Report
Christophe Chaput

Nexity : Q1 2020 revenues naturally hit by the health crisis, reservations down by a mere 6%

>Q1 revenues down 11%, reservations hit by limited 6% drop (-15% est.) - Nexity reported Q1 revenues down 11% to € 787m (ODDO BHF: € 816.7m), of which a negative effect of € 130m tied to the slowdown seen since 16 March; excluding the negative impact of the health crisis, revenues would have grown by 4%. By business division: 1/ revenues from individual clients dropped 7.8% to € 702.4m (ODDO BHF: € 719.6m) with residential real estate down 11.2% to € 490.9m (ODDO BHF:...
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
Christophe Chaput

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