Neinor Homes SA : Strong operating performance that offers good visibility on the full-year targets
>Q1 EBITDA at € 50m (+172% y-o-y) vs full-year guidance between € 140m and € 160m - Neinor Homes reported Q1 2022 results that showed strong growth with in particular revenues of € 284m (+177% y-o-y) and EBITDA of € 50m (+172% y-o-y) and a stable EBITDA margin at 17.5% (-0.3% y-o-y). Even though this growth partly reflects a seasonality effect due to a high number of deliveries in Q1, it provides visibility and enables the management to confidently reiterate their ful...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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