Nexity: operating margin falls in H1
(CercleFinance.com) - Nexity has reported net income, group share of E45m for H1 2024, five times the E9m a year ago, with an operating margin down 0.
7 point at 3.3%, on sales that fell 18% to E1.68bn.
The real estate group's sales fell by 14% LFL, reflecting what it sees as the on-board slowdown in activity. Retail sales represented 2,823 lots, a stable volume in a market that is still in sharp decline (-21%).
Based on the successful execution of the roadmap, as well as the implementation of adjustment and transformation measures, and subject to the macro-economic environment not deteriorating, its outlook remains unchanged for 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
7 point at 3.3%, on sales that fell 18% to E1.68bn.
The real estate group's sales fell by 14% LFL, reflecting what it sees as the on-board slowdown in activity. Retail sales represented 2,823 lots, a stable volume in a market that is still in sharp decline (-21%).
Based on the successful execution of the roadmap, as well as the implementation of adjustment and transformation measures, and subject to the macro-economic environment not deteriorating, its outlook remains unchanged for 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.