Nexity SA (FRA:NQ9)

€ 12.52 0.31 (2.54%) Market Cap: 709.21 Mil Enterprise Value: 2.36 Bil PE Ratio: 13.97 PB Ratio: 0.36 GF Score: 71/100

Full Year 2019 Nexity SA Earnings Call Transcript

Feb 25, 2020 / 05:30PM GMT

Release Date Price: €44.46 (-0.94%)

Transcript

Operator

Good afternoon, and welcome to the Nexity 2019 Full Year Results Conference Call. For your information, this conference is being recorded. At this time, I would like to turn the call over to Julien Carmona. Please go ahead, sir.

Julien Francois Paul Carmona

Nexity SA - Deputy CEO Internal Client, Finance, Strategy & International

Good afternoon, everyone, and thanks for joining this conference call. Today in the room, you have Eric LalechÃ¨re, Chief Financial Officer; Domitille Vielle and GÃ©raldine Bop, Investor Relations, as well as myself.

In 2019, Nexity achieved or exceeded all its targets. We've made a number of commitments to the market, and we're delivering on them. Let me start on Page 3 with our 2019 business activity highlights.

Starting with Residential Real Estate. 2019 was a new record year for Nexity, with over 21,800 units booked and an 11%, sorry, growth compared with 2018, despite a challenging market, hampered by a lack of supply and challenges on the permitting side. The target that we said 2 years ago, which was to

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