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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Nexity
Nexity (NXI) investor relations material
Nexity Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary22 Oct, 2026
Executive summary
9M 2026 activity followed H1 trends as the housing market remained sharply depressed; Q3 conditions worsened over the summer, while retail sales outperformed the market.
FY 2026 guidance was confirmed, conditional on no significant further market deterioration, with improved New Nexity current operating profit and continued leverage reduction.
Financial highlights
9M revenue was €1,611m, down 17% YoY; Planning and Development revenue fell 20% to €1,295m and represented 79% of revenue.
Reservations totaled 5,394 units, down 17% YoY, and €1,147m in value, down 19%; retail sales were 3,094 units, down 10%.
Services revenue was €292m and virtually stable; Serviced Properties rose 2% to €232m, while Distribution fell 18% to €60m.
Commercial Real Estate revenue was €40m, down €4m; order intake was €23m and backlog €47m.
Outlook and guidance
FY 2026 guidance confirmed, conditional on no significant further market deterioration; current operating profit from projects underway is expected to improve YoY.
The €100m cost-savings plan is targeted for completion by year-end 2026; profitability improvement is expected to come from transformation measures, not an assumed market recovery.
Leverage reduction remains a priority, with a return below 3.5x targeted no later than 2027; 2026–27 are expected to remain very low-cycle years, with recovery not expected before 2029–30.
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Latest events from Nexity
- Operating profit doubled and net loss narrowed in H1 2026, with 2026 guidance reaffirmed.NXI
Q2 2026 - Q1 2026 reservations rose 1% but revenue fell 13%, with stable guidance and strong backlog.NXIQ1 2026 TU
- Operating profit rebounded, net debt halved, and market share grew amid a challenging year.NXIQ4 2025
- Homebuyer demand and Serviced Properties growth drive 2025 profitability and net debt guidance.NXIQ3 2025 TU
- Positive operating profit achieved in H1 2025 amid strong homebuyer demand and cost savings.NXIH1 2025
- Retail sales surged in Q3 2024 as transformation plans set the stage for a 2025 rebound.NXIQ3 2024 TU
- Net profit rose to €45m as net debt fell €264m, despite an 18% revenue decline.NXIH1 2024
- Q1 2025 revenue dropped 9% to €590m, but 2025 profitability and debt targets are reaffirmed.NXIQ1 2025 TU
- Debt cut 44%, retail sales up 7%, and profitability targeted for 2025.NXIH2 2024
Next Nexity earnings date
Q4 202624 Feb, 2027
Nexity
Next Nexity earnings date
Q4 202624 Feb, 2027
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Frequently asked questions
Nexity SA is a French real estate developer and service provider. The company's operations encompass a wide range of real estate sectors, including residential and commercial property development, real estate services, distribution networks, client relations, and urban projects. Nexity SA offers a variety of property solutions that cater to individual clients and commercial entities alike. These include the development of individual houses, apartment buildings, and entire neighborhoods equipped with rental or purchase options, commercial spaces, and public facilities. Additionally, the company provides services related to property management, real estate transactions, management, urban regeneration, advisory, and related services. The company is headquartered in Paris, France, and its shares are listed on the Paris stock exchange.