I numeri di Nexity

Q1 2013 Revenue and business activity

New home reservations stable in value terms, lower sales to professional landlords
 Q1 revenue stable at €587 million
 Residential: 2,041 net new home and subdivision reservations (-13% from Q1 2012),
reservations steady in value terms at €359 million incl. VAT
 Commercial: order intake not significant over the quarter, annual target confirmed
 Backlog as of March 31: nearly €3 billion (equivalent to 15 months’ revenue from development
activities), close to the backlog at year-end 2012
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
 Proposal to distribute a dividend of €2 per share in respect of 2012 at the Shareholders’ Meeting of 23 May 2013. Based on its outlook, the company will consider proposing to its shareholders the renewal of a €2 per share dividend next year.
Alain Dinin, Chairman and CEO of nexity, commented :
«In Residential real estate, the stability of reservations in value terms recorded by the Group in the first quarter
should not be interpreted as a sign of improvement in our outlook for the year: it is simply the automatic effect of
comparing with the unusual composition of sales recorded in the first quarter of 2012 (during which sales to
professional landlords represented 54% of our new home sales). Our outlook remains unchanged. The latest
measures announced by the President of France on 21 March 2013 in the context of his “emergency plan” for
housing are indeed steps in the right direction. However, unfortunately the majority of these measures cannot be
expected to have significant consequences in the short term. As we announced, housing starts continue to
decline. Consequently, we believe that new measures are needed more than ever to revitalize the market for new
homes, which has well-known consequences for the economy as a whole (impact on GDP, employment in the
construction sector, VAT receipts, etc.). From this perspective, the initial courses of action set out by the Berger-
Lefebvre report on household savings, with a view to encouraging institutional investors to reinvest for certain life
insurance policies, among other investment targets, in the intermediate multi-family housing sector, are in our
opinion insufficient given the scale of the challenges facing the sector.
In commercial real estate, the decline in take-up in the first quarter reflects the impact of economic uncertainty
and the lack of expectation of economic growth by market participants. We nevertheless maintain our objective of
doubling our order intake for the year in relation to last year.
While the initial economic indicators published confirm our expectation of a very difficult year for the large majority
of economic sectors in France, the Group has the benefit of a solid financial structure which will help it get
through this crisis and seize market opportunities as they present themselves that will contribute to its future
Source : Company