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Press release Paris , July 12 , 2021 KAUFMAN ABROAD H1 2021 RESULTS ✓ Housing land portfolio of 35,000 units , i.e. approximately € 7.9 billion , incl . VAT in potential revenue ✓ Total backlog : € 3.5 billion ✓ Sound financial structure ■ Financing capacity : € 447.3 million Positive net cash ( excluding IFRS 16 ) : € 46.4 million ✓ 2021 guidance confirmed , suggesting that the 2021 dividend will be at least € 1.85 per share Key sales data ( H1 2021 vs H1 2020 ) ■ Total orders : ■ € 609.2m incl . VAT ■ Housing : € 569.7m incl . VAT vs € 872.0m incl . VAT ■ Commercial Property : € 39.5m incl . VAT Take - up period¹ for Housing : 4.0 months ( stable ) year - on - year Key financial data ( H1 2021 vs H1 2020 ) Total revenue : € 605.8m vs € 385.0m Of which Housing : € 519.1m vs € 352.3m • Gross margin : € 104.7m vs € 73.5m " EBIT margin * : 7.6 % vs 3.2 % EBIT : € 45.9m vs € 12.3m Attributable net income : € 22.7m vs € 2.1m Net cash² : € 46.4m vs € 62.5m at end - 2020 Financing capacity : € 447.3m vs € 465.2m at end - 2020 Key growth indicators Total backlog € 3,490.3m vs € 3,788.7.1m at end - May . 2020 Of which Housing : € 2,289.9m ( vs € 2,464.2.2m ) Housing property portfolio : 35,000 units vs 34,864 units at end - May 2020 Kaufman & Broad SA today reported its results for the first half of the 2021 fiscal year ( from December 1 , 2020 to May 31 , 2021 ) . Nordine Hachemi , Chairman and Chief Executive Officer of Kaufman & Broad , made the following comments : " In Q2 2021 , new project development remained on track and the Housing portfolio represented 35,000 units in volume terms , or approximately € 7.9 billion , including VAT , of potential business . However , as expected , sales were affected by the contraction in supply due to the more than 18 - month decline in building permits granted . In contrast , as shorter take - up periods have shown , demand from both individual buyers and private and public institutional investors remained robust . With Kalilog , Kaufman & Broad has launched a business focused on social housing across the entire country . The aim is to offer highly affordable housing units meeting Kaufman & Broad's strictest environmental standards . This portfolio currently comprises approximately 600 housing units . Kaufman & Broad won the bid for the first real estate project to be awarded the Frugal³ label ( the Malbec project in Bordeaux ) , demonstrating its ability to adapt to the local authorities ' evolving expectations . In response to high demand from international institutional investors for residential housing portfolios , Kaufman & Broad is developing portfolios of managed senior and student housing based on a unique developer / investor / operator model . These portfolios may be marketed based on historical operations . With regard to the senior residence program , Kaufman & Broad and Banque des Territoires ( Caisse des Dépôts ) expect to finalize the creation of a joint venture by the end of 2021 , which will develop a portfolio of about 10 senior residences for an investment of approximately € 150 million over the next few years . These residences will be managed by Cosy Diem , a joint venture between Kaufman & Broad and Serenis , a major player in the " ageing well " market . And finally , Kaufman & Broad confirms its ability to design commercial property projects that meet customers ' new requirements for both location and use . The development of a total of 27,500 sq.m of office space in Marseille , to be used primarily by a major French group , a tenant under a lease - before - completion ( BEFA ) , 1 Based on the first six months of the year 2 Based on net debt excluding IFRS 16 lease liabilities 3 The aim of the " Bâtiment frugal " label is to promote buildings that preserve existing natural spaces and fit into the surrounding area , make us of local industries , and take into account their occupants ' quality of life , all while reducing the buildings ' impact on the climate . * expressed as a percentage , it corresponds to current operating income , i.e. gross margin less current operating expenses divided by revenue KAUFMANA BROAD 1/11 H1 2021 Results July 12 , 2021