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Neinor Surpasses its Revenue Forecasts and Records a Profit of €70 Million in 2020

The listed property developer closed 2020 with a turnover of 579 million euros, after selling more than 1,600 homes, and a profit of 70 million euros, up by 11% YoY.

Neinor Homes CEO y CEO adjunto 1024x739 2
Borja García-Egotxeaga, CEO of Neinor Homes, and Jordi Argemí, Deputy CEO.

Good news for Neinor Homes. The property developer that starred in the first IPO following the burst of the previous real estate bubble has managed to weather the coronavirus storm and close 2020 on the rise.

In this way, the company co-led by Borja García-Egotxeaga and Jordi Argemí achieved revenues of 579 million euros last year, up by 18% compared to 2019, thanks to the more than 1,600 home deliveries and deed signings registered during the period.

Read the full article in Spanish.

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