Another set of excellent results from Nexity following a solid H1. Revenues at €3.07bn are stable yoy, however the guidance on operations has been exceeded with an operating profit at €266m, ahead of the already revised €2.45m. Revenues in Residential real estate at €2.27bn gained 4.9% yoy supported by the buoyant market, while revenues in the commercial segment at €306.9m decreased by 19.1%, hit by higher comps and relatively weaker demand environment. Finally, Servi
22 Feb 2017
Excellent figures with a record high backlog
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Excellent figures with a record high backlog
Nexity SA Class A (NXI:PAR) | 0 0 0.9% | Mkt Cap: 2,690m
- Published:
22 Feb 2017 -
Author:
Alda Kule Dale -
Pages:
2
Another set of excellent results from Nexity following a solid H1. Revenues at €3.07bn are stable yoy, however the guidance on operations has been exceeded with an operating profit at €266m, ahead of the already revised €2.45m. Revenues in Residential real estate at €2.27bn gained 4.9% yoy supported by the buoyant market, while revenues in the commercial segment at €306.9m decreased by 19.1%, hit by higher comps and relatively weaker demand environment. Finally, Servi