21 January, 2019

Neinor Homes: FY2018 results preview

The Company will release its Fiscal Year 2018 results on February 28th, 2019. The results will be discussed on a webcast call by Management at 1pm CET.

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Following the end of fiscal 2018 audit process, we are pleased to confirm that the Company achieved the targets set for the end of the year, namely:

 

  • Deliveries: over 1,000 units were notarized in 2018, which will show fully on the profit and loss statement, in line with Research consensus
  • Construction: projects under construction progressing as expected with 80%+ of 2019 projects with structure already completed
  • Licenses: the year finished with the Company having obtained licenses for 4,200+ units
  • Pre-sales: continued at a steady pace in Q4 totaling 400+ units, taking the cumulative pre-sales of 2018 to 1,600+ units

 

Full detail on the active sites, launched or under construction, pre-sales and deliveries, to be released on February 28th, together with the audited financial statements to be approved by the Board of Directors.