Business
Neinor Homes confirms achievement of FY24 guidance and announces €125mn shareholder distributions
Neinor has delivered 2,397 housing units with strong underlying gross margin of 28.5% and reported FY24 adj. Net Income of €69mn, a 5.9% beat to the Company’s guidance High margins and solid cash flow generation took Adj. Net Debt to €238mn by year-end, maintaining a conservative LTV of 16.2% The Company will submit to the next AGM the approval of €125mn in shareholder distributions for FY25 – aiming to distribute a total of €188mn for the following 12-months (16% yield) Neinor has significantly
About this update from Neinor Homes Sa
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