Nexity: H1 2013 Business Activity and Results


H1 2013 BUSINESS ACTIVITY AND RESULTS
Paris La Défense, Wednesday, 24 July 2013

Limited decline in volume of new home reservations in France to 4,441 units (-4%), slight increase in value (+4%). Annual order intake target for commercial real estate already secured

  • Backlog at end June: €3.2 billion (+2% from year-end 2012), including €2.8 billion in residential real estate (+4%), equivalent to 16 months' revenue from development activities*

Financial position in line with expectations

  • Half-year revenue of 1.3 billion, up 5.5% compared to H1 2012
  • Operating profit: 85.3 million (versus 81.5 million in H1 2012), yielding a stable Group margin of 6.7%
  • Consolidated net cash position of 182 million, 285 million in undrawn corporate credit lines

Outlook for 2013 confirmed

  • Residential: around 9,000 net new home reservations in an expected market of between 70,000 and 75,000 units
  • Commercial: order intake target of €350 million
  • Consolidated revenue for 2013 expected to exceed €2.6 billion
  • Current operating profit targeted for 2013 at over €180 million
  • Based on its outlook, the Company will consider proposing to its shareholders the renewal of a €2 per share dividend in 2014


*Revenue basis - previous 12-month period


Anhänge

H1 2013 Business Activity and results