Earnings release
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nexity VERY GOOD FIRST QUARTER IN TERMS OF BUSINESS ACTIVITY AND REVENUE CONFIRMING THE ANNUAL GUIDANCE AND IN PARTICULAR A STRONG GROWTH IN OPERATING PROFIT Paris , April 28 , 2021 , 5:45 p.m. DYNAMIC BUSINESS ACTIVITY New home reservations in France : 3,897 units , representing growth of 7 % by volume vs Q1 2020 , worth € 882m , up 11 % by value relative to Q1 2020 . Commercial Real Estate order intake of € 301m , including in particular the sale of the Reiwa building , located in Saint - Ouen ( Paris region ) . Backlog remained stable at € 6.8 billion , i.e. 23 months of revenue¹ . ■ Service businesses showed resilience . ■ STRONG REVENUE GROWTH Revenue of € 1,132m ( up € 345m ) in Q1 2021 , showing very strong growth compared to Q1 2020 ( up 44 % ) , due to favourable base effects and therefore not representative of the growth expected for 2021 . Very strong business activity in Residential Real Estate Development ; Strong impact of the quarter's Commercial Real Estate orders . INCREASINGLY COMMITTED After obtaining the Great Place to Work certification in 2020 , Nexity received the highest accolade by winning the Best Workplaces award . Nexity's commitment to reducing its carbon footprint is now validated by the Science - Based Targets initiative ( SBTi ) . ■ ■ 2021 GUIDANCE CONFIRMED INCLUDING THE EXPECTED EFFECT OF DISPOSALS Residential Real Estate : around 20,000 new home reservations in France , despite a supply shortage . ■ Commercial Real Estate : order intake of € 400m excl . VAT . ■ ■ ■ Revenue of at least € 4.6bn taking into account the deconsolidation of Ægide - Domitys expected by the end of H1 2021 , which is at least equivalent to revenue for 2020 on a like - for - like basis . Current operating profit expected to rise sharply relative to 2020 , to € 350m ( + 23 % ) at least . Exclusive negotiations with AG2R La Mondiale for the disposal of a majority stake in Ægide - Domitys ( 100 % enterprise value of € 375m ) around the end of H1 2021 , with Nexity retaining 18 % of the share capital . Exclusive negotiations with Arche for the disposal of Century 21 France ( 100 % enterprise value of € 84m ) , closing the strategic review initiated at year - end 2020 . Proposed dividend of € 2 per share in respect of 2020² . The financial data and indicators used in this press release - including forward - looking information - are based on Nexity's operational reporting with joint ventures proportionately consolidated . 1 Calculated using revenue over a rolling 12 - month basis for Residential Real Estate and the five - year average for Commercial Real Estate . 2 Subj to approval at the Shareholders ' Meeting of May 19 , 2021 . Page 1/11 www.nexity.fr