France · Delayed Price · Currency is EUR Kaufman & Broad Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw revenue decline but gross margin and profitability improve, supported by a strong land portfolio and stable backlog. Guidance for the year is confirmed, with robust liquidity and continued selectivity in project launches despite macroeconomic uncertainties.
Fiscal Year 2025
-
2025 saw revenue rise 5% to EUR 1,136 million, with strong margins and a robust net cash position. The backlog remains high, and 2026 guidance projects stable turnover and margins, supported by new digital initiatives and urban renewal projects.
-
Nine-month results show revenue up 6% to €744.7 million, strong net cash, and no long-term debt. Housing and commercial segments outperformed a declining market, with stable margins and a positive outlook despite political and market uncertainties.
-
Q1 revenue grew 9.7% year-over-year, with strong housing and commercial property performance. Guidance for 2024 is reaffirmed, supported by a robust net cash position and expanding managed residences. Supply constraints and regulatory headwinds remain key risks.