Nexity Reaffirms 2026 Guidance for Higher Recurring Operating Profit
Bitget2026/10/22 16:05- Nexity reaffirmed 2026 guidance for higher recurring operating profit, supported by margin improvements and EUR 100 million in savings by year-end.
- The outlook assumes no market recovery despite a deepening, prolonged downturn in new housing.
- Financial discipline remains focused on reducing leverage below 3.5 times as soon as possible, no later than 2027.
- Nine-month revenue fell 17% to EUR 1.61 billion, reflecting weaker development activity.
- Early negotiations to extend a EUR 625 million credit line and completion guarantees are expected to conclude within weeks.
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