On Friday evening, Hexaom reported net income from continuing operations up 40.9% to 33.4 million euros, and operating income before non-recurring items up 20.4% to 38.4 million for 2023, on sales up 6.3% to 1.02 billion.

"As anticipated, orders booked to the end of February 2024 reflect a market that remains difficult for all players in the sector (new housing reservations down by more than 40% in 2023)," says the homebuilder.

At the AGM on June 5, the Board of Directors will propose that no dividend be paid for 2023, in order to 'preserve the company's fundamentals and cash position, and to ensure that the efforts required of everyone are fairly distributed in the context of an unprecedented crisis'.

Hexaom expects its 2024 production to decline by 25 to 30% compared with 2023, but as a result of measures to adjust its cost structure, Hexaom expects to maintain operating profitability at between 3 and 4% of sales for the year.

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