(CercleFinance.com) – Kaufman & Broad is presenting its financial results for the 2021 financial year this evening. The annual turnover stands at 1.28 billion euros, against 1.16 billion euros in 2020.
EBIT also posted a marked increase, rising from 80.1 to 98.4 ME in the space of one year. The group share of net income finally stands at 43.9 ME, up on 2020 (40.1 ME).
‘The demand for housing, whether from individuals or institutional investors, is still strong’, notes the company, which recalls that growth is still limited by the difficulty of obtaining building permits, the rate of issue of which remains still slow – although a recovery was seen in 2021.
Over the full year 2022, Kaufman & Broad expects revenue to grow by at least 5%, with the Residential business presenting a more dynamic outlook. ‘The rate of current operating income (MOP) or EBIT should be above 7%’, adds the company.