24 Julio, 2019

H1 2019 Results Presentation

Neinor Homes releases First Half 2019 Results: solid operating performance with €26m EBITDA

noticia

Highlights of H1 2019 results

 

Focused on execution through solid performance in our core business:

  • Deliveries: 379 notarized units, €136.1m development revenues
  • Development Activity: 1,600+ WIP starts with 800+ licenses obtained.
  • Pre-Sales Activity: Orderbook of 2,966u (c.€975m) with 702 units sold during H1 and coverage of future deliveries in line with BP expectations:
    • 2019 Deliveries: 90%
    • 2020 Deliveries: 55%
    • 2021 Deliveries: 30%
  • Margin Protection: gross margin in H1 of 29%+, expected gross margin for 2019FY of 28%
  • Main Financials:
  1. €162m revenues with €26m EBITDA Adjusted (c.40% of yearly target)
  2. €1.2bn inventory and €274m Net Debt (€346m Adjusted Net Debt).

 

 

Full presentation and Webcast details

Presentation: you can find the full presentation on the following link

https://neinorhomes.com/shareholders-and-investors/financial-information/financial-reports

 

Conference call: Management will host a webcast to discuss the H1 results tomorrow afternoon (July 25th) at 13:00 Madrid / 12:00 London time London time. You can register and participate of the webcast through the following link: https://edge.media-server.com/mmc/p/oe2s7jyr. Phone access will be available for those of you willing to ask live questions during the Q&A session. Please contact the Investor Relations team to get dial-in details at [email protected].

 

Audited financial statements: Neinor Homes released its half-year audited financial accounts, in line with best practices. The Company full financial statements are available in the following link: https://neinorhomes.com/shareholders-and-investors/financial-information/financial-reports

 

Roadshow after the Summer: Porto on September 4th – London on September 12th and 20th

The Company management will be on the road in September, going to Porto (for CaixaBank-BPI Conference) and after that we be in London for both the JP Morgan Small-MidCap CEO Conference on the 12th, and SocGen’s PanEuropean RE Conference on the 20th). Please get in touch with our investor relations team ([email protected] and [email protected]) to ensure we see you as the team visits your city.