9M 2020 Business activity and revenue
WEBCAST
28 OCTOBER 2020
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The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the Company, nor its shareholders, nor their advisors or representatives, nor any other person shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this document.
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Nexity / Webcast - 28 October 2020 | 2 |
9M 2020 business activity and revenue
Residential Real
Estate
Services to individuals
Commercial real
Estate
Other KPIs
Revenue
Nexity / Webcast - 28 October 2020
New home reservations in France
- 13,635 units (-3% compared to 9M 2019)
- €2,948m (+4% compared to 9M 2019)
Property Management for individuals
- Low churn rate: -0.7%
Serviced residences
- Seniors (Domitys): 10 openings (110 residences)
- Students (Studéa): 124 residences
Order intake: €230m
Stability of the development pipeline (backlog + land under options) compared to end-2019 > €20bn
€2,737m ; -2% compared to 9M 2019
3
INDIVIDUAL CLIENTS
Residential Real Estate
A market still undersupplied but impacted by the crisis
(in units) | ~ -25% |
153,500 | 168,900 | 163,800 | 164,900 | ||||||
121,100 | 125,400 | ~ 125,000 | |||||||
105,900 | 108,600 | 107,300 | |||||||
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020e |
Retail sales | Bulk sales |
- Sharp drop in building permits (-10%over 1 year*) and housing starts (-6%over 1 year*) in a context of municipal elections and health crisis
- Gradual resumption of the issuance of building permits expected from 2021
Sources: Commissariat Général au Développement Durable (Base Sit@del2) for retail sales- Fédération des Promoteurs Immobiliers for bulk sales- Nexity estimation for 2020 * At end September 2020
Demographics
Support of institutional investors
Economic situation of the construction industry
Decrase in building permits amplified by the lockdown
No announcement about an extension of tax incentives in supply-constrained areas
Tightening of credit conditions more marked among the most risky borrowers (first-time buyers in particular)
Taxation on housing
Nexity / Webcast - 28 October 2020 | 4 |
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Nexity SA published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 17:24:07 UTC