Neinor gains after raising FY guidance, outlining 2028 targets and dividend
BUZZ-Neinor gains after raising FY guidance, outlining 2028 targets and dividend ** Spain's property developer Neinor Homes HOME.MC jumps around 4.3% after raising its 2026-2027 guidance, unveiling 2028 targets and announcing a planned €200- €250 million ($225-$281 million) dividend for 2028
** The company raised its 2027 EBITDA outlook to €260-€280 million and set 2028 targets for EBITDA of €260-280 million, net income of €160-170 million
** Renta 4 Banco cites improved short-term shareholder returns, crystallization of land bank value and faster-than-expected deleveraging, with 2027-2028 net debt targets below consensus
** A record order book above €2 billion reduces execution risk despite higher costs and interest rates, it adds
** It also notes that after integrating peer Aedas Homes AEDAS.MC, the company will more than double its key financial figures
** It warns asset rotation shortens own land bank duration, making long-term growth more dependent on asset management and reinvestment capacity
** Shares on track for a best day since June 2025
($1 = 0.8906 euros)
(Reporting by Marta Serafinko in Gdansk)
Recent news on Neinor Homes SA
See all newsBrief: Neinor Homes Proposes Extraordinary And Interim Dividend For Q4 2026 And Q1 2027
Spanish stocks - Factors to watch on Oct 26
Brief: Neinor Homes Completes Buyback Program After Buying 3% Of Capital
Neinor gains after raising FY guidance, outlining 2028 targets and dividend
Spanish stocks - Factors to watch on Oct 6