  • 13,180 new home reservations at the end of September 2021: -3% in volume over 9 months, +6% in Q31

Encouraging signs for the refilling of the supply for sale

  • Number of building permits obtained: +28% vs. 2020, up for the first time since 2019 (+8%)

Strong revenue growth1: +26% vs. 2020 and +22% vs. 2019

  • Revenues of €3.1bn for the new scope1, driven by residential real estate development (+38%) and services (+10%)
  • Strong rebound in coworking activities (+20%), benefiting from the change in office uses

Annual targets confirmed

  • Around 20.000 new home reservations in 2021
  • Revenues over €4.4bn (excluding the contribution of disposed activities), at least equal to 2020 on the new scope
  • Current operating profit of over €360m, on the new scope, equivalent to an operating margin above 8%

Strong visibility on future activity (pipeline of more than €20bn)

  • Business potential of €13.8bn, i.e. 5 years of development activity
  • High backlog of €6.6bn, i.e. 3 years of development activity

Key figures as of end-September 2021

New home reservations France9M 2021Change
21/20
 Revenue (€m)9M 20219M 20209M 2019Change
21 vs. 20
Change
21 vs. 19
Volume (nb of units)13,180-3% Development2,4921,9071,966+31%+27%
of which retail sales8,140+17% Residential Real estate2,1331,5431,691+38%+26%
of which bulk sales5,040-24% Commercial Real estate359364275-1%+31%
    Services583531547+10%+7%
Value (€m)2,868-3% Other activities1-1nsns
of which retail sales1,962+18%
Författare GlobeNewswire