Nexity jumps on rating upgrade by Oddo

NEXITY SA

19/09/2025 09:41

** Shares in Nexity NEXI.PA rise around 10% after Oddo BHF upgraded its recommendation on the French real estate company to "outperform" from "neutral"

 ** Oddo points to a "sound" balance sheet and profit growth opportunities in the mid-term

** Nexity has significantly reduced its financial debt and started a 100 mln euros cost saving plan which will be mostly achieved by end of this year, bringing its balance sheet under control, Oddo analysts said

** "Nexity has also adapted its commercial offering to the new market situation realigning transaction prices with customers' purchasing power and abandoning unprofitable transactions," the broker adds

** Oddo sees Nexity returning to positive return on capital (ROC) of 25.5 mln euros in 2025 and further increasing to 159 mln euros through 2027, possibly allowing the group to resume dividends

** Friday's gains so far reduce year-to-date losses to 15.9%, from 23% at yesterday's close

 (Reporting by Alban Kacher)

 ((Alban.kacher@thomsonreuters.com; +48 58 769 65 87))