Report
Joan Sehim

Nexity : After the storm, wait-and-see, then prospective recovery

Nexity recorded the crisis in its accounts in 2024. The group now seems to be on a slightly positive trend, with a very slow and gradual recovery in activity, an expected return to positive profitability and the first effects of the restructuring plan. Liquidity is not ideal but sufficient for Nexity to do without the markets until the end of 2027. However, we do not identify any short-term catalysts: the 2025 financial year should be characterised by a significant wait-and-see attitude, between strong macro-economic turbulence and municipal elections in 2026.
Underlying
Nexity SA Class A

Nexity in an integrated real estate group based in France. Co. operates in all areas of real estate development and services (residential real estate, commercial real estate, real estate services to individuals and real estate services to companies, distribution networks and client relations, major urban projects). Co. maintains a market presence across all industry cycles (short, medium and long). Co. serves three types of clients: individuals, companies and investors, and local authorities. Co.'s activities are conducted around four primary divisions: Residential real estate, Commercial real estate, Services and Distribution Networks, and Other activities.

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
Joan Sehim

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