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United Kingdom

Kaufman & Broad H1 Overall Backlog Up 27.9 pct To More Than EUR 2 Bln


Wednesday, 11 Jul 2018 

July 11 (Reuters) - Kaufman & Broad SA ::H1 OVERALL BACKLOG UP 27.9%, TO MORE THAN EUR 2 BILLION.UPWARDS REVISION OF ANNUAL OUTLOOK.H1 ADJUSTED EBIT EUR 77.6 MILLION VERSUS EUR 52.1 MILLION YEAR AGO.SAYS GROUP IS PLANNING TO LAUNCH 86 NEW PROGRAMMES IN 2(ND) HALF OF 2018, INCLUDING 31 IN ÎLE-DE-FRANCE REGION.H1 REVENUE EUR 776.9 MILLION VERSUS EUR 627.7 MILLION YEAR AGO.BELIEVES THAT ITS REVENUE GROWTH FOR THE FULL FINANCIAL YEAR SHOULD BE MORE THAN 10%.H1 NET INCOME EUR GROUP SHARE EUR 37.8 MILLION VERSUS EUR 20.2 MILLION YEAR AGO.BELIEVES FY GROSS MARGIN IS EXPECTED TO REMAIN AT ABOUT 19%, WHILE ADJUSTED EBIT IS EXPECTED TO INCREASE TO ABOUT 9%.FOR 2018 FINANCIAL YEAR, GROUP BELIEVES THAT ITS REVENUE GROWTH SHOULD BE MORE THAN 10%.DIVIDEND WILL INCREASE IN THE SAME PROPORTIONS.2018 GROSS MARGIN IS EXPECTED TO REMAIN AT ABOUT 19%, WHILE ADJUSTED EBIT IS EXPECTED TO INCREASE TO ABOUT 9%..SAYS FOR 2018 FINANCIAL YEAR, GROUP BELIEVES THAT ITS REVENUE GROWTH SHOULD BE MORE THAN 10%.SAYS 2018 GROSS MARGIN IS EXPECTED TO REMAIN AT ABOUT 19%, WHILE ADJUSTED EBIT IS EXPECTED TO INCREASE TO ABOUT 9%. 

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17 May 2019