(CercleFinance.com) – Nexity has published a turnover of 2.9 billion euros for the first nine months of the year, down 4% compared to the same period a year earlier.
The Property Development activity fell by 7%, to 2.3 billion euros, while the Services activity increased by 9%, to 637 ME.
Nexity nevertheless underlines ‘a very good performance of the commercial housing activity in a sharply declining market’, with 11,446 new housing reservations at the end of September 2022: -8% in volume (vs a market down 21%); and -5% in value.
The company also confirms its annual objectives with >14% market share in residential real estate in a market expected at 130,000 units and sales of >4.6 billion euros, with a current operating margin of around 8%.
‘We are particularly vigilant in the current context on the control of our commitments and the control of our indebtedness. In the medium term, our strategic plan, Imagine 2026, shows a trajectory of profitable and responsible growth by capitalizing on the evolution of our model towards that of a global real estate operator,” commented Véronique Bedague, Chief Executive Officer.
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