Nexity SA
F:NQ9
Nexity SA
Nexity SA engages in the construction, development, and marketing of real estate properties. The company is headquartered in Paris, Ile-De-France and currently employs 9,822 full-time employees. The company went IPO on 2004-10-21. As a developer of residential real estate, the Company provides solutions in individual houses, apartment buildings, and the full development of neighborhoods complete with homes available for rent or purchase, commercial spaces and public facilities. The company has various subsidiaries engaged in different divisions, such as Nexity Entreprises specializes in high-rise buildings, new office buildings and structural renovations. Geprim specializes in warehouses, distribution centers and mixed-use units. Nexity Services provides services during every stage of a project design, purchase, daily management, renovation and sale. The Group is also active internationally and it is present in Belgium, Spain, Italy and Portugal. The company operates through Costame, among others.
Nexity SA engages in the construction, development, and marketing of real estate properties. The company is headquartered in Paris, Ile-De-France and currently employs 9,822 full-time employees. The company went IPO on 2004-10-21. As a developer of residential real estate, the Company provides solutions in individual houses, apartment buildings, and the full development of neighborhoods complete with homes available for rent or purchase, commercial spaces and public facilities. The company has various subsidiaries engaged in different divisions, such as Nexity Entreprises specializes in high-rise buildings, new office buildings and structural renovations. Geprim specializes in warehouses, distribution centers and mixed-use units. Nexity Services provides services during every stage of a project design, purchase, daily management, renovation and sale. The Group is also active internationally and it is present in Belgium, Spain, Italy and Portugal. The company operates through Costame, among others.
Market Recovery: Nexity is seeing early signs of improvement in its sector, helped by lower interest rates and increased purchasing power for clients.
Sales Trends: Retail sales have ramped up in Q3, with a strong performance continuing into October and a notable 11.5% increase in the third quarter.
Backlog & Cancellations: The backlog stands at EUR 4.5 billion but is impacted by selective project cancellations and reduced new orders.
Transformation Progress: The company’s transformation plan is on schedule, with cost reductions, asset sales, and a focus on improving profitability and agility.
Unchanged Outlook: Management is maintaining its outlook for 2024, expecting a positive operating profit and significantly lower net debt by year-end.
Cost Reductions: Nexity plans at least EUR 95 million in annual cost savings by 2026, mainly via headcount reduction and overhead cuts.
Environmental Leadership: Nexity continues to exceed regulatory requirements in low-carbon construction and has been recognized with top industry awards.
