From GlobeNewswire: 2025-01-20 08:18:00

Neinor Homes fulfills its FY24 Adjusted Net Income target of €65mn ahead of its FY24 accounts release. The company will distribute €62mn to shareholders on 24 January and another €62mn on 14 March, totaling €325mn distributed in the last 18 months. 2024 saw a record commercialization year with pre-sales of +2,600 units, doubling the orderbook to +3,600 units.

Spanish GDP grew by +3% in 2024, exceeding EU average growth. Strong internal demand and private consumption fueled economic growth, creating over 500,000 new jobs. Neinor Homes plans to distribute an additional €125mn to shareholders in FY25. CEO Borja García-Egotxeaga aims for equity-efficient growth, targeting €140mn in equity investments.

Neinor Homes achieved +47% annual growth in pre-sales in 2024, selling +2,600 housing units worth c.€840mn. The total orderbook surpassed 3,600 units, valued at c.€1,300mn, showcasing strong commercialization and JV business growth. CFO Jordi Argemí highlighted the successful bond market return, boosting shareholder remuneration goals.



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