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Nexity: posts net loss
(CercleFinance.com) - Nexity has published a net loss (group share) of E62m for 2024, compared with a profit of E19m the previous year, with a current operating profit of just under E2m, nothing like the E246m in 2023.
The property group explained that, as expected, it's profitability was impacted by the transformation plan, fully offset by capital gains on disposals. Sales fell by 17% to E3.53bn (-12% LFL). CEO Véronique Bédague nevertheless points to a leaner balance sheet, supported by a very significant reduction in debt, with a very solid commercial dynamic, with retail sales up by 14% in the second half of the year. Nexity expects to achieve positive current operating income in 2025. Its priorities enable it to envisage a resumption of dividend payments in the medium term, provided that the leverage ratio is less than 3.5x. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
14/04/2025 07:25
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