Integrated Activity Report 2021

2021 key figures

2021 KEY FIGURES

PERFORMANCE AT AN ALL-TIME HIGH

The outstanding performance in 2021 demonstrates the tremendous resilience of Nexity’s model after 2020, a year marked by a public health, economic and social crisis. It is a testament to our effective positioning as an integrated real estate operator, and reflects the success of the strategic review carried out in 2020.
Nadia Ben Salem-NicolasDeputy Managing Director in charge of Finance
STRONG REVENUE  GROWTH (1)

€4.6 bn

  • Up 5% vs 2020
  • Up 15% vs 2019
  • 85% of revenue eligible for the EU taxonomy
RECORD CURRENT OPERATING PROFIT

€371 m

  • Up 32% vs 2020
OPERATING MARGIN GROWTH ACROSS ALL BUSINESS LINES

8% at Group level

RECORD NET PROFIT

€325 m

including gains on disposals

SIGNIFICANTLY LOWER DEBT

€598 m

  • Down 9% vs 2020
  • 1,5x everage ratio (2)

HIGH VISIBILITY THANKS TO OUR PIPELINE

€6.5 bn backlog

€14.2 bn business potential

 €20.7 bn ~5 years of revenue

Development

  • RESIDENTIAL REAL ESTATE 20,838 new home reservations in France
    • Up 0.5% vs 2020 (1)
  • 4 % reduction in carbon emissions per sq.m delivered relative to 2019
  • COMMERCIAL REAL ESTATE €421 m in new orders
  • 13 % reduction in carbon emissions per sq.m delivered relative to 2019
We’ve emerged from 2021 in a solid, stronger financial position that gives us the means to embark on a new cycle of profitable, responsible growth driven by a refocused range of core solutions, in spite of a volatile environment.
Nadia Ben Salem-NicolasDeputy Managing Director in charge of Finance

Services

SHARP IMPROVEMENT IN PERFORMANCE
  • Revenue up 11% vs 2020
  • 460,000 sq.m of buildings managed by Nexity Property Management covered by projects supporting the rollout of an SRI (socially responsible investment) policy at end-2021
Our backlog is at an all-time high: we have the equivalent of two years’ revenue ahead of us with margins that are virtually locked in, and five years’ worth if we take land options into account. The key demand drivers are in place: the need for housing remains high and institutional investors have substantial amounts of liquidity to invest in this asset class.
Nadia Ben Salem-NicolasDeputy Managing Director in charge of Finance

(1) New scope, i.e. excluding disposed activities in 2021

(2) Ratio of net debt excluding lease liabilities (IFRS 16) to EBITDA after lease payments over the past 12 months