Earnings release
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I nexity Positive momentum in reservations 13,180 new home reservations at the end of September 2021 : -3 % in volume over 9 months , + 6 % in Q3¹ Encouraging signs for the refilling of the supply for sale Number of building permits obtained : + 28 % vs. 2020 , up for the first time since 2019 ( + 8 % ) Strong revenue growth ¹ : + 26 % vs. 2020 and + 22 % vs. 2019 9M 2021 Business activity and revenue ■ Revenues of € 3.1bn for the new scope¹ , driven by residential real estate development ( + 38 % ) and services ( + 10 % ) Strong rebound in coworking activities ( + 20 % ) , benefiting from the change in office uses Annual gets confirmed ■ ■ STRONG REVENUE GROWTH : + 26 % OVER THE FIRST 9 MONTHS ANNUAL TARGETS CONFIRMED I Around 20.000 new home reservations in 2021 Revenues over € 4.4bn ( excluding the contribution of disposed activities ) , at least equal to 2020 on the new scope Current operating profit of over € 360m , on the new scope , equivalent to an operating margin above 8 % Strong visibility on future activity ( pipeline of more than € 20bn ) Business potential of € 13.8bn , i.e. 5 years of development activity High backlog of € 6.6bn , i.e. 3 years of development activity Key figures as of end - September 2021 New home reservations France Volume ( nb of units ) Change 21 vs. 20 Development Residential Real estate Commercial Real estate Services Other activities Revenue new scope Disposed activities Reported revenue 2,492 1,907 1,966 + 31 % 2,133 1,543 1,691 + 38 % 359 364 275 -1 % 583 531 547 + 10 % 1 1 ns 3,077 2,438 2,514 + 26 % 211 299 291 3,288 2,737 2,805 + 20 % ( 1 ) Calculated on the new scope basis , i.e. without H1 2021 disposed activities : Century 21 ( consolidated until March 31st ) and Ægide - Domitys ( consolidated until June 30th ) . Véronique BEDAGUE , Chief Executive Officer , commented " For Nexity , the third quarter confirms the recovery momentum that has been underway since the beginning of the year . The increase in our granted permits for the first time since 2019 confirms the expertise of Nexity's teams in developing the most relevant projects to meet the challenges of tomorrow's cities . This is an encouraging sign for the future . Our new home reservations rose in the third quarter on a comparable basis . Demand for residential real estate is still strong from institutional investors . The extension of tax incentives scheme beyond 2022 for individual investors and first - time buyers gives us visibility to produce more housing . Nexity is confident in its ability to deliver its 2021 targets despite the observed rise in construction costs and certain supply delays . Our high level of backlog allows us to look at the future with confidence and ambition . In the face of climate , environmental and social emergency , it is more than ever necessary to accelerate the building of " the city over the city " , and to support the renewal of city centers whose infrastructures must be transformed to become more resilient and service - oriented . Our financial capacity will allow us to intensify our efforts with investments in this direction starting this year , and prepare for future growth . " of which retail sales of which bulk sales Value ( € m ) of which retail sales of which bulk sales Paris , October 26 , 2021 , 5.45pm CEST 9M Change 2021 21/20 13,180 -3 % 8,140 + 17 % 5,040 -24 % 2,868 -3 % 1,962 + 18 % 906 -30 % Revenue ( € m ) ( 1 ) 9M 9M 9M 2021 2020 2019 Change 21 vs. 19 + 27 % + 26 % + 31 % + 7 % ns + 22 % + 17 % Note : The financial data and indicators used in this press release are based on Nexity's operational reporting with joint ventures proportionately consolidated . The definitions of the indicators used in this press release can be found in the last pages of this document .