Neinor Homes SA : Performance in line ahead of the establishment of a fully-fledged residential platform
>Robust EBITDA growth (+342% y-o-y) in line with guidance - Neinor Homes has reported EBITDA growth of 342% y-o-y to € 69.9m with net profit up 269% y-o-y to € 44.7m, in line with full-year forecasts (EBITDA >€ 150m and net profit > € 100m). This performance reflects favourable momentum at all business lines:Residential development - (73% of H1 2021 EBITDA): activity indicators on a positive trend: 1/ the number of units sold was up sharply to 1,258 units in H1 ...Neinor Homes SA, formerly Neinor Homes SLU, is a Spain-based company engaged in the real estate sector. The Company focuses on the design, construction and promotion of residential properties. It develops housing projects in various Spanish cities, such as Malaga, Madrid, Barcelona, Cordoba, Vizcaya, Alicante, Almeria and Gerona.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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