Nexity: upgrades FY 2019 outlook
(CercleFinance.com) - The Nexity group, benefiting from strong interim results, announced on Tuesday that it is raising its growth forecast for FY 2019, now expecting sales and EBITDA to increase by around +7%, against at least +5% previously.
Likewise, the group expects its market share to grow in the new housing market. Finally, Nexity plans to propose a dividend of 2.70 euros per share for 2019, and at least as much up until 2022.
Regarding H1 results, Nexity announced sales of 1.84 billion euros, against 1.56 billion billion in H1 2018, meaning 18% growth.
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