Kaufman & Broad SA
Kaufman & Broad SA: 2019 Annual Results
30-Jan-2020 / 20:02 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
Paris, January 30, 2020
2019 Annual Results V19
· Confirmation of the capacity to generate profitability and cash flow to
pave the way for future growth:
· Gross margin and EBIT margin in line with expectations
· Financial capacity up by more than EUR 100m at EUR 458.1m
· Significant growth in development indicators:
· Backlog: +16.8% to EUR 2.5bn
· Property portfolio: +9.9% to 33,090 units
· Dividend for 2019: EUR 2.50 per share
Kaufman &
Broad SA
· Key components of sales activity announced
its
results
for the
(2019 vs. 2018) 2019
financial
year
(from
· Orders December
1, 2018
Total: EUR 2,177.1M incl. VAT (-2.4%) to
November
30, 2019)
today.
Of which: Nordine
Commercial: EUR 467.5.0m incl. VAT Hachemi,
(+30.1%) Chairman
and Chief
Executive
Officer
Housing: EUR 1,709.0m incl. VAT of
(-8.7%) Kaufman &
Broad,
made the
following
· Take-up period for Housing*: comments:
5.8 months vs. 5.0 months
(+0.8 months)
"The
results
· Key financial data for
fiscal
2019 are
in line
(2019 vs. 2018) with our
expectati
ons and
confirm
· Revenues: the
quality
Total: EUR 1,472.2m (-5.5%) of
Of which Housing: EUR 1,334.0m (+3.1%) Kaufman &
Broad's
fundament
· Gross margin: als. In
more
EUR 283.9m (19.3% of revenue) muted
market
condition
· Adjusted EBIT: s, they
show that
EUR 139.2m (9.5% of revenue) its
growth
model is
· Attributable net income: capable
of
EUR 76.3m (+4.5%) generatin
g profit
and cash
· Cash net of financial debt: flow.
This
EUR 56.0m (vs. EUR 50.0m at gives us
end-2018) greater
financial
leeway to
· Financing capacity: increase
our
EUR 458.1m (vs. payout
EUR 353.4m at end-2018) capacity,
and also
to choose
our
· Key growth indicators (2019 vs. future
2018) developme
nt
options
in the
face of
· Overall backlog: profound
changes
EUR 2,545.0m (+16.8%) in the
Of which Housing: EUR 2,069.3m market.
(+5.5%)
· Housing property portfolio:
33,090 units (+9.9%)
In 2019,
the new
housing
market,
estimated
at
between
120,000
and
125,000
units,
was
character
ized by
sustained
demand,
but also
by a
significa
nt drop
in
issuance
of
building
permits,
the
effects
of which
will be
felt
above all
in the
first
half of
2020.
The
pre-munic
ipal
election
climate
weighed
more
heavily
on
Kaufman &
Broad's
launches
and
orders in
the
second
half of
2019, due
to a
significa
ntly
higher
(MORE TO FOLLOW) Dow Jones Newswires
January 30, 2020 14:03 ET (19:03 GMT)
© 2020 Dow Jones News
