Report
Florent Laroche-Joubert

Neinor Homes SA : Good operating momentum and upcoming talks on crystallisation of residential platform

>Operating performance still in good shape in 9M 2022 - Neinor Homes reported still solid operating performances in 9M22 for its two main businesses despite a deterioration in the macroeconomic climate: its revenues came to € 506m (+1.5% y-o-y) for adjusted EBITDA of € 81.4m (-3% y-o-y) and an EBITDA margin down slightly at 16.1% vs 16.9% in 9M 2021. This trend followed the non-renewal mid-2021 of a very profitable services contract while the price increases applied b...
Underlying
Neinor Homes SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Florent Laroche-Joubert

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