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Nexity: sales down 14% in Q1

( - The Nexity real estate group has reported a 14% drop in sales to E770m for Q1 2024, including declines of 15% for development activities and 9% for services.

In a housing market that remains marked by a significant decline in reservations, estimated at -31% for retail sales, it recorded 2,005 reservations over the period, down 29% (-22% in value).

Planning to reduce operating expenses by E95m, Nexity confirms its outlook for 2024, including positive operating income marking a financial low point.

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