Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on NEXITY. We currently have 3 research reports from 1 professional analysts.
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Solid H1 16 figures – Q2 even better than Q1
22 Jul 16
Another positive set of figures for Nexity, following a solid Q1. Revenues at €1.36bn stand stable yoy as Commercial Real Estate decreased by 36% to €128m as expected due to the higher comps in the previous year. The group’s backlog at €3.6bn (or 17 months of revenue) is up 7.9%, reservations are up 38.1% yoy in volume to 8,382 net new homes and up 31.6% in value to €1.4bn. Management maintains a degree of cautiousness, as the particularly strong figures in both Q1 and Q2, supported by the Pinel + PTZ schemes (catch-up effect), are not expected to be sustained throughout the year. The FY16 target is confirmed and management only raised its operating profit expectations: reservation of new homes is expected to be in line with the market at 120,000 — or a ~12% share for Nexity — revenues are expected to be €3bn, operating profit is now seen at €245m (from €235m), and a dividend is seen at €2.20 (up 10%). Edouard Denis’s 55% acquisition stake will be consolidated in the Residential Real Estate division by H2 16.
Solid figures, target raised to €47
18 Feb 16
We have updated our figures following the solid FY publication: * Results are up in 2015 and beat targets with revenues up 16% to €3.06bn; * Home reservations are up 13% in volume to 11,741 and 19% in value €2.3bn; * Order intake from Commercial real estate more than doubled to reach €403m; * And the operating profit gained 20% to €220m, while dividend was announced at €2.20 per share, up from the guided €2.00. For FY16, reservations are expected to stand at 105,000-110,000. Management sees revenues at c. €3bn, an operating profit of at least €235m and the dividend to stand at €2.20 per share. In the medium term, management targets operating profit of as much as €300m (FY18). Additionally, Nexity expects external growth to be driven by the new (55%) partnership with Edouard Denis.
New target of €45 following solid H1 results
24 Jul 15
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 market is now estimated at 94,000-100,000 units from 90,000-95,000 units previously, with a stable 12% share for Nexity.
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
11 Jan 17
Joules Group (JOU): Strong festive trading (BUY) | Shoe Zone (SHOE): Tough FY16 could be just the beginning (HOLD) | H&T (HAT): Alternative lender emerging (BUY) | Omega Diagnostics* (ODX): ISO accreditation received for Pune, India (CORP) | Redcentric* (RCN): Interims – restoring forecasts (CORP)
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.