(Update: details on indebtedness, share price)
PARIS (Agefi-Dow Jones)-The real estate developer Nexity announced on Wednesday that it is aiming for a turnover of more than 6 billion euros for 2026 and a current operating profit (COI) of more than 500 million euros, within the framework of its new strategic plan called “Imagine 2026”.
In a press release published on the occasion of a day dedicated to investors, the group indicated that it expected its net financial debt before lease liabilities to be less than 2.5 times the gross operating surplus. (Ebitda) after rents during the period 2022-2026. At the end of the first half of 2022, this debt ratio stood at 2.3, a level then qualified by the group as “high point of annual debt”, and at 1.5 at the end of 2021.
At 2:30 p.m., the stock fell 17.3% to 18.34 euros on the Paris Stock Exchange.
In addition, the group has indicated that it plans to pay a dividend greater than or equal to 2.50 euros per share for each financial year of the period from 2022 to 2026.
By 2030, Nexity has indicated that it is aiming for a residential real estate market share of over 20%.
“This ambition is based on a hypothesis of stability of the new housing market, in line with the history of the last ten years”, specified Nexity.
For 2022, Nexity confirmed its outlook, namely revenue of more than €4.6 billion and a current operating margin of around 8%.
This year, Nexity is also aiming for a market share of 14% in residential real estate in a market expected to reach 130,000 units.
-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: VLV – ECH
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September 28, 2022 08:51 ET (12:51 GMT)