Nexity: currently has solid cash position
(CercleFinance.com) - Nexity has announced a "solid" position, with up to 775 million euros in cash and 555 million euros in credit lines that are confirmed and undrawn.
It has confirmed a dividend payment of 2.70 euros per share in the first half of 2020.
The real estate group recently announced a suspension of its projects, search for accommodation and offices - either for purchase or rental, along with a suspension in purchase decisions by it clients - clearly at least for the duration of the confinement.
However, with an order backlog of over 5 billion euros and a potential pipeline of more than 15 billion euros in revenues in property development, without counting its recurrent services, the group boasts sound visibility over the medium term.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
It has confirmed a dividend payment of 2.70 euros per share in the first half of 2020.
The real estate group recently announced a suspension of its projects, search for accommodation and offices - either for purchase or rental, along with a suspension in purchase decisions by it clients - clearly at least for the duration of the confinement.
However, with an order backlog of over 5 billion euros and a potential pipeline of more than 15 billion euros in revenues in property development, without counting its recurrent services, the group boasts sound visibility over the medium term.
Copyright (c) 2020 CercleFinance.com. All rights reserved.