Raising of the 2021 revenue target
autour de 280 M€ vs. >250 M€
o 87.6% increase in H1 2021 revenue to € 125.3 million and 60.0% increase in EBITDA to € 13.9 million
o Doubling of net income to € 4.0 million
Saint-Herblain, September 16, 2021, 5:45 p.m. The Board of Directors of the REALITES regional development group met today and approved the consolidated accounts for the first half of 2021.
Outperformance of the Contracting Authority activity in a declining market, driven by the positioning of the Group as a regional developer
In the first half of 2021, in a market still under tension (-5.5% in Q1 2021 / Q1 2019 – source FPI), the REALITES group posted consolidated revenue of € 125.3 million, an increase of + 87.6% compared to the first half of 2020. The project management activity increases this performance with a turnover up + 98% to € 117.8 million. It compares with a 1st half of 2020 taking into account the 1st containment (-4.7%), the impacts of which were severely limited by the dynamics of the Group’s model. Strong growth is driven by a 125% increase in deeds to € 108.7 million – driven by diffuse sales – and the transformation of land development with the start of 18 new operations.