Nexity published solid H1 figures. Revenues were up 21% yoy to €1.35bn, operating profit up 26% to €92m, group share of net profit up 39% to €49m and net debt at €256m. Management has revised upward its guidance for FY15 with revenues now expected to be €2.9bn from €2.75bn and operating profit of at least €200m (net of the €20m cost of the digital transformation) from €200m previously. The dividend is confirmed at €2. The French new home marke

24 Jul 2015
New target of €45 following solid H1 results

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New target of €45 following solid H1 results
Nexity SA (NXI:PAR) | 0 0 0.9% | Mkt Cap: 2,690m
- Published:
24 Jul 2015 -
Author:
Alda Kule Dale -
Pages:
2 -
Nexity published solid H1 figures. Revenues were up 21% yoy to €1.35bn, operating profit up 26% to €92m, group share of net profit up 39% to €49m and net debt at €256m. Management has revised upward its guidance for FY15 with revenues now expected to be €2.9bn from €2.75bn and operating profit of at least €200m (net of the €20m cost of the digital transformation) from €200m previously. The dividend is confirmed at €2. The French new home marke