Nexity: 9m sales up 12% at E2,805m
(CercleFinance.com) - Nexity's sales reached 2,805 million euros at the end of September 2019, up 308 million euros (up 12% on a current basis compared to the end of September 2018, and up 5% on a like-for-like basis).
Under IFRS standards, sales amounted to 2,657 million euros, up 12% y-o-y. On a like-for-like basis, sales were 2,450 million euros, or up 4% y-o-y.
The group's backlog at the end of September 2019 amounted to 4.911 million euros (4,510 million euros for residential real estate and 401 million euros for corporate real estate). It represents the equivalent of 18 months of Nexity promotional sales (over 12 rolling month).
Nexity now targets sales and EBITDA growth of over 7% in 2019 (compared to "around 7%" previously). It expects to report 10% average annual growth in both revenue and EBITDA (over 2017-2021).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Under IFRS standards, sales amounted to 2,657 million euros, up 12% y-o-y. On a like-for-like basis, sales were 2,450 million euros, or up 4% y-o-y.
The group's backlog at the end of September 2019 amounted to 4.911 million euros (4,510 million euros for residential real estate and 401 million euros for corporate real estate). It represents the equivalent of 18 months of Nexity promotional sales (over 12 rolling month).
Nexity now targets sales and EBITDA growth of over 7% in 2019 (compared to "around 7%" previously). It expects to report 10% average annual growth in both revenue and EBITDA (over 2017-2021).
Copyright (c) 2019 CercleFinance.com. All rights reserved.