Nexity: solid fiscal year in 2018
(CercleFinance.com) - Published on Tuesday evening, Nexity's FY 2018 results exceeded the group's expectations.
The real estate group saw its net profit, group share increase by 52% compared to 2017, to 277 million euros. Meanwhile, underlying operating income came in at 373 million euros, up 10%. In addition, Ebitda has rose by 14% to 523 million euros.
Nexity reported revenues of 4.1 billion euros, up 16%, boosted by good performance both at the division for individuals (+12%) and the corporate division (+43%).
"Our financial performance in 2018, which exceeded the guidance given to the market a year ago, demonstrates the resilience of Nexity's model and its ability to combine growth and profitability.
On the strength of these results, a rapidly expanding backlog (up 12% at E4.5 billion) and over 10,000 employees committed to serving our clients, Nexity confirms all its medium-term guidance as disclosed to the market in June 2018, in particular compound annual growth of 10% out to 2021," said Chairman and CEO Alain Dinin.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The real estate group saw its net profit, group share increase by 52% compared to 2017, to 277 million euros. Meanwhile, underlying operating income came in at 373 million euros, up 10%. In addition, Ebitda has rose by 14% to 523 million euros.
Nexity reported revenues of 4.1 billion euros, up 16%, boosted by good performance both at the division for individuals (+12%) and the corporate division (+43%).
"Our financial performance in 2018, which exceeded the guidance given to the market a year ago, demonstrates the resilience of Nexity's model and its ability to combine growth and profitability.
On the strength of these results, a rapidly expanding backlog (up 12% at E4.5 billion) and over 10,000 employees committed to serving our clients, Nexity confirms all its medium-term guidance as disclosed to the market in June 2018, in particular compound annual growth of 10% out to 2021," said Chairman and CEO Alain Dinin.
Copyright (c) 2019 CercleFinance.com. All rights reserved.