Nexity published its Q3 figures. Revenues amounted to €2,250m, up by 11% yoy. The number of home reservations reached 14,508, up by 18% yoy. The group’s development backlog at 30/09/2017 stood at €4,459m, up by 11% from FY16. Average price per sqm increased slightly by 2.3% to €3,872. Management slightly lifted its revenue guidance, expecting growth of around 10%. It also upgraded its expected reservations for FY17 from 127,000 to 130,000 units.
23 Nov 2017
FY17 looks promising
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FY17 looks promising
Nexity SA Class A (NXI:PAR) | 0 0 0.9% | Mkt Cap: 2,690m
- Published:
23 Nov 2017 -
Author:
Zeineb SAHNOUN -
Pages:
3
Nexity published its Q3 figures. Revenues amounted to €2,250m, up by 11% yoy. The number of home reservations reached 14,508, up by 18% yoy. The group’s development backlog at 30/09/2017 stood at €4,459m, up by 11% from FY16. Average price per sqm increased slightly by 2.3% to €3,872. Management slightly lifted its revenue guidance, expecting growth of around 10%. It also upgraded its expected reservations for FY17 from 127,000 to 130,000 units.