Neinor wins 6.8 million and delivery 254 homes until June

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The crisis of the coronavirus was 45% the benefit of Neinor Homes during the first half. The developer, at least managed to close the semester on a positive and scored a gain of 6.8 million euros and revenues of 101.3 million euros.

ebitda rose by 15 millions , while the gross margin of the company grew to 35.5%, a percentage that in the case of the business promoter reaches 28%. This branch of activity provided in addition to 88.5 million in revenue. The remaining 13 correspond to the divisions of “legacy” and “servicing”.

The company that runs Borja García Egotxeaga delivered and, therefore, billed for, 254 homes between January and June, a period that coincides with the crisis, the state of alarm, and the confinement, compared to 379 a year earlier.

The developer has highlighted that recorded 686 pre-sales between January and June, “highlighting the trend clearly favorable in the second quarter, after the months of April and may, closed June with 225 pre-sales”. Neinor closed the semester with a few pre-sales of 83% on the deliveries planned for this year. For 2021 has committed 51%, while that for 2022 has a 30% of the housing stock.

with Respect to the licenses, Neinor obtained 600 approvals throughout the semester, so that already counts with 100% of the licenses necessary to meet the objective of delivery of 2021. In addition, the company has more than 600 licenses currently in the pipeline.

“The figures obtained at the close of the semester reflect the strength of this company. After the months of march and April as the most affected by the health crisis, June has already shown the start of the recovery,” he explained in a press release the ceo of the company, Borja García-Egotxeaga.

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