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Press release Paris , October 1 , 2021 RESULTS FOR THE FIRST NINE MONTHS OF FISCAL YEAR 2021 ✓ Housing property portfolio of 35,034 units , i.e. approximately € 8.1 billion , including VAT , in potential revenue ✓ Overall backlog : € 3.4 billion Financing capacity : € 374.4 million KAUFMANA BROAD ✓ 2021 guidance confirmed , suggesting a 2021 dividend of at least € 1.85 per share Key components of sales activity ( 9M 2021 vs 9M 2020 ) ■ Total orders : ■ € 878.1m incl . VAT ■ Housing : € 837.1m incl . VAT vs € 1,077.4m incl . VAT Kaufman & Broad SA today announced its results for the first nine months of its fiscal year 2021 ( from December 1 , 2020 to August 31 , 2021 ) . Nordine Hachemi , Chairman and Chief Executive Officer of Kaufman & Broad , made the following comments : " Momentum for Housing orders improved in the third quarter ( + 7.9 % in volume terms and + 30.2 % in value compared to the third quarter of 2020 ) . This confirms ■ Commercial Property : € 41.0m incl . VAT vs the robustness of demand , from both individual buyers and private and public institutional investors . € 1,098.3m incl . VAT ■ Take - up period¹ for Housing : 4.6 months vs 3.0 months at end - August 2021 Key financial data ( 9M 2021 vs 9M 2020 ) Overall revenue : € 889.4m vs € 657.4m Of which Housing : € 765.4m vs € 585.7m Gross margin : € 153.4m vs € 121.6m EBIT margin * : 7.4 % vs 4.6 % EBIT : € 66.2m vs € 30.3m Attributable net income : € 31.7m vs € 10.6m Net debt² : € 28.0m vs € 27.5m at end - August 2020 Financing capacity : € 374.4m vs € 465.2m at end - 2020 Key growth indicators ( end - August 2021 vs end - Nov . 2020 ) Overall backlog € 3,444.8m vs € 3,631.1m Of which Housing : € 2,271.9m vs € 2,383.2m Housing property portfolio : 35,034 units vs 35,086 units However , the more than 20 - month decline in building permits granted continues to dampen the property supply , despite the latter having increased by 6 % from end - May to 1,988 units . Kaufman & Broad's ability to plan for the future remains intact , with a Housing land reserve of more than 35,000 units at end - August , i.e. approximately € 8.1 billion , including VAT , of potential business , and an overall backlog of € 3.4 billion . Two proceedings have been brought before the Paris Administrative Court of Appeals regarding the building permit obtained for the Gare d'Austerlitz project on December 14 , 2020. The summary proceedings for the suspension of work were dismissed on July 6. A hearing has been scheduled for October 21 , 2021 on the appeal of the building permit . It therefore still seems possible that the contracts will take effect , at the earliest , in the second half of 2022 . Kaufman & Broad also continued to pursue its strategy of developing portfolios of managed senior housing as part of a unique developer / investor / operator model . As discussed in July , Kaufman & Broad and Banque des Territoires ( Caisse des Dépôts ) thus signed an agreement in September to create a property company to develop a portfolio of about 10 senior residences for 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 senior housing market . In line with our guidance , revenue for full - year 2021 is expected to be close to € 1.3 billion with an EBIT margin equivalent to the 2020 figure . The earnings outlook for fiscal year 2021 , the soundness of Kaufman & Broad's financial structure and its high backlog suggest that the dividend payable for fiscal year 2021 will be at least € 1.85 per share . The outlook as a whole health situation . " based on a stabilization of the current economic and Based on the first nine months of the year 2 Based on net debt excluding IFRS 16 lease liabilities * Expressed as a percentage , it corresponds to current operating income , i.e. gross margin less current operating expenses divided by revenue KAUFMAN ABROAD 1/11 Results for the first nine months of 2021 October 1 , 2021