Neinor reports strong 9M25 sales, reiterates FY guidance

Published 21/10/2025, 09:26
Neinor reports strong 9M25 sales, reiterates FY guidance

Investing.com -- Spanish homebuilder Neinor homes has released its trading update for the first nine months of 2025, showing robust sales figures while reiterating its full-year guidance. The company’s shares were down 1% following the announcement.

Neinor pre-sold approximately 2,200 units during the January-September period, compared to 2,650 units for the entire 2024 fiscal year. The average selling price reached about €333,000 per unit, representing a 5% increase year-over-year.

If the current sales momentum continues through the fourth quarter, 2025 could become a record year for the company’s sales performance.

The Spanish property developer has maintained its full-year 2025 guidance, projecting revenues between €600-700 million, EBITDA of €100-110 million, and a gross margin of approximately 28%. The company’s confidence in these targets is supported by a 97% coverage ratio for its planned 2025 deliveries, providing flexibility to optimize pricing in the final quarter of the year.

In a separate development, Neinor shareholders approved the Aedas Homes tender offer during Tuesday’s Extraordinary Shareholders’ Meeting at the company’s Bilbao headquarters. The company is now awaiting approval from Spain’s National Securities Market Commission (CNMV) to launch the offer, with expectations to complete the transaction in the fourth quarter of 2025.

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