Kaufman & Broad SA Reports Steady First Quarter 2026 Results

Kaufman & Broad SA announced its financial results for the first quarter of 2026, revealing a stable performance despite market challenges. The company reported a positive net cash of €310.8 million and proposed a dividend of €2.20 per share for 2025. Total orders reached €230.7 million, with a slight 1.9% increase in housing unit orders compared to 2025, despite a 22% market decline. Order values decreased by 8.5% due to shifts in the product mix.

Revenue for the quarter was €235.8 million, with housing contributing €176.7 million. The gross margin improved to €50.0 million, and the EBIT margin stood at 8.1%. The company's net income was €11.8 million. The housing portfolio increased by 4% to 32,421 units, and the take-up period improved significantly to 4.9 months, compared to the overall market's 17 months.

Kaufman & Broad maintained a solid financial structure, holding a cash reserve of €514 million. The group confirmed its 2026 revenue guidance comparable to 2025 levels, with an operating income margin close to 8%. The company aims to remain resilient in light of potential geopolitical instability.